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Want to know how an IVA will work for you?

We're here to help. Free, online debt advice available now

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i This solution is only available in England, Wales and Northern Ireland.

Individual voluntary arrangement (IVA)

An individual voluntary arrangement (IVA) is a formal agreement between you and your creditors that can help you repay your debts at an affordable amount.

IVAs are legally binding agreements that can help you deal with your debts. You can only get an IVA with the help of an insolvency practitioner (IP).

With an IVA you put forward an offer of payments on your debts to your creditors. This will be based on what you can afford. If you have an IVA, your payments towards your debts can be made through either a one-off payment, known as a lump sum IVA, or a 60 or 72 month repayment plan.

IVAs are not available if you live in Scotland. In Scotland, a similar solution is a protected trust deed however it’s important to note that it has different benefits, risks and fees associated with it.

Watch: An introduction to IVAs

How can I apply for an IVA?

Before you consider applying for an IVA you can use our online debt help tool, this will give you impartial and tailored advice to find out whether an IVA is the best option for you.

If you’d prefer to talk to us, call us (free from all landlines and mobiles) and speak to one of our expert advisors.

Is an IVA right for you?

Need debt advice?

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IVAs with StepChange Voluntary Arrangements

If an IVA is the best solution for you, we have our own IVA company, StepChange Voluntary Arrangements, who can arrange an IVA for you.


About IVAs


  1. What is an IVA?
  2. How an IVA affects me
  3. Getting an IVA
  4. Managing an IVA

Helping you become debt free...

“I wish to thank your staff for all the great help they gave me when I was in so much debt.
They were a pillar of support to me.” (Leslie, Essex)

Foundation for Credit Counselling Wade House, Merrion Centre, Leeds, LS2 8NG trading as StepChange Debt Charity and StepChange Debt Charity Scotland. A registered charity no.1016630 and SC046263. It is a limited company registered in England and Wales (company no:2757055). Authorised and regulated by the Financial Conduct Authority.

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