By submitting this form I consent to be contacted by UK Debt Service by phone, SMS, WhatsApp and email in connection with this enquiry, any future relevant services or products and all subsequent work as stated in the privacy policy.
IVA Calculator - Check If You Qualify For an IVA
Answer a few quick questions to see if an IVA could help you write off unaffordable debt.
Free debt counselling, debt adjusting and providing of credit information services is available. You can find out more by contacting Money Helper.
Benefits of an IVA
One realistic & affordable payment over a set period of time
After successful completion of your IVA unaffordable debt is written off
Protected Legally - After your IVA has been approved, no further action can be taken by creditors & all interest & charges are frozen
The fees charged are taken from the affordable monthly payment you make over the agreed term of the IVA.
Interest and charges will stop
Support from a fully qualified team, who can help you through the journey.
Considerations
Creditors don't have to agree to an IVA proposal so it's not guaranteed
It affects your credit file for six years.
Your information will be held on the public insolvency register
There are costs involved with an IVA, which are outlined in our “Fees & Key information” section. However, costs are deducted from the contributions you make. These will be fully explained to you and detailed fully in your IVA proposal.
No further credit will be able to be obtained during your IVA term
If you own a property/properties you may be asked to release any equity in them
If your IVA fails, it may result in Bankruptcy.
If you earn additional income then a percentage of this may need to be paid into the IVA.
Benefits of an IVA
One realistic & affordable payment over a set period of time
After successful completion of your IVA unaffordable debt is written off
Protected Legally - After your IVA has been approved, no further action can be taken by creditors & all interest & charges are frozen
The fees charged are taken from the affordable monthly payment you make over the agreed term of the IVA.
Interest and charges will stop
Support from a fully qualified team, who can help you through the journey.
Considerations
Creditors don't have to agree to an IVA proposal so it's not guaranteed
It affects your credit file for six years.
Your information will be held on the public insolvency register
There are costs involved with an IVA, which are outlined in our “Fees & Key information” section. However, costs are deducted from the contributions you make. These will be fully explained to you and detailed fully in your IVA proposal.
No further credit will be able to be obtained during your IVA term
If you own a property/properties you may be asked to release any equity in them
If your IVA fails, it may result in Bankruptcy.
If you earn additional income then a percentage of this may need to be paid into the IVA.
Free debt counselling, debt adjusting and providing of credit information services is available. You can find out more by contacting Money Helper.
uk-debtservice.co.uk is managed by UK Insolvency Services Ltd registered in England & Wales No. 11807182. ICO Reference: ZB642653. Address 1 City Approach, Albert Street, Eccles, Manchester M30 0BL.
Guy Withey is authorised in the UK to act as an Insolvency Practitioner by the Insolvency Practitioners Association.
Your enquiry will be processed by one of our panel of trusted 3rd party companies. These companies have in-house advisors who will go through all appropriate debt options, products and solutions available to help gain the best outcome for your individual circumstances. Our panel of 3rd party providers are fully regulated in the UK by either the Financial Conduct Authority (FCA), Insolvency Practitioners Association (IPA) or the Institute of Chartered Accountants in England and Wales (ICAEW) and cover all solutions for England, Wales, Northern Ireland and Scotland. All providers are listed on our Privacy Policy.
All financial solutions are subject to eligibility and acceptance and depending on your chosen solution, fees may be charged by the service provider.
© 2026 UK Debt Service. All Rights Reserved.
Fees & Key Information | Cookies & Privacy Policy | Complaints | Insolvency Service Guide
Call now on
0161 768 3157
How does an IVA work?
1
We review your situation
Your income, debts and living costs are assessed to find a realistic monthly payment you can afford.
We refer you to a licensed IP
We connect you with one of our trusted Insolvency Practitioners who prepares your formal IVA proposal.
Creditors vote on your proposal
If accepted, all interest and charges are frozen immediately and creditors stop contacting you.
60 months later — debts cleared
After completing your payments over 60 months, all remaining unsecured debt is legally written off.
2
3
4
IVA fees & costs
All fees are included within your monthly payment — no upfront charges, no surprises
Nominee & Disbursement Fee
Supervisor Fee
Total fees
£1,900
£1,750
£3,650
✓ Fees built into your monthly payment
✓ Agreed with creditors upfront
What is an IVA?
Reduce your monthly payments & overcome problem debts in an IVA
An IVA is a legally binding arrangement with your creditors to pay all or part of your debts, governed by Part VIII of The Insolvency Act 1986. It consolidates all eligible debts into one affordable monthly payment, agreed between you and your creditors through a licensed Insolvency Practitioner.
Is an IVA right for you?
The full picture — benefits and considerations of an IVA
We help people overcome problem debts with leading creditors in the UK
Council Tax Arrears & HMRC debt
Benefit Overpayments
Loans & Overdrafts
County Court Judgements
CCJ
Gas, electric & rent arrears
Credit cards, store cards & catalogues
Debts we can help with
We can help you with the debts below and many more
Proud members & partners
What is an IVA?
Reduce your monthly payments & overcome problem debts in an IVA
An IVA is a legally binding arrangement with your creditors to pay all or part of your debts, governed by Part VIII of The Insolvency Act 1986. It consolidates all eligible debts into one affordable monthly payment, agreed between you and your creditors through a licensed Insolvency Practitioner.
How does an IVA work?
1
We review your situation
Your income, debts and living costs are assessed to find a realistic monthly payment you can afford.
We refer you to a licensed IP
We connect you with one of our trusted Insolvency Practitioners who prepares your formal IVA proposal.
Creditors vote on your proposal
If accepted, all interest and charges are frozen immediately and creditors stop contacting you.
60 months later — debts cleared
After completing your payments over 60 months, all remaining unsecured debt is legally written off.
2
3
4
IVA fees & costs
All fees are included within your monthly payment — no upfront charges, no surprises
Nominee & Disbursement Fee
Supervisor Fee
Total fees
£1,900
£1,750
£3,650
✓ Fees built into your monthly payment
✓ Agreed with creditors upfront
Is an IVA right for you?
The full picture — benefits and considerations of an IVA
"They helped us immensely — thoroughly would absolutely recommend them."
"They helped us immensely — thoroughly would absolutely recommend them."
Gas, electric & rent arrears
Credit cards, store cards & catalogues
Council Tax Arrears & HMRC debt
Benefit Overpayments
Loans & Overdrafts
County Court Judgements
CCJ
Debts we can help with
We can help you with the debts below and many more
We help people overcome problem debts with leading creditors in the UK
This calculator is a free, no-obligation estimation tool. Using it does not constitute an application or create any obligation on your part. Estimates only. Without IVA figures assume 29.9% APR compounding monthly. IVA interest and charges are frozen upon approval. Actual results depend on individual circumstances and creditor approval. An IVA affects your credit file for 6 years. Minimum £7,000 unsecured debt owed to 2+ creditors required.
IVA Calculator
See what an IVA could mean for you personally
Adjust the sliders to your situation and see the difference an IVA could make to your finances.
This calculator is a free, no-obligation estimation tool. Using it does not constitute an application or create any obligation on your part. Estimates only. Without IVA figures assume 29.9% APR compounding monthly. IVA interest and charges are frozen upon approval. Actual results depend on individual circumstances and creditor approval. An IVA affects your credit file for 6 years. Minimum £7,000 unsecured debt owed to 2+ creditors required.