What debt is your biggest concern?

We’re able to deal with all types of debt, including..

  • Credit Cards
  • Unsecured Loans
  • Store Cards
  • Overdrafts
  • Utility Bills
  • Business Debt
  • Catalogues
  • Debt Collectors
  • Bailiffs
  • Benefit Debts
  • Invoices or Bills
  • Council Debts
Here are 8 ways an IVA could benefit you
  • Freeze interest & charges
  • One affordable monthly payment
  • Stop creditor hassle and calls
  • Potentially write off debt
  • Reduce stress or anxiety
  • Legal protection from creditors
  • Gain peace of mind
  • No need to borrow from family

If you have a question about a debt in particular then please call us on 0333 305 0593 or use our solution finder.

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IVA criteria – do you qualify?
  • More than £6,000 of debt
  • Owe more than 2 different debts
  • Regular monthly income

Do you live within England, Wales or Northern Ireland? Would you like help to protect you from creditors? Would you like to pay back what you can afford and not what your creditors demand?

Debt People IVA example

All IVA’s look differently, this example is for illustration purposes only.

Store cards
Credit cards
Other debts
Total debt
Monthly repayments
£620 or £149 with an IVA
Reduced payment by 76%
Monthly repayments reduced by 76%

Before IVA:

With IVA:

We’re highly reviewed

Wonderful people, doing amazing work. Very supportive, kind , professional with a very personal approach. A life changing experience, I wouldn’t hesitate in highly recommending your organization to everyone who thinks there is no way forward. Thank you all so much.

Jon (Trusted Feefo customer)

What is an IVA and how can it help me?
  • IVA stands for Individual Voluntary Arrangement. An IVA is a legally binding arrangement made between you and your creditors to pay off your debts with a repayment plan that suits your circumstances.
  • An IVA is a legally binding debt solution, which means that once your creditors have agreed to the terms of an IVA, they cannot initiate court action against you, or even continue to contact you.
  • All contact will go through your Insolvency Practitioner (IP) and the Supervisor overlooking your file, who will provide you with guidance before reviewing the options available to you.
  • After making monthly contributions towards your debts for a period of time agreed with your creditors – most commonly five or six years – any debt left over will be written off.
  • That means you will no longer be responsible for it, and can move on with your financial life.
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Achieving debt freedom starting with 3 simple steps

Step 1
Try our debt solution finder

Taking the first step is always the hardest, but try our private and confidential Solution Finder to answer a few simple questions, to give us an idea of your financial situation.

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Step 2
Let’s have a conversation

Speaking about debt can be tough, stressful and sometimes embarrassing. Our empathetic, trained team will not judge. Our job is to explain how we can help.

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Step 3
Decide on your tomorrow

Taking action today to clear your debt is crucial. Ignoring debt won’t make it disappear, and it can lead to financial consequences that are difficult to overcome.

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Let’s find out if you qualify for an IVA by answering the below questions.

    What is your total debt amount?

    What is your employment status?

    What is your residential status?

    How much can you afford to pay monthly?

    Great! It looks like we can help

    We just need a few more details to get your results. After which, we should be able to help you:

    • Pay a reduced payment to your debts
    • Freeze interest and charges
    • Stop creditor letters, calls and emails
    You’re not alone

    Debt help, delivered by professionals

    Is an IVA for me?

    We’ll offer guidance on all solutions, enabling you to make your own informed decision.

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    Cost of living crisis..

    If you’re worried about the current rise in living costs, get in touch and let’s discuss it together.

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    Money Helper is an independent service set up to help people manage their money

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    Frequently Asked Questions

    Your initial consultation call with us is free, no obligation and confidential. However, if you choose to proceed with the debt solution we recommend, there may be fees involved. In the case of an IVA these fees would come out of your agreed, affordable monthly contribution (not on top of) and are to cover the costs of the administration of the IVA. IVA fees have been outlined below in an example (illustrative purposes only), where the client has £18,000 worth of debt and is making monthly payments of £150 in an IVA (£9,000 in total over 60 months)*.
    • The Nominee’s fee – £1,000
    • The Supervisor’s fee** – £1,200
    • The Supervisor’s costs – £1,200
    • Total repaid to unsecured creditors – £5,600
    • Total written off by unsecured creditors – £12,400

    An IVA is a form of insolvency set up and managed by an Insolvency Practitioner (IP), which enables you to write off large portions of unsecured debt with government legislation, and is a less intrusive bankruptcy alternative. Once entered into an IVA, creditors can take no further action against you and won’t be able to directly contact you. An IVA will affect your credit rating for six years and your information will also be placed on the public Register of Insolvencies for the duration of the plan, but will allow you to clear your debts. In an IVA, your current financial situation taken into consideration and a single monthly payment is agreed – this payment is then divided among the people you owe money to. During the course of your plan all interest and fees associated with your debts are frozen. At the end of the IVA the remaining debts are written off and you can begin your debt-free future. An IVA is open to residents of England, Wales and Northern Ireland. Scottish residents can find an IVA alternative in the form of a Trust Deed. For more on an IVA, click here.

    Once you have successfully entered into an IVA, then creditor contact chasing for payment will stop resulting in a lot less stress! You may still receive statements (by law statements must be sent) but if you were to receive any other contact then we will sort it out for you.

    With an IVA you will not be required to pay more than you can comfortably afford no matter what this amount may be and no matter how much income you have. In our call, we will complete a thorough review of your finances and complete an income and expenditure review using nationally recommended guidelines accepted by your creditors. We understand that a decent standard of living is vital and that pushy lenders can make this seem impossible, but our aim is to get you debt free in a reasonable time frame at a rate you can afford.

    • There are no upfront fees when you enter an IVA.
    • All creditors are bound by your IVA once approved.
    • Creditors can’t take legal action against you in an IVA.
    • Interest and charges on your debts are frozen by law.
    • All IVA payments are based on what you can afford.
    • Your IP will distribute payment to creditors on your behalf.
    • You may get a payment break if your situation changes.
    • You won’t have to sell your home in an IVA.
    • You can write off up to 81% of your unsecured debt.
    • Spending restrictions are put in place during an IVA.
    • Secured debts can’t be included in the arrangement.
    • It’s possible creditors will reject your IVA proposal.
    • Homeowners may need to remortgage in the final year.
    • Any windfall over £500 will be put towards your IVA.
    • Your arrangement could fail if you fail to make payments.
    • If your IVA fails, creditors can make you bankrupt.
    • All IVAs are recorded on the public Insolvency Register.
    • An IVA will remain on your credit file for six years.

    Choosing Debt People to guide you on your journey to becoming debt free couldn’t be simpler. Our debt solution experts have already helped thousands of people just like you and are just a phone call away.

    With and IVA you will not be asked to sell your assets. During our initial call we will complete a fact find and will discuss with you any requirements regarding your assets allowing you to make an informed decision before proceeding.

    Well, there isn’t a catch. Getting out of debt doesn’t have to be stressful or take the rest of your life. With an IVA you will have a clear time frame as to when you will be debt free with affordable monthly payments. You will be provided with all the necessary information to enable you to make an informed decision before proceeding with the application and if you decide not to proceed then there is no charge. For more information on an IVA click here.

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