You could write off up to 85% of your unaffordable debt
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Apply For An IVA

Apply For An IVA

Apply For An IVA

We could write off up to 85% of your unaffordable debt

Table of Contents

How Begin The Application For an IVA

Signing up to a debt solution is a significant event in your life, so it is important to gather as much information as possible, so you can make an informed decision. 

 

Once you feel ready, fill in our form and a member of our team will contact you. Alternatively, call our team on 0800 698 0174.

How to Apply For an IVA

After you have spoken to a member of our team and decided that an IVA is the best option for you, your application will be passed over to an IVA Drafter. At this stage of the process, all of your personal and financial details will be gathered in order to create your IVA Proposal.

 

Your IVA Proposal is a formal document that is sent to your creditors. This gives your creditors a complete picture of your circumstances. 

What Information Will We Need For An IVA?

During the application process, there are several documents that we will request.

We will ask you to provide:
  • Photo ID
  • Rent Agreement or Mortgage Statement
  • Latest 3 Months of wage slips
  • Latest 3 months of bank statements
  • Council Tax and Utility bills
  • HP agreement if appropriate
  • Recent statements from any other creditors you may have.

Which information you are asked for will largely depend on your personal circumstances and as such, the above list is to be used purely as a guide.

 

There will also be a discussion regarding your other living expenses, such as food bills and travel expenses. This allows your IVA Drafter to determine your affordability, ensuring you don’t commit to an IVA that isn’t appropriate for you.

Drafting My IVA Application

Once all of the information has been gathered, your IVA Drafter will then ‘draft’ your IVA. This means that they will raise the legal documentation.

 

The Drafter will check through the information you have provided and will ensure that everything is in order to successfully proceed with your proposal, including making sure that all evidence of your cicumstances are available should your creditors request more details.

 

Creditors will occasionally question any spending that is above government parameters. This means that if your food bill is higher than average, your creditors may require justification for this.

IVA Guides and Information

What is an IVA?

What Is An IVA?

An IVA can be a great, positive way to help with your debt. Allowing you to continue living your life without the stress of being chased by your creditors. Click to find out more about what an IVA is.

IVA Advice

Is An IVA Right For You?

Whether an IVA (Individual Voluntary Arrangement) is right for you or not will largely depend on your personal situation e.g. debt level, number of creditors, affordability etc. Click to find out more.

Student Loan Debt

How Does An IVA Work?

An Individual Voluntary Arrangement (IVA) is a debt solution where you agree with your creditors to pay all or part of your debts. When it is completed, any remaining debts are written off. Take a look at our article to find out more.

What Is An IVA

Which Debts Can Be Included In An IVA?

Many kinds of debts can be included in an IVA. IVAs are limited to unsecured debts but by solving your unsecured debt problems, you may find paying any secured debt much easier.

Apply For An IVA

How Do I Apply For An IVA?

Applying for an IVA (Indivudual Voluntary Arranagement) is a fairly straightforward process. Click the button below and a member of our team will contact you and guide you through the process. 

IVA Pros and Cons

What Are The Pros & Cons Of An IVA?

As with many things in life, there are benefits and consequences we need to consider. Take a look at our Pros and Cons article to find out whether an IVA is right for you

IVA Fees

Does An IVA Have Fees?

Setting up an IVA does incur some costs; however, you will not be expected to pay anything up front at the beginning of the arrangement and there will be no surprise costs at the end of the arrangement.

IVA FAQs

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