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IVA case examples

Client Name :
Ms W

Total Debts of £15,500

Total monthly repayments before IVA

£470 per month

Total monthly repayments after IVA

£160 per month

Ms W was struggling to pay creditors £470 per month to stay afloat with her debt repayments. She contacted us and we discussed her options. She decided to enter into an IVA. On acceptance of her IVA proposal, her monthly repayments were reduced down to a more affordable £160 per month. After 60 monthly payments and successful completion of her IVA, she will be debt free, having repaid 64% of her debts and writing off the remaining 36%.


Client Name :
Ms H

Total Debts of £19,000

Total monthly repayments before IVA

£560 per month

Total monthly repayments after IVA

£250 per month

Ms H is a single mother who was having difficulty making ends meet. Her creditor minimum monthly repayments totalled £560 per month and she couldn't fulfill the payments. After speaking to us, she decided that an IVA was her best course of action and chose to proceed with that route. Her IVA proposal was accepted and her monthly payments were reduced down to £250 monthly which made her finances much more manageable. She completed her IVA 6 years later and her remaining debt was written off.


Client Name :
Mr M

Total Debts of £33,000

Total monthly repayments before IVA

£920 per month

Total monthly repayments after IVA

£350 per month

Mr M was paying creditors over £920 per month and getting nowhere with getting on top of his debts due to interest and charges. His situation was getting more difficult each month. He looked into doing an IVA and decided that it would be the best thing for him to deal with his spiralling debt problem. His proposal was accepted and his monthly repayments were lowered to £350 per month. 5 years later he successfully completed his IVA, and wrote off £12,000 off his overall debts.


Client Name :
Miss N

Total Debts of £38,000

Total monthly repayments before IVA

£785 per month

Total monthly repayments after IVA

£260 per month

Miss N was struggling to make monthly payments of £785 on approx £38,000 of debt. We reduced this figure to £260 per month in her IVA. In 60 months she will be finished her IVA and be free of her debts. A substantial amount of her debts will be written off on completion.


Client Name :
Mr S & Miss W

Total Debts of £46,000

Total monthly repayments before IVA

£700 per month

Total monthly repayments after IVA

£300 per month

Our clients (a couple) were having difficulty keeping up with their monthly expenses and debt repayments. Together, they were paying more than £700 per month to their creditors. They both entered into IVAs paying creditors £300 per month.

The following year, they proposed to re-mortgage their home and raised £19,000. Their creditors accepted this sum as a full and final settlement towards their debts. A couple of months after this, their IVA was completed. They are now debt free!


Client Name :
Mr S

Total Debts of £59,000

Total monthly repayments before IVA

£1,550 monthly

Total monthly repayments after IVA

£440 per month

Mr S was having problems paying creditors almost £1,550 every month. He contacted us in need of help. After discussing his situation, he decided to progress with an IVA and for 60 months, made reduced monthly payments of £440. The big drop in monthly outgoings helped him to get back on track with his finances. After the 60 months, he completed his IVA and was able to write off a considerable amount of the debt.


Client Name :
Mr and Mrs M

Total Debts of £106,000

Total monthly repayments before IVA

£2,500 monthly

Total monthly repayments after IVA

£350 per month

Mr and Mrs M were unable to meet their debt repayments of £2,500 per month. They were able to do a joint IVA. Their payments commenced at £350 per month.

A year later, they were able to remortgage, surrender endowment policies, and raise just over £47,000. Their creditors accepted this amount as a full and final settlement towards their debt and they completed their IVA.


Client Name :
Mr and Mrs M

Total Debts of £98,484

Total monthly repayments before IVA

£2,000 monthly

Total monthly repayments after IVA

£200 per month for 9 months
then £350 per month

Mr and Mrs G were struggling to keep up with very high debt repayments of £2,000 per month. After discussing their situation with us, they decided an IVA was their best option. They made monthly payments starting at £200 per month. After a period of 9 months the payments will increase to £350 per month for the remainder of the IVA. They have also agreed to introduce a lump sum payment of £20,000 from a remortgage.

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Fees and key info

We are happy to provide you with debt advice only. We only charge a fee if you opt for one of our debt solutions. Fees will depend on which debt solution we provide and what your personal circumstances are. All fees will be discussed prior to commencement of any service or debt repayment plan. Click here to read our fees and key info Please note: From time to time we may refer you to other services providers or charities such as the CAB.

Money Advice Service

You can get free debt advice from the Money Advice Service – an organisation set up by the Government to offer free and impartial advice to those in debt. Click here for more information.