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

Can I keep using my credit card whilst on an IVA?

In the majority of IVAs, using further credit is not allowed. There are some circumstances in which this could change, however. Read article

Can I keep my home if I enter an IVA?

An IVA could affect your mortgage, but you should be able to stay in your home. Read article

Is an IVA a good way to deal with payday loan debt?

IVAs are designed to tackle unmanageable unsecured debts - which can include payday loans. Read article

Can I rent a house whilst on an IVA?

An IVA can only include unsecured debts - but it could help you keep on top of your rent payments too. Read article

How does an IVA affect my mortgage?

If you're a homeowner thinking of entering an IVA, there are a few important things you'll need to consider. Read article

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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.