IVA - Individual Voluntary Arrangement

Please see a comprehensive list of IVA providers in the table below. Taking an IVA allows you to regain control of large debts by entering into an agreement with your creditors. The IVA provider will take out the scary aspect of this — they will negotiate with your creditors on your behalf so that a fair agreement can be made.

An IVA will usually involve paying off your all of your debts via one lowered monthly payment within around 5 years (though this timeframe can vary). In some cases, the interest rate on your debts will even be frozen. Legal action will be halted: for instance, you may have received threats of court action from your various creditors — the IVA provider will ensure that these are stopped.

IVA stands of Individual Voluntary Arrangement and this type of debt solution was introduced by the Government in the late 1980s. It is important to remember that while you have gained a great solution to paying off your multiple debts, they are still there until you have paid them off. IVA applicants usually need to have at least two creditors and debts of at least £15,000.

Company	Debt Options	Min Debt	Min Monthly Income	Write Off Options	ID Required	More Info
Debt Assist	Debt Management / IVA	£5,000	£50	Up to 75%	ID may be required
	Debt Assist provide trusted debt relief solutions - both Debt Management and IVAs are offered. 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.
Trapped.co.uk	IVA / Debt Management	£15,000.00	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 and see how much Trapped.co.uk could help solve your debt problems. They offer a specialist service in debt management and could write off up to 70% of your debt.
Clear Debt	IVA / Debt Management	£14,000	N/A	Up to 70%	ID may be required
	Take the Clear Debt 30-second online test and get instant results on screen showing you what your debt management options are available to you. Clear Debt helps you to reduce your monthly repayments by up to 70% and handle all negotiations with creditors so you can make one affordable payment each month.
Solve My Debt	Debt Management/IVA	£15,000.00	N/A	Up to 70%	May be required to produce wage slips and creditor letters
	Solvemydebt.co.uk specialise in debt management plan but can also arrange for you IVA’s. They will distribute your monthly payments to your creditors - on your behalf. Solve My Debts offer free no obligation debt advice - both homeowners and tenants welcome.
Debt Fixers	IVA / Debt Management	£0	£50	60-70% Depending on arrangement	Apply online for more information.
	DebtFixers have a team of dedicated staff offering a professional approach to your debt solution. They offer IVA and Debt Management products to help you out of your financial crisis. Simply complete the online form and an advisor will be in contact.