Write off up to 81% of your debt with an IVA

Write off up to 81% of your debt...

Specialist legislation can help you

Takes less than 30 seconds to check

Write off unsecured debt

Freeze interest and charges

Stop being hassled and pressured

How does it work?

If you’re struggling with unaffordable debt you could be eligible to write off part of what you owe. UK residents have a right to debt relief and there are a number of tried and tested debt solutions that can help not only write off debt but also reduce pressure from creditors and freeze interest and charges.

Debt relief solutions such as an Individual Voluntary Arrangement (IVA) can be a positive way to manage problem debt.

An IVA is a formal debt solution that offers the opportunity to write off up to 81% of unsecured debts such as credit cards, utility bills and payday loans to name just a few.

Benefits of a debt solution

Here's an example of how we can help

Let's say you owe...

Bank Loans£11,152
Short Term Loans£2,226
Phone Bills£302
Credit Cards£2,395
Store Cards£648
Debt Collectors£172
Overdraft£1,408
Total amount owed: £18,303

Customer monthly repayments before and after an IVA.

Reduced by 76%

Monthly payments are based on individual financial circumstances

Types of Debt

Utility Bills

Credit cards

Gambling Debt

Store cards

Payday Loans

Council Tax

You’re not alone – we've helped people manage their debts from big-name businesses.

Frequently Asked Questions

An Individual Voluntary Arrangement (IVA) is a formal debt solution that creates alegally binding agreement between you and the people you owe money to. You may decide to enter an IVA if you’re struggling to repay the total amount of unsecured debt you currently have but can repay some.

Yes, an IVA will have an impact on your credit rating as it will show on your credit report for six years after it has been approved. However, it’s important to note this is the case for most debt solutions and your credit score will likely already have been affected by being in debt in the first place.

Once your IVA is complete you will be offered a fresh start to begin rebuilding your credit rating.

In most cases entering an IVA won’t affect employment. However, in certain professions, such as accountants and solicitors, having an IVA may mean that you can no longer practice or you may only be able to practice under certain conditions.

Once you enter an IVA, creditors can take no further action against you and can’t contact you directly.

An IVA can be a positive way to manage unaffordable unsecured debt and allow you to better manage your monthly finances.

In an IVA a single monthly payment is agreed with your current financial situationtaken into consideration – this payment is then divided between the people you owe money to. During the course of your plan all interest and fees associated with your debts are frozen.

At the end of the IVA the remaining debts are written off and you can begin your debt-free future.

When you’re considering entering an IVA, it’s important to be aware of the following:

  • If you are a homeowner and your property has equity in it, you’ll need to try to re-mortgage which could result in an increased interest rate.
  • Your credit rating will be affected.
  • Only the unsecured debts included in your IVA will be written off at the endof the agreement.
  • Your IVA will be recorded on a public register.

We offer free debt advice tailored to your circumstances. We’ll find out more about your current financial situation and your lifestyle to advise on the best solution for you. Although we offer advice on all debt help solutions available, wespecialise in Individual Voluntary Arrangements (IVAs), Trust Deeds and the Debt Arrangement Scheme (DAS).

All of our initial advice is free; however, fees will apply should you decide to enter into an arrangement. These will be discussed by an expert advisor to makesure you are fully aware of the costs involved.

To find out more about managing your money and getting free advice, visit Money Advice Service, independent service set up to help people manage their money.

* A debt write off amount of between 25% and 75% is realistic, however the debt write off amount for each customer differs depending upon their individual financial circumstances and is subject to the approval of their creditors. The example provided of 81% has been achieved by 10% of our customers in the last 12 months.

Address – Avonlea, Demesne, Lucan, Co Dublin
IP Number – 9287
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Company number 432293

David Rankin, Lucy Griffin, Katy Walker and Tracy Whittaker are authorised in the UK to act as Insolvency Practitioners by the Insolvency Practitioners Association.

This website (https://yourdebtexpert.com) is in no way approved by the Government. However, the product (IVA) which we specialise in and is processed and managed by our Insolvency practitioners is covered under the following legislation: The Insolvency Act of 1986 (amended by the Insolvency Act 2000 and the Enterprise Act 2002) introduced a new procedure whereby a debtor could come to an arrangement with his/her creditors to pay his/her debts in full or in part over time as an alternative to bankruptcy. Our advisors will be able to go through all your debt options including IVA (Individual Voluntary Arrangement) opportunities which are available for people living in England, Wales and Northern Ireland. Help can only be offered following an initial fact-finding process. For full details view our privacy policy. Your Debt Expert is a trading style of Creditfix Limited. An Individual Voluntary Arrangement (‘IVA’) is subject to the customer meeting qualifying criteria and gaining creditor acceptance. Initial advice is free and there is no obligation to proceed into an arrangement. Monthly IVA payments include fees and may differ to the example provided, based on the assessment made of your personal circumstances. These fees will be clearly explained to you in writing by your advisor. Debt write off amounts are subject to creditor acceptance and vary by individual.