An individual voluntary arrangement (IVA) is a debt solution that lets you pay what you can afford towards your debts each month. There are fees, but they are included in your monthly payments.
StepChange do not charge for debt advice, but some companies do. We will explain how an IVA works and what the fees are if it is the right solution for you.
StepChange Voluntary Arrangements is our IVA subsidiary.
- There is no charge for advice and support before you set up an IVA
- You do not pay fees if you do not go ahead with an IVA
Is an IVA right for you?
IVAs are available in England, Wales and Northern Ireland.
IVAs are arranged by StepChange Voluntary Arrangements, part of StepChange Debt Charity. In Scotland, a protected trust deed is a similar solution. This has different benefits, risks and fees.
Clare Lindley and James O'Carroll of StepChange Voluntary Arrangements are licensed to act as insolvency practitioners in the UK by the Insolvency Practitioners Association.