Thousands of people become debt free with an IVA every year
Find out if you qualify to write off up to
80% of your debts
Debt write off up to 80%- Freeze your interest & charges
- One affordable monthly payment
- Debt write off up to 80%
- Freeze your interest & charges
- One affordable monthly payment
What is an IVA?
An IVA is a debt solution that can help to write off your debts. It allows you to repay part of what you owe over a typical period of five years. At the end of the term you could write off up to 80% of your debts.
The payments are made based on your income and outgoings that means the payments will be affordable throughout. You will not need to sell your home, and your lenders will no longer be able to contact you for payments.
Do i qualifyPlease note entering into an IVA will affect your credit rating for 72 months
Some of the things the lenders will have to abide by are the following:
To write off any debt included in the IVA at the end of the term- They must freeze the interest and charges on any debt
- They should stop contacting you for payments
For more help and advice, visit the Money Advice Service, an independent service set up to help people manage their money. Or find out more about the different options for paying off your debt here.
Make sense of your money
with your free report
Make sense of your money with your free report
- Find out if you qualify for an IVA
- Understand where your money goes each month
- Let us help you take control of your finances
An IVA typically lasts for five years and the end of the term, debts included are completely written off, as this is an insolvency solution there maybe somethings you want to consider:
Your lenders are not obliged to accept the IVA- If the IVA fails, it could lead to bankruptcy
- There will be a restriction on expenditure whilst on the IVA
- You will be placed on the public insolvency register
- Your credit rating is affected for 6 years
- In the final year of the IVA, if you are a homeowner, you may be required to remortgage your home. If successful, the terms of the new mortgage may be less favourable. If you can't remortgage, the term of the IVA will be extended by 12 months
Fees are payable if ongoing services are provided, read more here.
Used in the right circumstances, IVAs are a very effective way of helping you to take back control of your finances. Once accepted lenders legally cannot contact you and your payments will be reduced to an affordable level.
Our advisors offer free, clear and confidential debt help and simply speaking to them will not impact your credit rating. They can help to see if you qualify for up to 80% debt write off.
Get Debt FreeAn IVA typically lasts for five years and the end of the term, debts included are completely written off, as this is an insolvency solution there maybe somethings you want to consider:
- Your lenders are not obliged to accept the IVA
- If the IVA fails, it could lead to bankruptcy
- There will be a restriction on expenditure whilst on the IVA
- You will be placed on the public insolvency register
- Your credit rating is affected for 6 years
- In the final year of the IVA, if you are a homeowner, you may be required to remortgage your home. If successful, the terms of the new mortgage may be less favourable. If you can't remortgage, the term of the IVA will be extended by 12 months
Fees are payable if ongoing services are provided, read more here.
3 Easy steps to start your debt free journey
3 Easy steps to start your debt free journey
Step 1
Answer a few online questions and talk to our expert advisors about how to become debt free.
Step 2
We’ll set everything up so you can start to make one affordable monthly payment.
Step 3
With help from us along the way, continue to climb until you reach your debt free destination.
Find out if you qualify to write off up to 80% of your debts
Get Debt FreeTypical example of an IVA
These figures are based on the averages across all IVAs arranged for customers in 2017 with an average debt level of £33,080. Through the recommendation of an IVA their payments were made more affordable.
£717per month
Old monthly
payment
£540per month
Saving
£177
per month
New monthly
payment
68%of debt
Written off
IVAs are subject to acceptance we may suggest alternative solutions depending on your individual circumstances. IVAs are not available in Scotland. Fees Payable.
What separates us from the rest
What separates us from the rest
-
Experience
Over 15 years we’ve helped thousands of people
get debt free -
Highly rated
On the independent review website Feefo, we are
rated 4.9 out of 5 stars. -
In it together
You’ll get your own Relationship Manager dedicated
to helping you through your IVA from start to finish.
Get Started
Over 50,000 people every year become
debt free with an IVA
Recent Customer Feedback
Brilliant advice don't know why I didn't think of it
They gave me advice and I don't know why I didn't think of it I guess you just need someone else to point out the obvious. Couldnt rate them any higher my mind is clear now on what to do. Thank you again. I have already put your advice into practice.
Mrs Victoria Taylor
Totally worth while. Very understanding. Expect a huge...
The experience I receive was amazing, I truely felt like I was speaking to a friend, someone really understanding of my situation like they’d been through it all with me. Helen Smith was great, helped me through everything and made me feel at ease.
Mr Andrew Guneratne
Good service
Nice polite people on the phone, didnt judge me or make me feel bad about myself. Very helpful and explained things very clearly to me so i thoughly understood.
Debra Dunkling
Brilliant advice don't know why I didn't think of it
They gave me advice and I don't know why I didn't think of it I guess you just need someone else to point out the obvious. Couldent rate them any higher my mind is clear now on what to do. Thank you again. I have already put your advice into practice.
Mrs Victoria Taylor
Great customer service
Very helpful & efficient service with great communication. It made the whole situation a lot more stress free!!!
Suzanne Ollier
Excellent
Taken a huge weight off my mind
Miss Jacqueline Balmer
Best company
Nicest bunch of people you will ever talk to. Couldn't recommend them more
Reece Tuppen
Massive help to me
Very helpful and answered all of my questions. Was very unsure about what to do and they gave really good advise to help me along the way
Mr Mitchell Hollis
Very pleased!
So friendly during a very stressful time. Great experience!
Trusted Customer
* This is based on 3,209 Freeman Jones customers between 30.11.17 – 1.12.18 with an IVA term of 5 years. Please note, if your circumstances change, your payments will be updated to reflect this. The write off figure shown is once fees have been taken as these are paid as part of your monthly payments.