Debt Reduction
Reduce your total debt by up to 80% and make one affordable monthly payment.
Helping people across the entire UK
A fresh start is possible
Confidential guidance on IVAs and other debt solutions, built around what you can afford.
Debt Reduction
Legal Protection
Fixed Timeline
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.
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 Debt Management Team
We offer reliable, confidential and professional support to individuals and businesses struggling with debt. With expert knowledge of financial laws and tailored repayment strategies, we reduce stress, negotiate with creditors and help clients regain control of their financial future.
Professional Service
Licensed financial experts
Legal Protection
Creditor harassment stops
Personal Support
Dedicated case managers
Compassionate Care
Understanding and empathy
Schedule an Appointment 20+ Years in Industry
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
Our Services
Our Debt Solutions
Choose the right debt solution for your financial situation.
Individual Voluntary Arrangement
A legally binding agreement with your creditors to repay what you can afford over a fixed period, typically 5 years.
- Up to 80% of debt written off
- One affordable monthly payment
- Interest and charges frozen
- A formal alternative to bankruptcy
Debt Management Plan
A structured plan to consolidate your debts into one manageable monthly payment. Our advisors work with your creditors to reduce interest rates.
- Reduced monthly payments
- Lower interest rates
- Stop creditor harassment
- Professional debt management
Bankruptcy Advice
Expert guidance on bankruptcy procedures and alternatives, so you understand every option before making a decision.
- 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
Common questions about Individual Voluntary Arrangements in the UK.
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.
Who is eligible for an IVA?
You may qualify 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.
Will an IVA affect my credit score?
Yes. An IVA appears on your credit file for six years from the date it starts, and it can make obtaining credit more difficult during and shortly after the IVA period.
What types of debt can be included in an IVA?
Most unsecured debts such as credit cards, personal loans, overdrafts and payday loans. Secured debts, student loans, court fines and child maintenance arrears are usually excluded.
Do creditors have to accept the IVA?
For an IVA to be approved, at least 75% (by value) of the creditors who vote must agree. Once approved, all creditors must comply — even those who voted against it.
Can I keep my home and car with an IVA?
In most cases yes, especially if they are necessary for work or family. However, you may be asked to release equity in your home or downgrade a high-value car.
What happens if my financial situation changes during the IVA?
If your income drops or your circumstances change, your insolvency practitioner can review and possibly adjust your payment plan. Communication is essential to keep the IVA on track.
Locations We Serve
We support people across the entire United Kingdom — England, Scotland, Wales and Northern Ireland. Wherever you live in the UK, our team is here to help you understand your options and regain control of your finances.
- England
- Scotland
- Wales
- Northern Ireland
- London
- Manchester
- Birmingham
- Glasgow
- Cardiff
- Belfast
One Call Does It All — Schedule Your Debt Solution Today
Free, confidential and no obligation. Fill in the form or speak with a debt specialist today.
+0161-802-3050Question 1 of 9
How much debt do you have?
Why are we asking this question?
This helps us understand which debt solutions may be available to you. Include any missed payments, overdrafts and credit cards.