To qualify for IVA you must have minimum debt of around £ 15000 form at least 4 or 5 creditors.

Based on your budget or income a single manageable monthly payment is fixed for 3-5 years, which cuts around 70% of our debt and let you debt-free.


Have a Look of how IVA settlement cuts your debt.

Suppose you borrowed £20000 from five creditors so called A, B, C, D and E, but can not afford to repay the loan, you are able to manage only £8000.


Amount borrowed from each Creditor

A – 10000

B – 3000

C – 2000

D – 4000

E – 1000


After Full and Final IVA settlement you have to pay….

A – 4000

B – 1200

C – 800

D – 1600

E – 400

Thus your debt is fixed to an amount, you can easily managed and become free.