A Single Monthly Payment You Can Afford With Remaining Debt Written Off.
Repayments based on what you can afford – not what you owe.
No more interest or charges added.
Unaffordable debt is written off when an IVA completes.
No more creditor letters, calls or legal action.
An IVA is a debt solution to help people with little prospect of repaying their debts in full, but able to commit to regular payments to repay them in part, (normally over 60 months) in exchange for the rest being written off.
If you owe at least £5,000, are struggling with payments but can commit to at least £90 per month, you may qualify for an IVA.
We’ll review your financial situation to determine your level of debt what you can afford to repay each month. If an IVA is suitable, we can make a formal proposal to your creditors.
If this is accepted, no more interest or charges can be added to your debts.
Provided you maintain payments, all unpaid debt is written off at the end of the IVA, which normally lasts 60 months.
Debts We Can Help With
Unsecured Personal Loans
Payday and Doorstep Loans
Council Tax Arrears
Gas, electric & water arrears
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.