IVA - Individual Voluntary Arrangement

Please see a comprehensive list of IVA providers in the table below. Taking an IVA allows you to regain control of large debts by entering into an agreement with your creditors. The IVA provider will take out the scary aspect of this — they will negotiate with your creditors on your behalf so that a fair agreement can be made.

An IVA will usually involve paying off your all of your debts via one lowered monthly payment within around 5 years (though this timeframe can vary). In some cases, the interest rate on your debts will even be frozen. Legal action will be halted: for instance, you may have received threats of court action from your various creditors — the IVA provider will ensure that these are stopped.

IVA stands of Individual Voluntary Arrangement and this type of debt solution was introduced by the Government in the late 1980s. It is important to remember that while you have gained a great solution to paying off your multiple debts, they are still there until you have paid them off. IVA applicants usually need to have at least two creditors and debts of at least £15,000.

Company	Debt Options	Min Debt	Min Monthly Income	Write Off Options	ID Required	More Info
Debt Checkup	IVA / Debt Management / Consolidation Loans	£15000	N/A	60-70% on IVA	See Website for free Enquiry.
	Debt Checkup offer a number of different routes towards solving your debt problems - including debt management, IVA and Consolidation loans. They will check hundreds of different options to provide you with the best solution. In short options are as follows: IVA: Pay 75% back - Become debt free in 5 years; Debt Management Plan - 1 affordable monthly payment - Freeze interest rates; Debt Consolidation Loan - Merge all your debts into one.
ClearDebt123	IVA / Debt Management	5,000	50	Up to 70%	ID may be required
	ClearDebt123 provide trusted debt relief solutions. This UK-based company claims to help you write off up to 70% of your debts. Apply via an easy online form. Both homeowners and tenants are eligible.
Solve My Debt	Debt Management/IVA	£15000 for IVA	N/A	Up to 70%	May be required to produce wage slips and creditor letters
	Solvemydebt.co.uk specialise in debt management plans. They will distribute your monthly payments to your creditors - on your behalf. Solve My Debt can also arrange IVAs. Solve My Debts offer free no obligation debt advice - homeowners and tenants welcome.
Relax Finance - The Debt Counsellors	Debt Management/IVA	£12,000 for IVA	N/A	Not stated	ID may be required
	The Debt Counsellors offer debt help for people who are in severe debts - they offer free information sheets which help you to find a debt solution. They offer debt managament, IVA, refinancing, trust deeds (Scotland only) and bankruptcy.
Debts.tv	IVA / Debt Management / Consolidation Loans	£15000	£100	Situation dependant	See Website for free Enquiry
	Debts.tv offer 3 types of debt solution projects - IVAs, Debt Management programmes, and Debt Consolidation loans. Just enter your information on the application form online and Debts.tv will suggest to you the best option.
Debt Fixers	IVA / Debt Management	£0	£50	60-70% Depending on arrangement	Apply online for more information.
	DebtFixers offer IVA and Debt Management products - enter the quick online form and an advisor will advise of the best couirse of action.
Debt Plan	Debt plans	N/A	N/A	Not stated	May be required to provide full ID
	DEBTPLAN Direct are commited to sorting your debts without a loan - pay what you can afford. Reduce and Consolidate debts to just one affordable monthly payment, claim back Unfair Bank, Credit Card and Payment Protection Insurance (PPI) charges on a "No Win No Fee" basis,Stop or reduce interest, charges and harassment from your creditors.
Action Today	IVA / Debt Management / Consolidation Loans	£2,000 for consolidation loan / £15,000 for IVA	N/A	Not stated	Apply online
	Action Today is an independent debt management company registered with the Office of Fair Trading. Professional guidance, practical assistance and honest methods.
Trapped.co.uk	IVA / Debt Management	1500	N/A	Between 60 - 70%	Name, address, work details, credit score, how much debt, partners details
	Trapped.co.uk are a broker who can offer a range of debt solutions - including IVAs, debt management and consolidation loans. Apply for a free calculation of your debt plan.