Do you have more than £5,000 debt?

Check if you qualify for help


✔One affordable monthly payment

 ✔Write off unaffordable debt

 ✔Legal protection - stop creditor contact

 ✔Freeze interest and charges

What is an IVA

An Individual Voluntary Arrangement (or ‘IVA’) is a legal agreement between a debtor and their creditors, suitable if you have a minimum of £5,000 of qualifying unsecured debt, owed to two or more creditors, and are struggling to keep up with debt payments. It enables you to prepare an offer (known as a ‘Proposal’) of what you can realistically afford to repay over an agreed period of time, typically five or six years. This offer needs to be agreed/approved by 75% of your creditors (by value) in order to be put in place.

On completion of an IVA, remaining balances on your included debts are written off.

Benefits of an IVA

  • No upfront payment is required to access an IVA. A Nominee and Supervisory fee are both payable once the solution is active. These are taken from the monthly contributions you pay into the IVA.

  • Your property is protected on an IVA (as long as you keep up with the mortgage/any secured loan payments).

  • Your creditors will not be able to continue with, or start, any legal action against you relating to your debt once your IVA is approved. Apart from sending you regular statements, your creditors will not be able to call or send you any post regarding your debts.

  • When entering an IVA, a full review of your income and outgoings will be completed with you to work out how much you can actually afford to pay towards your debts each month, regardless of the amount you are currently paying. Once your IVA is approved, you will pay this single, affordable monthly payment to your IVA Company each month.

  • An IVA can be varied to meet your needs (subject to creditor agreement) should circumstances change.

  • In most cases, the term of an IVA is set at five years, however in some cases it can be extended to 6 years.


Debts we can help with

  • Credit cards

  • Personal loans

  • Store cards

  • Payday Loans

  • Catalogues

  • Debt collectors

  • Bailiffs

  • Old car finance

  • Council tax (subject to area)

  • Old utility bills

  • Old phone bills

  • HMRC Debt

Why choose Clear Debt UK

  • Straightforward

  • Confidential

  • Reliable

  • Non Obligatory

  • Free

  • Friendly

  • Over 15 years experience

  • Empowering

  • Positive

  • Efficient

  • Non judgemental

  • Professional

How to get help

  1. Complete the online form.

2. Wait for an operative to call.

3. Make an informed decision.

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Money Advice Service


The Money Advice Service is an important service set up by the Government. They provide free debt counseling, debt adjustment and credit information.