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Consolidation Loan v IVA – Non-Slider

Debt Consolidation Loan: Repay your debts in full along with all additional ongoing interest.

Individual Voluntary Arrangement (IVA): Interest is stopped whilst your repay what you can afford over a period of time after which the remaining debt is written off.

Would An IVA Be More Suitable Than A Personal Loan?

IVA Eligibility Test

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Disclaimer: For guidance only. Financial information entered must be accurate and would require verification. Other factors will influence your most suitable debt solution.

What Is An IVA?
An Individual Voluntary Arrangement (IVA) is an agreement designed to help people with unsecured debts who cannot afford the minimum monthly repayments.
As long as you are able to commit to an agreed regular monthly repayment over a period of usually 60 months, the remainder of your debt could be written off. With an IVA you get:-

  • A single, lower payment
    Repayments that you can afford
  • Interest stopped
    No more interest or charges added
  • Some debt written off
    Up to 70% of money owed could be written off
  • Protection from creditors
    No more creditor letters, calls or legal action.

Your IVA in 1-2-3 Easy Steps

1

Get in Touch

We’ll ask you about your debts and financial situation.

2

Application

If suitable, we’ll prepare a IVA proposal for your creditors on your behalf.

3

Acceptance

You get affordable payments, interest on debts stopped and creditor protection.

Swift will not charge you a fee for setting up your IVA.
IVA fees and costs are set by creditors and included in the payments you make into the IVA – not added to them. See IVA fees and costs.

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