IVA Debt Solution: Write Off Unaffordable Debt
An Individual Voluntary Arrangement (IVA) is a legally binding debt solution that could help you become debt free in just 60 months. Freeze interest, stop creditor calls, and get the fresh start you deserve.
IVA Quick Facts
60 Month Plan
Fixed term with a clear end date
Debt Written Off
Remaining balance cleared at the end
Interest Frozen
No more charges piling up
Legally Binding
Protection from creditor contact
What is an IVA?
An IVA (Individual Voluntary Arrangement) is a formal debt solution available in England, Wales, and Northern Ireland. It is a legally binding agreement between you and your creditors that allows you to pay back your debts over a fixed period, typically 60 months.
Unlike informal debt management plans, an IVA is set up by a licensed Insolvency Practitioner and must be approved by creditors holding at least 75% of your debt value. Once approved, all your creditors are bound by its terms, even if they voted against it.
The key benefit of an IVA is that it offers a genuine fresh start. You make one affordable monthly payment based on what you can realistically afford after essential living costs. At the end of your 60 month plan, any remaining debt that has not been repaid is legally written off.
For people struggling with multiple debts, credit card balances, loans, and overdrafts, an IVA can provide the structure and protection needed to become debt free without the more severe consequences of bankruptcy.
How an IVA Helps You Become Debt Free
An IVA provides real, practical benefits that make managing and eliminating your debt achievable.
Debt written off
Any remaining debt at the end of your 60 month plan is legally written off.
Interest frozen
All interest and charges on your included debts are frozen from day one.
Creditors stop calling
Legally binding protection means creditors cannot contact you directly.
One monthly payment
Replace multiple debt payments with one affordable amount you can manage.
Protect your home
An IVA is designed to help you keep your home and essential assets.
Fixed end date
Know exactly when you will be debt free. 60 months and your fresh start begins.
How it works
Getting help is easier than you think. Here is what happens when you get in touch with us.
Have a chat with us
Call us or fill in the form. We will listen to what is going on and explain your options in plain English. No pressure, just help.
We look at your situation
We will work out what money is coming in, what is going out, and what you owe. This helps us find the best way to help you.
We sort everything out
Once you decide what to do, we handle all the paperwork and talk to the companies you owe money to. You do not have to do this yourself.
Get debt free
You make one payment each month that you can afford. Your debt goes down, and eventually, you are free of it. A fresh start.
Ready to take the first step?
Check If You QualifyWhat Debts Can Be Included in an IVA?
An IVA can include most types of unsecured debt. This means debts that are not secured against your home or other assets.
You must include all your unsecured debts in an IVA. You cannot pick and choose which ones to include. However, secured debts like your mortgage and car finance continue as normal and are not affected.
Debts typically included:
Friendly advice you can trust
We know debt feels overwhelming. That is why we keep things simple, honest, and judgement free.
No judgement, just help
We understand that debt can happen to anyone. Our team is here to support you, not judge you.
100% confidential
Your information stays private. We will never share your details without your permission.
Quick, simple process
Check if you qualify in just 2 minutes. No complicated forms or confusing jargon.
Friendly UK advisors
Speak to real people who understand your situation and want to help you succeed.
Proven results
We have helped thousands of people become debt free and rebuild their financial future.
Nationwide service
We help people across England, Wales, and Northern Ireland find the right debt solution.
Trusted by over 15,000 people across the UK
People just like you have found their fresh start
Thousands have taken control of their debt with our help. Here are some of their stories.
"I was drowning in credit card debt and did not know where to turn. Crystal Clear explained everything clearly and helped me set up an IVA. Now I have one affordable payment each month and I can finally see a way out."
Sarah T.
Manchester
Result
£18,000 written off
"The team were so understanding and never made me feel judged. They found a solution that works for my family. After 60 months I will be completely debt free. I wish I had called sooner."
James M.
Birmingham
Result
£32,000 written off
"I was worried about my job finding out, but everything was completely confidential. The IVA process was explained simply and now I have peace of mind knowing exactly when I will be debt free."
David K.
Bristol
Result
£24,000 written off
All testimonials are from real clients. Names have been changed to protect privacy.
Common questions
Find answers to the most frequently asked questions about IVAs.
Our friendly advisors are here to help. Get free, confidential advice.
Get Free AdviceWhat is an IVA and how does it work?
An IVA (Individual Voluntary Arrangement) is a legally binding agreement between you and your creditors to pay back your debts over a fixed period, usually 60 months. You make one affordable monthly payment based on what you can realistically afford. At the end of the 60 months, any remaining debt is written off completely, giving you a fresh start.
How much debt do you need for an IVA?
To qualify for an IVA, you typically need to owe at least £2,500 or more across 2 or more debts. You also need to be able to afford regular monthly payments of at least £100. Our free eligibility check can confirm if an IVA is right for your situation.
Will an IVA affect my credit score?
Yes, an IVA will appear on your credit file for 6 years from the start date. However, once your IVA is completed, you get a clean slate to rebuild your credit. Many people find this preferable to struggling with unmanageable debt for years.
Can creditors still contact me during an IVA?
No. Once your IVA is approved, it becomes legally binding. Your creditors are not allowed to contact you directly about the debts included in your IVA. All communication goes through your IVA provider, giving you peace of mind and an end to stressful calls and letters.
Can I keep my car and home with an IVA?
In most cases, yes. If your car is essential for work or family needs and is of reasonable value, you can usually keep it. An IVA is designed to protect your home and essential assets while helping you become debt free.
What debts can be included in an IVA?
Most unsecured debts can be included in an IVA. This includes credit card debt, personal loans, overdrafts, catalogue debts, store cards, and some HMRC debts. Secured debts like mortgages and car finance are not included but continue as normal.
Is an IVA better than bankruptcy?
For many people, an IVA is a better option than bankruptcy. You keep more control over your assets, can often keep your home and car, and it is generally viewed more favourably. An IVA also allows you to maintain certain professional registrations that bankruptcy might affect.
How long does an IVA last?
A standard IVA lasts 60 months (5 years). During this time, you make one affordable monthly payment. At the end of the 60 months, any remaining debt included in your IVA is written off, and you are debt free.
Learn More About IVAs
What is an IVA?
Complete guide explaining how IVAs work, eligibility requirements, and what to expect during the process.
How Does an IVA Work?
Step-by-step breakdown of the IVA process from application to completion.
IVA Calculator
Calculate your potential monthly IVA payments and see how much debt could be written off.
IVA Loopholes
Common IVA myths and loopholes explained — what actually works and what does not.
IVA Register
How the IVA Insolvency Register works and what it means for your privacy.
How Much Does an IVA Cost?
Understand IVA fees, what is included in your monthly payments, and how companies charge.
Ready for a Fresh Start?
Take the first step toward becoming debt free. Our free eligibility check takes just 60 seconds and will not affect your credit score.
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