Get Out of Debt Fast with Our Expert Solutions
Struggling with debt? Our IVA specialists help you reduce debt by up to 80% and become debt-free in 5 years. Take the first step today.
What is an Individual Voluntary
Arrangement (IVA)?
An IVA is a legally binding agreement between you and your creditors that allows you to pay back what you can afford over a fixed period, typically 5 years. It’s a formal alternative to bankruptcy that can help you regain control of your finances.
Debt Reduction
Reduce your total debt by up to 80% and make one affordable monthly payment
Legal Protection
Stop creditor harassment and legal action once your IVA is approved
Fixed Timeline
Complete your IVA in 5 years and become completely debt-free
About Us
Your Trusted Debts Management Team
A Trusted Debts Management Team offers reliable, confidential, and professional support to individuals and businesses struggling with debt. With expert knowledge of financial laws and tailored repayment strategies, they work to reduce stress, negotiate with creditors, and help clients regain control of their financial future. Their commitment to transparency, empathy, and results makes them a dependable partner in achieving financial freedom.
- 100% Satisfaction Guarantee
- 20+ Years in Industry
- Highly Experts Team
- Deliver in Time
Trusted by Thousands of UK Families
Our proven track record speaks for itself – real results for real people
£25M+
Debt Reduced
Total debt eliminated for our clients
10,000+
Happy Clients
Families we’ve helped achieve freedom
95%
Success Rate
IVA applications approved
.
5 Years
Average Timeline
To complete debt freedom
.
About Settle My Debts
We are the UK’s leading debt solution experts, helping thousands of individuals and families regain financial freedom through professionally managed IVAs and debt management plans.
Settlemydebts is a referral service and works in partnership with licensed Insolvency Practitioners.
We do not administer IVAs directly. All formal solutions are provided through authorised IPs
regulated by the Insolvency Practitioners Association or equivalent bodies.
Professional Service
Licensed financial experts
Legal Protection
Creditor harassment stops
Personal Support
Dedicated case managers
Compassionate Care
Understanding and empathy
Our Debt Solutions
Choose the right debt solution for your financial situation
Debt Management Plan
A structured plan to consolidate your debts into one manageable monthly payment. Our expert advisors work with your creditors to reduce interest rates and create a realistic repayment schedule.
Reduced monthly payments
Lower interest rates
Stop creditor harassment
Professional debt management
Bankruptcy Advice
Expert guidance on bankruptcy procedures and alternatives. Our qualified advisors help you understand your options and guide you through the legal process if bankruptcy is the right choice for your situation.
Free consultation
Legal guidance
Alternative solutions
Professional support
What Our Clients Say
Real stories from people who found financial freedom
Settle My Debts helped me get out of a £80,000 debt crisis. Their IVA plan reduced my monthly payments by 60% and I’m now debt-free in just 3 years. Highly recommended!”
James Smith
London
“I was drowning in credit card debt. The team at Settle My Debts was compassionate and professional. They negotiated with my creditors and saved me from bankruptcy.”
Sarah Johnson
Manchester
The debt management plan was a lifesaver. What seemed impossible became manageable with their expert guidance. I can sleep peacefully now.”
Michael Brown
Birmingham
Frequently Asked Questions?
IVA (Individual Voluntary Arrangement) in the UK with some commonly asked questions and concise answers:
1. What is an IVA (Individual Voluntary Arrangement)?
An IVA is a legally binding agreement between you and your creditors to repay a portion of your debts over a fixed period (usually 5–6 years). After this period, any remaining unsecured debt is typically written off.
2. Who is eligible for an IVA?
You may qualify for an IVA if you have over £6,000 in unsecured debt, owe money to two or more creditors, and can afford regular monthly payments. A licensed insolvency practitioner must assess your financial situation.
3. Will an IVA affect my credit score?
Yes, an IVA will appear on your credit file for six years from the date it starts. It can make obtaining credit more difficult during and shortly after the IVA period.
4. What types of debt can be included in an IVA?
Most unsecured debts like credit cards, personal loans, overdrafts, and payday loans can be included. Secured debts, student loans, court fines, and child maintenance arrears are usually excluded.
5. Do creditors have to accept the IVA?
Yes, for an IVA to be approved, at least 75% (by value) of the creditors who vote must agree to the proposal. Once approved, all creditors must comply—even those who voted against it.
6. Can I keep my home and car with an IVA?
In most cases, you can keep your home and vehicle, especially if they’re necessary for work or family. However, you may be asked to release equity in your home or downgrade a high-value car.
7. What happens if my financial situation changes during the IVA?
If your income drops or your circumstances change, your insolvency practitioner can help you review and possibly adjust your payment plan. Communication is essential to keep the IVA on track.
Services Areas
Home services” is a broad term that encompasses various services related to the maintenance, improvement, and well-being of a household.
Locations We Serve:
We assist individuals with IVA solutions across Manchester, England, London .No matter where you’re based, our expert team is here to help you regain control of your finances.
