HomeDealing with Debt on Little to No Income: A Money Advice Helpline Guide for the UKLow Income Debt Help

Tag: Low Income Debt Help

IVA

DMP

Bankruptcy

Debt Relief Order

New Customer

Privacy Policy

Terms and Conditions

IVA Calculator

Fees

About An IVA

Breathing Space

Latest News & Blogs

Want to speak to us?

0808 196 7886

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

Registered Address: Amy Johnson Way, York YO30 4AG.

All enquiries will be solely handled by Money Advice Helpline. For more information please visit our Privacy Policy.

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.

Calls are recorded for training and quality purposes. Calls to 0808 numbers from mobiles and landlines are charged at a local rate. Please check with your network provider for details on your call package.

© 2024  Money Advice Helpline. All rights reserved.