IVA Debt Help & Advice Specialists.

Applying for an IVA (Individual Voluntary Arrangement) isn’t as complicated as it sounds, but it does need to be set up by a licensed insolvency practice who employs or is owned by an Insolvency Practitioner.

Here’s how it works:

1. Check if you qualify – An IVA is normally an option if you owe more than £7,000 to 2 different lenders
2. Speak to an advisor – An Advice Centre Group advisor will go through your finances, we will look at your income and expenditure with you, go through each one of your creditors,  explain your options, and confirm if an IVA is the best solution.
3. Your proposal is prepared – If you decide to go ahead, the Insolvency Practitioner will put together a proposal. This outlines your debts, income, and what you can realistically afford to pay each month towards your debt, currently advice centre group is writing off upto 75% of debt for there clients, this is based on 12,270 clients upto February 1^st 2025
4. Creditors decide –The majority of the time it is companies you owe money to who will vote on the proposal. If at least 75% of the voting amount agree, your IVA will be approved.
5. Begin your IVA – Once everything is in place, you’ll make one affordable monthly payment, usually for five or six years. After this, any remaining unsecured debt included in the IVA is written off.

The first step is simply applying with Advice Centre Group who can check your eligibility and guide you through the process from start to finish.

Simply Click Our Link On How To Apply For An IVA – APPLY HERE

It is possible to apply for a loan while you are in an IVA, but in practice it’s very difficult. An Individual Voluntary Arrangement (IVA) is designed to help you repay your debts in an affordable way, so taking on new borrowing usually goes against the terms of the agreement.

Here’s what you need to know:

• You must get permission first – If you want to borrow more than £500 during an IVA, you’ll need written approval from your Insolvency Practitioner (IP). Without it, you’d be breaking the terms of your arrangement.

• Your credit rating will be affected – An IVA stays on your credit file for six years from the date it starts. This makes it much harder to get loans, credit cards, or even things like a mobile phone contract.

• Lenders are unlikely to approve – Because an IVA shows you’ve had serious debt problems in the past, most mainstream lenders won’t offer you credit until the IVA has finished and the record has dropped off your credit file.

• After your IVA – Once you’ve completed your IVA, you’ll receive a completion certificate. While the IVA will still appear on your credit file until the six years are up, you can begin rebuilding your credit slowly, and access to loans should gradually improve.

✅ In summary: You technically can apply for a loan with an IVA, but approval is very unlikely unless it’s a small amount and your Insolvency Practitioner agrees. If you’re currently in an IVA, it’s usually best to avoid new borrowing and focus on completing the arrangement so you can start rebuilding your credit afterwards.

It is possible to apply for a mortgage while you’re in an Individual Voluntary Arrangement (IVA), but in reality it’s very difficult. An IVA is a formal debt solution that shows you’ve had serious financial problems, so most mainstream lenders will see it as high risk.

Here are the key things to know:

• During your IVA – Getting a mortgage is highly unlikely. Most high street lenders will not approve a new mortgage while you’re in an IVA. If you do want to borrow, you’ll need written permission from your Insolvency Practitioner (IP), and even then, specialist lenders may charge very high interest rates.

• Credit file impact – An IVA stays on your credit record for six years from the date it begins. This will affect your credit score and make mortgage approval much harder, even after you’ve completed the IVA.

• After your IVA – Once you finish your IVA and receive your completion certificate, you can start rebuilding your credit history. Some specialist mortgage lenders may consider you once your IVA is marked as completed, but interest rates and deposit requirements are usually higher than average.

• When the IVA drops off your file – After six years, the IVA will no longer appear on your credit report. This makes it much easier to get approved for a mortgage on normal terms, especially if you’ve rebuilt your credit in the meantime.

✅ In summary: While you can technically apply for a mortgage with an IVA, it’s very unlikely to be approved by most lenders. Your best chance comes after you’ve completed the IVA, rebuilt your credit, and ideally waited until the IVA has dropped off your credit file

Applying for an Individual Voluntary Arrangement (IVA) online is straightforward, but it still needs to be set up through a licensed Insolvency Practitioner (IP). You can’t complete the process entirely by yourself, but you can start your application online and get help from a debt advisor.

