Free IVA Eligibility Checker (UK 2025)
Last Updated: January 2025
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Find out in 2 minutes if an IVA could help you manage your debt. This check is free, confidential, and won't affect your credit score.
Reviewed by AI Debt Coach | Partnered with UK Insolvency Service regulated advisors
Frequently Asked Questions About IVAs
How long does an IVA last?
An Individual Voluntary Arrangement (IVA) typically lasts for 5-6 years (60-72 months). During this time, you make affordable monthly payments to your creditors. Once the IVA term is complete and you've met all the agreed obligations, any remaining unsecured debt included in the arrangement is written off. For more information, visit the UK Government's guidance on IVAs.
Will an IVA affect my credit score?
Yes, an IVA will appear on your credit file for 6 years from the start date. During this time, it may be more difficult to obtain credit. However, this eligibility checker itself does not affect your credit score. After the 6 years, the IVA is removed from your credit file and you can start rebuilding your credit rating.
Can I get a mortgage after an IVA?
It is possible to get a mortgage after an IVA, but it may be more challenging during the IVA term and for a period after completion. Specialist mortgage brokers can help those with an IVA history. Your chances improve significantly once the IVA is removed from your credit file after 6 years, especially if you've been rebuilding your credit score.
What happens if I miss an IVA payment?
If you miss a payment, you should contact your Insolvency Practitioner (IP) immediately. Missing one payment doesn't automatically fail your IVA, but repeated missed payments could lead to the IVA failing. If your IVA fails, creditors can pursue you for the full debt again, and you may face bankruptcy. Your IP may be able to arrange a payment break or adjust your payments if your circumstances have changed.
Can I include all types of debt in an IVA?
An IVA typically covers unsecured debts such as credit cards, personal loans, overdrafts, store cards, and payday loans. However, secured debts (like mortgages and car finance), student loans, court fines, and child maintenance payments cannot usually be included in an IVA. These must continue to be paid separately. For detailed guidance, refer to the UK Insolvency Service.