We would recommend that you get free, impartial debt advice before contacting an IVA company. As the UK’s number one debt advice charity, we are confident that we can provide that for you.
CCCS Debt remedy
By using our online debt counselling service, CCCS Debt Remedy, you can find out the best debt solution for your circumstances. If your best solution is an IVA, CCCSVA, our inhouse IVA service, can support you through the process.
You should be aware that individual voluntary arrangements are only suitable for people with:
- A regular income to allow them to make affordable monthly payments, or
- A sizeable lump sum, in relation to the total debt outstanding
The total amount of unsecured debt needs to be £15,000 or over.
Some IVA companies advertise their services as the best way out of debt, but there may be a better alternative for you. For instance, it might be that a debt management plan is a more appropriate solution to your debt problem.
To find out if an IVA really is the best option, use CCCS Debt Remedy. If there is a more suitable debt solution for you, we will recommend it.
You should always seek professional debt counselling before opting for an IVA, as it is a legal process.