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IVA - Individual Voluntary Arrangements

Please see our table of IVA providers below. IVAs were introduced by the Government in the late 1980s, allowing individuals to regain control of debts by entering an agreement with creditors. Usually this will include a promise by the individual to pay off all debts via one monthly payment within a certain time frame (usually around five years).

Taking an IVA means that you do not have to deal directly with your creditors – this will be done by the broker. Legal action will also be removed. Generally, IVAs are for people who have debts of at least £15,000 and two ore more creditors. When looking through providers, take your time and consider terms and options before making a choice. Once you have made a decision, simply click on 'Apply'.

COMPANY	DEBT OPTIONS	MIN DEBT	MIN MONTHLY INCOME	WRITE OFF OPTIONS	ID REQUIRED	APPLY
ClearDebt123	IVA / Debt Management	5,000	50	Up to 70%	ID may be required
	ClearDebt123 provide trusted debt relief solutions. This UK-based company claims to help you write off up to 70% of your debts. Apply via an easy online form. Both homeowners and tenants are eligible.					Terms Terms The content of ClearDebt123 website is meant to be informational and it should not be considered financial advice Services Services IVA and Debt Management Advantages Advantages Minimum debts only need be £5,000 Homeowners and tenants welcome   Disadvantages Disadvantages Must apply to find out more Website is cagey on details Must have at least 2 creditors
Clear Debt	IVA / Debt Management	£10000	N/A	Up to 70%	ID may be required
	Clear Debt try to reduce your monthly payments by up to 70% by handling negotiations with all your creditors, so that you only have to make one affordable payment each month. Clear Debt can propose IVAs for people with unsecured debt of around £10,000 – and sometimes even less!					Terms Terms Debts over £10,000 Services Services IVAs Debt Management Advantages Advantages Free debt advice Have debts lowered Disadvantages Disadvantages May not solve debt problems Bankruptcy orders may be shorter than IVA
Trapped.co.uk	IVA / Debt Management	1500	N/A	Between 60 - 70%	Name, address, work details, credit score, how much debt, partners details
	Trapped.co.uk are a broker who can offer a range of debt solutions - including IVAs, debt management and consolidation loans. Apply for a free calculation of your debt plan.					Terms Terms Apply online for more information Services Services IVA, Debt Management, Trust Deeds (Scotland) Advantages Advantages Lots of debt solution options Plenty of lenders sourced Write off up to 70% of debts Disadvantages Disadvantages Must apply to find out more Application can result in 'footprint' on credit file
Debts.tv	IVA / Debt Management / Consolidation Loans	£15000	£100	Situation dependant	See Website for free Enquiry
	Debts.tv offer 3 types of debt solution projects - IVAs, Debt Management programmes, and Debt Consolidation loans. Just enter your information on the application form online and Debts.tv will suggest to you the best option.					Terms Terms A minimum of 2 unsecured creditors, must be a UK resident and minimum of £15,000 debts for IVA. Services Services IVA, Debt Management and Consolidation Loans Advantages Advantages 1. IVA, Debt Management Plans and Debt Consolidation Loans all available. 2. You will be advised on which is best for you on application. Disadvantages Disadvantages 1. Min Debt £15000
Solve My Debt	IVA/Debt Management	£15000	N/A	Up to 70%	You may be required to produce wage slips and creditor letters
	Solvemydebt.co.uk specialise in debt management plans. They will distribute your monthly payments to your creditors - on your behalf. Solve My Debt can also arrange IVAs. Solve My Debts offer free no obligation debt advice - homeowners and tenants welcome.					Terms Terms Not stated Services Services IVA and debt management Advantages Advantages Specialists for debt solutions Disadvantages Disadvantages Website not clear on all matters - such as minimum income
Debt Fixers	IVA / Debt Management	£0	£50	60-70% Depending on arrangement	Apply online for more information.
	DebtFixers offer IVA and Debt Management products - enter the quick online form and an advisor will advise of the best couirse of action.					Terms Terms Dependant on product - apply online and you will be given the options and conditions of your options. Services Services IVA and Debt Management Advantages Advantages 1. IVA and debt management products offered - enter a quick online application and your options will be offered to you. 2. Min Debt only £0. 3. Min income only £50. 4. Write off options 60-70%. Disadvantages Disadvantages 1. No consolidation loans offered.
Debt Plan	Debt plans	N/A	N/A	Not stated	May be required to provide full ID
	DEBTPLAN Direct are commited to sorting your debts without a loan - pay what you can afford. Reduce and Consolidate debts to just one affordable monthly payment, claim back Unfair Bank, Credit Card and Payment Protection Insurance (PPI) charges on a "No Win No Fee" basis,Stop or reduce interest, charges and harassment from your creditors.					Terms Terms DEBTPLAN Direct are regulated by the OFT and are Authorised by the MAT when carrying out a financial fact find. Services Services Debt Management Advantages Advantages No loans - pay what you can afford Interest reduced or frozen Disadvantages Disadvantages Not very much information on website Apply to find out more