An IVA is a form of insolvency. It is a legally binding arrangement between you and your creditors.
Your agreement is to make either:
- 60 or 72 affordable monthly payments or
- A lump sum payment
Get free, impartial debt advice to understand how an IVA could affect you before you apply.
Our own IVA provider can support you through the process if this is the right choice for you.
There are costs and fees for an IVA.
- Our IVA costs and fees follow industry standards
- We do not charge up-front fees
- We do not charge for debt advice
Clare Lindley and James O'Carroll of StepChange Voluntary Arrangements are licensed to act as insolvency practitioners in the UK by the Insolvency Practitioners Association.
Other IVA companies may charge different fees. Make sure you understand them before agreeing to anything.
IVAs are not available in Scotland. In Scotland, a protected trust deed is a similar solution. . It has different benefits, risks and fees.
Considering an IVA?