IVA Example
Example of how an IVA can help with your debt problems.

How your finances may look...
1 Unsecured Loan £13,000
2 Credit Card £7,000
3 Store Card £5,000
(60 monthly payments)
(Total repayment)
(Debt written off)

IVA Calculator

See how much debt you could write-off with an IVA

My total debt
Total number of creditors
Monthly amount I can afford to pay
Do you own your home?
  • Yes
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This IVA Calculator and IVA Helpline is provided by Vincent Bond & Co Ltd.


This IVA calculator is approximate and should only be used as a guide. Please seek professional information before making a decision on how to best deal with your debt situation. Please read this important information.

Important Information:

Iva.com does not charge you any fees for use of this site or the IVA Calculator. IVA.com is owned and operated by Vincent Bond Ltd. Vincent Bond Ltd does not charge any set up fees, management fees are applicable for some debt solutions. Please refer to the vincentbond.com website (link) for more information regarding services and fees.

Before entering into any debt solution you should ensure that you have considered the implications. Failure to keep up with repayments can result in bankruptcy or legal action. Lenders are not obliged to accept less in settlement of a debt than they are entitled to or to freeze interest or charges. Not all solutions involve debt write off and some solutions may result in the total amount payable increasing, or the period over which it is to be repaid increasing. Debt solutions will affect your credit rating which records all financial activity for 6 years.

The debt solutions depend on your criteria and circumstances; including how much you owe and how many creditors you owe money to. You need to speak to a debt advisor to obtain a full assessment.

Debt Statistics

209 people a day are declared insolvent or bankrupt.
(Source: themoneycharity.org.uk)
£28,556 Average debt of each adult in the UK
(Source: themoneycharity.org.uk)
2,330 CCJs are issued every day
2,211 Insolvency Cases handled by us in 2014
9.7/10 How our customers rated us on TrustPilot

To find out more about managing your money and getting free advice, visit Money Advice Service, an independent service set up to help people manage their money.

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Top IVA Questions

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Monitor Negotiation

You can monitor the status of our negotiation - reducing interest and charges is not guaranteed but any reduction means you will pay off your debt sooner.

We have the solution for you


  • An IVA or Individual Voluntary Arrangement is a legally binding agreement with Creditors.
  • It allows someone who is in financial difficulty to make a formal proposal to settle their debts within a reasonable and fixed period of time - normally 5 years, though this can vary depending on your situation.
  • Monthly repayments are based on what you can afford to pay.
  • After the agreed payment period, any outstanding debt will be legally written off by your creditors.
Read more


  • A DMP or Debt Management Plan is an informal agreement with your creditors to make reduced affordable monthly payments.
  • It is based on a realistic budget that allows you to pay all your priority bills and normal living expenses and pay what is left to your creditors.
  • Though not obliged to and not guaranteed, most creditors will agree to reduce or freeze interest so that the money you pay reduces your debt more quickly.
Read more
  • Bankruptcy is normally seen as a last resort after all other options for repaying debt have been exhausted. If you are declared bankrupt,you will no longer have to repay your creditors yourself and the court will protect you from any further legal action from your creditors.
  • However there are consequences which may mean that an alternative solution should be considered, depending on your situation. It is important to understand how a Bankruptcy would effect you before proceeding.
Read more
  • This solution is only available to those people living in Scotland. It is similar to the IVA that is available in England and Wales but they are not the same. It is sometimes referred to as a PTD (Protected Trust Deed).
  • A Protected Trust Deed (Scotland) is a legally binding solution. A proposal is put to your creditors on your behalf by a licensed insolvency practitioner (IP). The proposal is an agreement by you to make an affordable monthly payment towards your debt for typically 4 years. In return you will only repay what you can afford. Any remaining debt will be cleared at the end of the solution, as long as you comply with the terms and conditions of the debt solution.
Read more
  • Debt Consolidation through remortgaging, secured loans or unsecured loans can work, HOWEVER this must be based on affordability once you have clearly established your budget.
  • Debt Relief Order (DRO) - For those who may be considering Bankruptcy but are unsure than afford the fees involved, you may qualify for a DRO which Vincent Bond can explain further to you.
  • DIY - You may also wish to manage an informal payment plan yourself, making reduced offers and negotiating with creditors instead of using a company to do it for you.

Credible and professional


DEMSA/TSI Approval

We are proud members of DEMSA whose code of conduct is approved by the Trading Standards Institute.

DMP Protocol Compliant

Vincent Bond is a protocol-compliant debt management company. This status was approved by The Insolvency Service.

® Company Registration Number: 6391514

® FCA Interim Permission Number: 610257

Vincent Bond & Co Ltd is Authorised and regulated by the Financial Conduct Authority.
Further Information

The Insolvency Service guide to dealing with creditors for those struggling with debt: In debt - dealing with your creditors.

To find out more about managing your money and getting free debt advice, visit Money Advice Service, an independent service set up to help people manage their money.

For FAQs on IVAs: click here
For FAQs on DMPs: click here
For FAQs on Bankruptcy: click here

iva.com is a trading name of Vincent Bond & Co Ltd.
Company Registration: 6391514 | FCA Interim Permisssion: 610257
Vincent Bond & Co Ltd is Authorised and regulated by the Financial Conduct Authority.

Key information - Our service and our fees

IVA.com is a trading name of Vincent Bond & Co Ltd. We can advise you on all possible solutions to ensure you are able to make an informed choice. We are able to provide initial advice over the phone without charge, however, if a debt solution is taken out, please be aware that fees will be charged. To view our terms and conditions and for further information on fees, please click here

For all solutions, stopping payments to your creditors may place you into further arrears and it is likely that your ability to get credit will be affected. For debt management plans we cannot guarantee a reduction in interest or charges and repaying your debt over a longer period of time can increase the total amount to be repaid. In compliance with Distance Selling Regulations you have a 14 day cooling off period in which to cancel your plan. Calls to our free phone number may be charged from mobiles and other networks.

To view an worked example of an IVA click here.

To view our complaints policy click here.

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