IVA Advice

Think you might need an IVA but don't know if it's right for you? If you're worried about mounting debts then read our simple IVA guide below.

IVA Advice

Essential Finance understands the serious debt problems many British people are now facing as a direct result of the global economic recession - especially as redundancies rise and the banks offer fewer loans. We have the expertise and experience to help with practical debt solution advice. Can we help you?

An IVA (Individual Voluntary Arrangement) is a debt repayment scheme negotiated with your creditors, which can protect your assets, whilst freezing or even writing off a large portion of your debt. Call Essential Finance now on 0800 011 4634 to hear more about IVAs, and discover whether they offer the right debt management solution for you.

IVA Advice

Do you have a large number of small debts and are finding it difficult to keep track of them? Are you struggling to prioritise - can't decide which bills to pay first - your credit cards, rent, utility bills?

Allowing your debt problems to get out of control puts your assets at serious risk. It's possible that you could lose your car, or even your home.

Setting up an IVA could offer a sensible solution to managing your debt problems and offer an alternative to Bankruptcy.

So what is an IVA?

An IVA is a legally binding agreement to help you clear your debts with one monthly payment. Your personal circumstances will determine the cost of your expenses. The typical duration of an IVA is five years.

Are you eligible for an IVA?

  • You will have to prove that you genuinely can not pay for all of your mounting debts.
  • You will need to be in debt to three or more creditors.
  • You must owe at least £15,000 to qualify for an IVA.
  • You or your partner must have a regular income.

Do these requirements sound like you and your situation?

If you think an IVA could be the right kind of debt management solution for you and you would like to learn more about the conditions of setting one up, or if you simply have some questions relating to IVA's you want answered - please give us a call on 0800 011 4634. We can give you professional advice and help you start managing your debts before it's too late.

Find out more about IVA's here - IVA - A Closer Look

Other ways of managing your debts:

IVA Advice / Application - Call Us:


Our team of IVA experts are waiting to take your call and answer any questions you may have. Theres no obligation so call now on 0800 011 4634

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