We use cookies to give you the best online experience. By using our website you agree to our cookie policy.
Learn more here.

Individual Voluntary Arrangement (IVA)


Money Advice Service

123 Debt Solutions no longer offers debt advice. To receive the same high quality assistance with your debts and to speak with an experienced advisor please call 0151 252 0111 or click here and an agent from Pareto Money Limited will get in touch.

Pareto Money Limited is authorised and regulated by the Financial Conduct Authority (FCA) to offer debt counselling services. Their FCA licence number is 792912.

The Money Advice Service also provides free debt counselling, debt adjustment and credit information services. Visit the Money Advice Service here.

IVA stands for Individual Voluntary Arrangement.

An IVA is an official debt repayment plan that in most cases includes the freezing of interest, reduction in the total amount of debt owing, and legal protection from creditors as long as the terms of the IVA are adhered to.

For further information please complete the form below and an agent from Pareto Money will contact you.

* = required

Find the best solution

Your Details
Title: *
Forename: *
Surname: *
Contact Number: *
Mobile: *
Email Address: *
Please provide a valid email address
Financial Details
Total Unsecured Debt: *
Number of Creditors: *
Monthly Income: *
Monthly Expenditure: *
Employment Status: *
Marital Status: *
Number of Children: *
Homeowner: *
Estimated Property Value: *
Outstanding on Mortgage: *
Current Living Status: *
Please complete all the highlighted fields

All IVA's offered by Pareto Money Management Ltd. will be administered by Pareto Money Management Ltd or a trusted third party.

Pareto Money Management Ltd is authorised by the Insolvency Practitioners Association and is a member of the Association of Business Recovery Professionals, known as R3.

IVA points:

Payments are normally made over a 5 year period, following which the remainder of your debt (up to 60%) is written off. You must have a minimum debt of £15,000 to apply.

An Individual Voluntary Arrangement (IVA) is an agreement with your creditors to make a single reduced payment each month. This lasts for an agreed period of time (usually 5 years).

Once agreed, creditors are not allowed to add interest or charges to your accounts by law. The agreement is fixed meaning that creditors cannot randomly demand changes to it.

IVA Example

Here is an example of how an IVA can help you with your debt problems.

Unsecured Loan: £12,000
Credit Card: £8,000
Store Card: £4,000
Total owed: £24,000

60 monthly payments: £250

Total repayment: £15,000

Debt written off: 37.5%

IVA repayments vary and what you can afford towards your debts is the main factor.

Full Example