Our Latest News & Blogs

Changes to Debt Relief Order Criteria

Changes to Debt Relief Order Criteria

12/03/2024 Debt Relief Order, Debt Solutions

The Debt Relief Order (DRO) is a vital tool for individuals in the UK struggling

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How to Save Money Over the Winter Period

How to Save Money Over the Winter Period

20/09/2023 Budgeting

Winter in the UK can be charming with its frosty mornings, early sunsets, and the

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Pre-Planning for Christmas in the UK: A Guide to Snagging the Best Offers for Presents

Pre-Planning for Christmas in the UK: A Guide to Snagging the Best Offers for Presents

18/09/2023 Budgeting, Food Shopping

The festive season, with its twinkling lights, heartwarming carols, and enticing aromas, is almost upon

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An IVA may not be suitable in all circumstances. Fees may apply, read here. Entering into an IVA will affect your credit rating.

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We specialise in Individual Voluntary Arrangements (IVAs). We provide information about all debt solutions but do not offer advice.

To qualify for debt being written off via an IVA, you must have a minimum of £6,000 of qualifying unsecured debt owed to two or more creditors. A debt write-off amount of around 72% is realistic based on the average figures of clients between January to June 2022. The debt write-off amount for each customer differs depending on their individual circumstances and is subject to approval by their creditors. This amount is also subject to creditors’ approval before an IVA can commence.

Please follow this link if you would like more information about the options for paying off your debts. To learn more about managing your money and getting free debt advice, visit Money Helper, an independent service set up to help people manage their money.

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