Please find your results below, but ensure that you also read the following information which outlines the advantages and disadvantages of an IVA highlighting the issues you should consider.

An IVA is just one of the debt solutions available. You should consider all the options available to you. We will contact you on the details you have provided to discuss your IVA enquiry and the pros and cons of all debt solutions available to you.

These calculator results do not constitute debt advice and are an illustration only based on the information you have provided – the following should be noted:

1. The illustration is based on the information you provided being correct.
2. The illustration is based upon your circumstances remaining consistent throughout the IVA.
3. The illustration’s monthly payments include all IVA fees.
4. The illustration is based on a 5 year IVA, but in some circumstances the IVA can be extended to 6 years.
5. Your monthly payment has to be verified by completing an income and expenditure exercise to ensure you are paying as much as you can reasonably afford.
6. The illustration does not include provision for equity in a property. Homeowners may have to release equity from their property by a remortgage or by extending the term of the IVA by 12 months.
7. Monthly IVA payments, debt write off amounts and debt repayment totals in this illustration are specific to each customer as these are based upon several factors including disposable income and affordability, and are subject to:
   • Creditor approval
   • The customer meeting all requirements throughout the arrangement
   • Successful IVA completion.
8. There are other solutions which may better suit your situation including an informal debt management plan, bankruptcy, debt relief order or consolidation. We can discuss all these with you.