Here’s how it works:

1. Complete a simple online form – Most IVA providers allow you to begin by filling in a quick form with details about your debts, income and household bills.

2. Get a free debt assessment – A debt advisor will review your situation and confirm whether an IVA is the right solution for you, or if another option may be more suitable.

3. Prepare your IVA proposal – If you decide to go ahead, your Insolvency Practitioner will draft a formal proposal that explains your debts, what you can afford to pay, and how your creditors will be repaid.

4. Creditors vote online/through your IP – Your proposal is sent to your creditors electronically. If creditors who hold at least 75% of your debt (by value) agree, your IVA is approved.

5. Start making payments – Once approved, you’ll make one affordable monthly payment, usually for 5–6 years, directly to your IP who distributes it to your creditors. At the end of the IVA, remaining unsecured debts included in the arrangement are written off.

✅ In summary: You can start the IVA application process online by filling in a debt form and speaking with an advisor. The official IVA setup is handled by a licensed Insolvency Practitioner, but applying online is often the easiest way to begin.

Will I Lose My House if I Get an IVA?

One of the biggest worries for people considering an Individual Voluntary Arrangement (IVA) is what will happen to their home. The good news is that, in most cases, you will not lose your house just because you enter into an IVA.

Here’s how it usually works:

• You keep making your mortgage payments – An IVA deals with unsecured debts like credit cards, loans and overdrafts. Your mortgage is a secured debt, which means you must continue paying it separately. As long as you keep up with your mortgage payments, your lender won’t repossess your home.

• Your home is protected – The whole point of an IVA is to help you repay your debts while keeping important assets like your home. Unlike bankruptcy, an IVA is designed so that you don’t automatically risk losing your property.

✅ In summary: You won’t lose your house if you get an IVA, as long as you keep up with your mortgage payments. Depending on your equity you may be asked to do a longer IVA over 6 years instead of 5 

For most people, having an Individual Voluntary Arrangement (IVA) will not stop you from getting a job. An IVA is designed to help you manage debt, and in the majority of careers it won’t affect your employment at all. However, there are some exceptions you should be aware of.

Jobs that are usually not affected

Most employers in sectors like retail, hospitality, healthcare, construction, education and general office work will not check for an IVA. Even if they did, an IVA isn’t normally a reason to reject someone.

Jobs that may be restricted

Some professional roles have stricter financial rules. You may face restrictions if you work in:

• Financial services – such as banking, insurance or accountancy.

• Legal professions – solicitors or roles where you manage client funds.

• Senior company positions – directors of limited companies, unless you have permission from the court.

In these jobs, having an IVA could either limit what roles you can take or mean you need to disclose your arrangement to your employer or regulator.

Will employers know about your IVA?

An IVA is recorded on the public Insolvency Register and on your credit file for six years. However, most employers don’t search these records unless you’re applying for a role that requires strict financial checks.

✅ In summary: An IVA will not stop most people from getting a job. The only time it may cause restrictions is if you work in financial services, law, or hold certain senior roles where managing money is a key part of the job.

Having an Individual Voluntary Arrangement (IVA) doesn’t stop you from applying for a mobile phone contract, but it can make it more difficult. An IVA shows on your credit file for six years and lowers your credit score, which means some mobile providers may see you as a higher risk.

Here’s what you need to know:

• Credit checks are required – Most phone networks run a credit check when you apply for a contract. If your IVA is still active or showing on your report, you may be declined for certain deals, especially those that include the latest high-value handsets.

• SIM-only contracts are easier – If you’re refused a phone contract with a handset, you may have better luck with a SIM-only deal. These usually involve lower monthly costs and smaller credit checks.

• Pay-as-you-go is always available – If you can’t pass a credit check, you can still get a pay-as-you-go SIM straight away without any financial checks.

• Improving your chances – Once your IVA is complete and as it ages on your credit file, it becomes easier to get accepted. Keeping up with your bills, using a SIM-only plan, and building your credit slowly can help.

✅ In summary: An IVA doesn’t automatically stop you from getting a phone contract, but it may limit your options. SIM-only or pay-as-you-go deals are often the best choice until your credit history improves.