Write off unaffordable debts

CHECK IF YOU QUALIFY

To find out more about managing your money and getting free advice, visit Money Advice Service, independent service set up to help people manage their money.

Our 3 step process

Step 1



Complete our online form

Our quick and easy assessment is completely private & confidential and will let you know what options you qualify for in 30 seconds.

Free Debt Test

Step 2

Talk to the experts

If you are worrying about your debt give us a call today. Our friendly experts will walk you through every solution available to you.

Get in touch

Step 3



Sit back & Relax

We do all of the hard work so you don't have to. At the end of your call with your personal debt expert you will have a solid plan for debt freedom

Check if you Qualify

FAQs

Got a question? We’re here to help.

  • Is an IVA suitable for me?

    An Individual Voluntary Arrangement (IVA) is a formal debt solution that creates alegally binding agreement between you andthe people you owe money to. You may decide to enter an IVA if you’re struggling to repay the total amount of unsecured debt youcurrently have but can repay some.



  • Can an IVA affect my credit rating?

    Yes, an IVA will have an impact on your credit rating as it will show on your credit report for six years after it has been approved. However, it’s important to note this is the case for most debt solutions and your credit score will likely already have been affected by being in debt in the first place.

    Once your IVA is complete you will be offered a fresh start to begin rebuilding your credit rating.

  • Will entering an IVA affect my job?

    In most cases entering an IVA won’t affect employment. However, in certain professions, such as accountants and solicitors, having an IVA may mean that you can no longer practice or you may only be able to practice under certain conditions.


  • Can creditors still contact me when I'm in an IVA?

    Once you enter an IVA, creditors can take no further action against you and can’t contact you directly.


  • How can an IVA change my life?

    An IVA can be a positive way to manage unaffordable unsecured debt and allow you to better manage your monthly finances.

    In an IVA a single monthly payment is agreed with your current financial situation taken into consideration – this payment is then divided between 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.

  • What are the disadvantages of an IVA?

    When you’re considering entering an IVA, it’s important to be aware of the following:


    • If you are a homeowner and your property has equity in it, you’ll need to try to re-mortgage which could result in an increased interest rate.
    • Your credit rating will be affected.
    • Only the unsecured debts included in your IVA will be written off at the end of the agreement.
    • Your IVA will be recorded on a public register.

     

    This isn’t an exhaustive list of considerations to be aware of before deciding to enter an IVA. An advisor will ensure you’re aware of the advantages and disadvantages to help you make an informed decision.

  • What services do you offer?

    We offer free debt advice tailored to your circumstances. We’ll find out more about your current financial situation and your lifestyle to advise on the best solution for you. Although we offer advice on all debt help solutions available, we specialise in Individual Voluntary Arrangements (IVAs).


  • What fees apply?

    All of our initial advice is free; however, fees will apply should you decide to enter into an arrangement.


    We operate a transparent fixed fee model, which incorporates the Nominee Fee, Supervisory Fee and all costs and expenses associated with the arrangement.


    Fees will be taken from your monthly payment or asset realisations paid into your arrangement.


    These will be discussed by an expert advisor to make sure you are fully aware of the costs involved.