Fresh Start Debt Support
If you're searching for "What is an IVA?" — you're likely facing mounting debts, rising bills, or constant pressure from creditors. You're not alone, and there are solutions. An IVA (Individual Voluntary Arrangement) is a legally binding agreement between you and your creditors that helps you reduce your monthly payments, stop interest and charges, and take control of your finances without declaring bankruptcy.
At Fresh Start Debt Support, we help people across the UK understand how IVAs work, who qualifies, and how to apply. This page will explain everything you need to know about IVAs so you can decide if it's the right solution for your situation.
Let’s break it down in plain English — no jargon, no pressure — just facts, support, and practical answers.
Check If I QualifyAn Individual Voluntary Arrangement (IVA) is a formal agreement set up by a qualified insolvency practitioner. Once approved, it allows you to repay your unsecured debts through affordable monthly payments over a fixed period — typically five to six years. At the end of the term, any remaining unsecured debt is legally written off.
Here’s how the process typically works:
Once approved, an IVA becomes legally binding. This means that your creditors can't contact you directly, take you to court, or send bailiffs. It's a powerful form of debt protection for people who qualify.
See If an IVA Is Right for MeAn IVA isn’t suitable for everyone, but many people in the UK meet the basic criteria. You may be eligible if:
IVAs are commonly used for debts such as credit cards, overdrafts, personal loans, store cards, payday loans, and HMRC arrears. However, you can’t usually include mortgages, rent arrears, student loans, or court fines.
If you're unsure whether you qualify, our team can do a quick confidential check. There’s no obligation and it won’t affect your credit score to enquire.
Do I Qualify for an IVA?For the right person, an IVA can be a life-changing solution. Some of the most important benefits include:
Many of our clients say the IVA was their “fresh start” — reducing stress, improving mental health, and allowing them to focus on rebuilding their life.
See If I Qualify for an IVAWhile IVAs are a powerful solution, they’re not perfect for everyone. It’s important to understand the potential downsides before entering into one:
That’s why it’s important to compare all options before deciding. There may be another route that better fits your situation — such as a Debt Management Plan or a Debt Relief Order.
Compare My OptionsThere are several types of debt solutions available in the UK. Here’s how an IVA compares to others:
If you're not sure which route to take, we can assess your case and explain every option clearly and confidentially.
Find the Right Solution for MeAn IVA can help a wide range of people struggling with different types of debt. Here are just a few examples:
Sarah, a single mum from Manchester, had over £18,000 in credit card and council tax arrears. Bailiffs had already visited her home. After contacting us, she was accepted for an IVA and is now paying just £110 per month — with all future legal action stopped.
David was stuck in a payday loan cycle, borrowing just to pay rent. With over £12,000 of debt and increasing interest, he was approved for an IVA which froze all charges and allowed him to keep his tenancy.
A former self-employed builder, James had £29,000 in tax and credit card debt after his company closed during the pandemic. With no income and his home at risk, he contacted us and secured an IVA that protected his property and cleared his debt over 5 years.
If you relate to any of these stories, you may be eligible too.
Start My IVA AssessmentBeing in debt doesn’t just affect your bank balance — it impacts every part of your life. Many clients tell us they suffer from:
One of the biggest benefits of an IVA is peace of mind. Once the arrangement is in place, creditors can no longer contact you or take action. This often brings a huge relief and helps people regain their confidence, rebuild their routine, and focus on a better future.
If debt is harming your wellbeing, you don’t have to face it alone. Support is available today.
Get Confidential IVA SupportFact: In most cases, you can keep your home. If you have equity, you may need to re-mortgage or extend payments — but repossession is very rare in an IVA.
Fact: Many people in full-time jobs or even business owners use IVAs to deal with overwhelming debt.
Fact: IVAs are private. Your employer won't be notified unless your job has a specific financial requirement (e.g. law or accounting).
Fact: Bankruptcy is sometimes the right choice — but it’s not the only one. IVAs let you avoid court, keep your assets, and offer more control.
There’s no shame in getting help. We’re here to answer every question honestly — with no pressure and no judgment.
Ask About My IVA OptionsTo be eligible for an Individual Voluntary Arrangement, you generally need to meet the following criteria:
Each case is different, so even if you don’t tick every box, it’s worth checking. You might also qualify for a Debt Relief Order or Debt Management Plan instead. We can help you decide what’s best.
Check If I’m EligibleOne of the major benefits of an IVA is that it can include most unsecured debts. Examples include:
Secured debts like mortgages and car finance are not usually included, but we can guide you on how to manage those alongside your IVA.
Learn About Catalogue DebtHere’s what to expect when you begin an IVA:
The process is simpler than most people think — and we’ll support you every step of the way. You don’t need to face creditors alone.
Begin My IVA ApplicationYes — entering into an IVA will impact your credit rating. It stays on your credit file for 6 years from the start date and can lower your score in the short term. However:
Many clients find that dealing with their debt is worth the temporary credit impact. It’s a step toward financial freedom.
Learn More About IVAsOnce you’ve completed your IVA payments, your remaining debts are legally written off. You’ll receive a ‘completion certificate’ and you’ll no longer be liable for the debts included in the arrangement.
After your IVA ends:
We can even help you take steps toward rebuilding your credit, so you can look forward to a better financial future with confidence.
Start My IVA JourneyLet’s clear up some common misconceptions that stop people from getting help:
Still unsure? View more IVA FAQs or ask us directly.
Speak to a SpecialistWe always aim to be honest and transparent. Here’s a quick summary of the pros and cons of an IVA:
We’ll explain everything fully before you choose. The aim is to empower you — not pressure you.
Compare IVAs vs DMPs & DROsYes, if you can afford a small monthly payment. If your income is very low, you may be better suited to a Debt Relief Order (DRO).
Most unsecured debts including credit cards, loans, payday lenders, council tax, utility arrears, and HMRC debts. Mortgages and secured loans are not included.
No — it’s not a loan. It’s a legally binding agreement to pay back what you can afford, with the rest written off at the end.
No. Once your IVA is approved, enforcement action like bailiff visits must legally stop.
Some IVAs can be arranged in just a few days, depending on how quickly we receive your information.
Get IVA Help NowIf you've made it this far, it's time to take the first real step toward a debt-free life. An IVA could be your turning point — and we're here to guide you every step of the way.
Click below to get confidential, no-obligation help:
Check If I Qualify