You could write off up to 85% of your unaffordable debt
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Debt Arrangement Scheme

Is an IVA a Bad Idea?

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Why are we asking this question?
By knowing how much debt you owe, we can ensure we are able to offer you the most appropriate debt solution for your needs. Some debt solutions, like an IVA, require you to owe more than £5,000.

Whether an IVA is a good or bad idea is largely dependent on your financial circumstances. Of course, every debt solution is going to have its advantages and disadvantages. These need to be considered and weighed up so that you can make an informed choice.

In order to find out about the benefits and and potential consequences of an IVA, take a look at our IVA Pros and Cons page.

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