IVA Advice Centre

Surviving Christmas on an IVA

We know it can be stressful wondering where you're going to find the money for all that eating, drinking and making merry. But living on an IVA doesn't have to mean Christmas is cancelled. Read article

Does my bank have the 'right to offset' during an IVA?

Your bank account provider could enforce their right to offset during your IVA if you owe money to them. Read article

How flexible is an IVA?

If your financial circumstances change during your IVA, you may need to ask for an IVA variation. Read article

Can I pay into a pension while I'm on an IVA?

You can pay a reasonable amount of your wage into a pension while you're on an IVA with Freeman Jones. Read article

Could I qualify for an IVA if I'm claiming benefits?

If you claim benefits, you could still qualify for an IVA, but if benefits are your only income, there might well be a better alternative. Read article

Can an IVA protect me from bankruptcy?

There are a number of disadvantages to bankruptcy that could be avoided with an IVA. Read article

It's good to know:
  • We negotiate with the UK's major lenders and retailers
  • We pride ourselves on our approach to great customer service
  • Each month 1000s of people are benefiting from our help

To find other sources of free advice visit Money Helper. It's here to listen and give free, impartial, trusted guidance. Based around you and backed by government.

Subject to eligibility and acceptance. Fees Payable. Debt write off applies to unsecured debts only and on completion of an IVA, alternative solutions may be offered. If your IVA fails, it could lead to Bankruptcy. Your ability to obtain credit will be affected for at least 6 years. Homeowners may be required to release the equity in their property.