How do I qualify for an IVA?
You must have a minimum of £5,000 worth of eligible debt – by this we mean debt that can be included in an IVA. You must owe at least two creditors and have an available monthly disposable income of at least £70.
A number of debts can be included on an IVA with the exceptions of student loans, court fines, child maintenance arrears and secured debts, although other exclusions may apply.
Other organisations may have slightly different qualifying thresholds to ours (such as higher or lower requirements on disposable income). If you are in any doubt about this we would highly recommend getting in touch or using our call back service to discuss this further. IVAs are not available in Scotland – see our Protected Trust Deeds section, which is suitable for Scottish residents.Continue to the next section Is an IVA right for me?