Call our debt helpline:
0800 157 7254
Existing customers helpline:
0800 093 5322
We are members of DEMSA - The Debt Managers Standards Association. This means that we adhere to the code of conduct as set out by DEMSA. The DEMSA code of practice is approved under the OFT (Office of Fair Trading) Consumer Codes Approval Scheme (CCAS).
I have my own advisor and if she is busy there is always someone else to help and listen, I would recommend to anyone that I know that's in the same situation as me to have a chat with the nice and friendly people at Debt Advisory Line
Sarah from Didcott
Would you benefit from an IVA?
What is an IVA?
An IVA (Individual Voluntary Arrangement) is a fantastic Government Approved Debt Repayment Scheme which allows people who are struggling with debt repay what they owe, usually over a 5 year period and have up to 75% of the debt written off as part of the arrangement, subject to creditor agreement and only on completion of the IVA.
The government introduced the IVA as part of the Insolvency Act 1986 to give people a second chance. It is a legally binding structured repayment plan which benefits both you and your creditors.
For individuals with over £15,000 of debt an IVA could help you repay your unsecured debts, usually within 60 months.
At Debt Advisory Line if our award winning Debt Management Plans are not for you, an IVA is the way forward. An Individual Voluntary Arrangement is a legally binding agreement between you and your creditors.
It is designed for people who are struggling with debts and have three or more creditors. To qualify you must have proof of employment, be a UK citizen and owe more than £15,000.
Benefits of an IVA
- One affordable payment usually for 60 months
- An alternative to bankruptcy
Service and fees
We thrive on providing award winning service and our expert debt advisers will discuss all options available to you. If you choose to start a debt management plan there will be a fee involved. Click here for more information on our fees
Individual Voluntary Arrangement (IVA) is specialist service provided by our sister company Mitchell Farrar Insolvency Practitioners LLP
How do I start an IVA?
First and foremost, give Debt Advisory Line a call on 0800 157 7254 or complete the IVA form. For IVA Advice speak to our dedicated IVA expert advisors who will provide you with IVA advice to make sure the right debt solution is selected for your circumstances.
We'll take you through every step, finding and assigning an insolvency practitioner to your case. In order to get an Individual Voluntary Arrangement 75% of your creditors by debt value must agree to accept your proposal for the Arrangement to be accepted.
Get IVA Advice from an IVA specialist Complete our IVA Advice Form Now!
Debt Advisory Line is a trading name of Debt Advisory Line Limited. Reg. No. 07067381. Registered in England & Wales - Registered Office: 1C Riparian Way, Crossing Business Park, BD20 7AA - Data Protection Registration No. Z2044234 - Consumer Credit License No. 0633538.
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