Check IVA Eligibility Online 2026

You qualify for an IVA if you owe £5,000+ in unsecured debt, can afford £100+ per month after essential expenses, have 2 or more creditors, are a UK resident (England, Wales, NI), and have regular income from employment, self-employment, or benefits. Check eligibility online or speak to a debt advisor for a free assessment.

IVA eligibility criteria include: minimum £5,000-£6,000 unsecured debt, at least £100 monthly disposable income after essential expenses, 2 or more creditors, UK residence in England/Wales/NI, and ability to make regular payments for 60 months. You can be employed, self-employed, homeowner, or on benefits. There is no maximum debt limit for IVAs.

You may qualify for an IVA with £5,000 debt, though most IVA providers prefer a minimum of £6,000 to make the arrangement viable for creditors. You must also be able to afford at least £100 monthly payments. With lower debt amounts, alternative solutions like a debt management plan may be more suitable and cost-effective. Speak to a free debt advisor for personalized guidance.

Yes, self-employed individuals can get an IVA. Your IVA payment is calculated based on your average income after business expenses. You need to provide evidence of self-employed earnings such as accounts, tax returns, or bank statements. IVAs are particularly suitable for self-employed people with fluctuating income as payments can be reviewed and adjusted annually if circumstances change.

Yes, you can get an IVA if you own your home. Homeownership does not prevent IVA approval. However, in year 5 of your IVA, you may need to release equity from your property (remortgage or secured loan) or extend your IVA payments by 12 months if equity release is not possible. Many homeowners successfully use IVAs to manage debt while keeping their property.

You can get an IVA while receiving benefits if you have at least £100 monthly disposable income after essential expenses are covered. Benefits count as income for IVA calculation purposes. However, if your spare income is very low (under £75 per month), a Debt Relief Order (DRO) may be a more suitable debt solution as it requires no monthly payments.

To qualify for an IVA: owe £5,000+ in unsecured debts (credit cards, loans, overdrafts), have £100+ monthly disposable income after essential expenses, be a UK resident in England/Wales/Northern Ireland, have 2 or more creditors, and be able to make regular monthly payments for 60 months. Complete a free online eligibility check or call a debt advisor to confirm you meet IVA qualifying criteria.

Yes, you can check IVA eligibility online in minutes. Complete a short online form with your income, expenses, and debts. An FCA-authorised advisor reviews your information and confirms whether you qualify for an IVA. The eligibility check is completely free, confidential, and involves no obligation. You receive instant feedback and if eligible, can speak to an advisor about next steps.