IVA Impact on Credit Score
Concerned about your credit rating after entering an IVA? This guide explains what to expect and how to take control of your financial future.
April 8, 2025
IVA Success Stories
At the Advice Centre Group, we’ve helped over 11,300 people break free from the burden of debt through Individual Voluntary Arrangements (IVAs). Behind each number is a story a person or family burdened by debt, anxious about the future, and unsure where to turn. We’re proud to say that for thousands, an IVA wasn’t just a solution. It was a lifeline.
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IVA Over the Years
IVA registrations have grown over the last decade, showing that more people are turning to IVAs as a practical solution for debt. The chart below highlights how the number of IVAs has changed from 2014 to 2024.
It’s a reflection of the growing need for accessible debt solutions during uncertain times.
Source: Gov.uk
Debt can happen to anyone. Whether it’s due to redundancy, illness, rising living costs, or unexpected life changes, it often arrives without warning. And when it does, it can feel isolating and overwhelming.
IVAs offer a structured, legally protected path out of debt. They allow individuals to make manageable payments based on what they can afford, often resulting in a significant portion of their debt being written off.
How many people are in a IVA?
According to recent data from the UK Insolvency Service:
- In 2024, there were 67,099 IVAs registered across England and Wales.
- The demand for IVAs has continued to grow steadily over the past decade, reflecting the need for accessible, effective debt solutions.
- The Advice Centre Group is proud to be the 2nd largest IVA provider in the UK in 2024. This achievement reflects our consistent commitment to client care, transparency, and outcomes that change lives.
Real Stories, Real Impact
Here are just a few testimonials from people whose lives have changed because of the IVA we helped set up:
“Absolutely brilliant! The whole process was explained perfectly and I was made to feel at ease throughout. A huge weight has been lifted from my shoulders.”
— Paul.
“From day one I was treated with understanding and respect. I now feel in control of my life again and I can finally breathe.”
— Zoe.
“This company changed my life. I was in so much debt and felt hopeless. They listened, never judged, and helped me find a plan I could manage. Forever grateful.”
— Mike.
(These reviews are taken from our verified Feefo reviews. Name is changed for Privacy)
Why People Trust the Advice Centre Group
There are many IVA providers to choose from, but here’s what makes us stand out:
- We offer tailored solutions for every individual, not generic advice.
- Our team combines deep financial expertise with compassionate care.
- We support you from your first phone call all the way through to the completion of your IVA.
It’s this hands-on, people-first approach that has made us one of the UK’s most trusted IVA providers.
Let’s Start Your Journey to Financial Well-being
You don’t have to face debt alone. Whether you owe £5,000 or £50,000, we can help you explore whether an IVA is the right fit.
Reach out today for a confidential, no-obligation chat. No pressure. Just expert advice, personalised support, and a plan you can believe in.
Because 11,300+ success stories started with a conversation.
Hear From James
Brilliant service
It was great. From the moment I contacted them, they were helpful, understanding and attentive. Jon was brilliant and guided me through every step in a very helpful manner and made sure I fully understood everything. I can’t thank him and the advice group enough.
Name changed for privacy*
Take the first step toward financial peace of mind today
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Learn more about managing your debt:
Debt Relief Order
A Debt Relief Order is a formal debt solution for individuals with low income, minimal assets, and relatively low debt levels.
February 24, 2025
Debt Management Plan – (DMP)
A Debt Management Plan is an informal arrangement between you and your creditors to repay your debts at a rate you can afford.
February 21, 2025
Call us – 0161 768 8403
Email us – Enquiries@advicecentregroup.co.uk
You can visit the Money Helper website to find out more about managing your money and to get free advice, they are an independent service set up to help people manage their money
Advice Centre Group Ltd registered in England and Wales (14322979). Registered office: Second Floor A, Cheadle Place, Cheadle, Cheshire, England, SK8 2JX.
Adam Southard is authorised as a Licensed Insolvency Practitioner in the United Kingdom by the Insolvency Practitioners Association, We only provide advice after completing or receiving an initial fact find where the individual(s) concerned meet the criteria for one of our insolvency solutions, therefore, all advice regarding Individual Voluntary Arrangements (IVA) is given in reasonable contemplation of an insolvency appointment.
Adam Southard is licensed to act as an Insolvency Practitioner in the UK by the Insolvency Practitioners Association. Office Holder No. 11930
Insolvency Practitioner Directory- Insolvency Practitioner Details (bis.gov.uk)
What you need to know about Individual Voluntary Arrangements
(Insolvency Service)
We provide solutions to individuals throughout the UK, We Will help recommend solutions available to your circumstances in which you can then make an informed decision about which solution you qualify for is best for you and your circumstances.