Why Choose Us?
Learn about the pros and cons of your options.
IVA (Formal Debt Solution)
Disclaimer: We do not offer this debt solution
An IVA is a legally binding contract with set monthly payments, typically lasting several years. It requires ongoing commitment and sticking to the terms throughout.
Entering an IVA is recorded on your credit report and may affect your ability to borrow during and after the arrangement.
You may be asked to release equity from your home (if you own one) or declare other assets as part of the process.
Not all types of debts are included in an IVA (such as court fines or student loans), so it’s not a one-size-fits-all solution.
If you fail to meet the agreed payments, the IVA could fail — and creditors may resume pursuing the debts.
Informal Debt Solutions
Informal approaches can help you explore options to deal with your debts without committing to a legally binding agreement like an IVA or bankruptcy.
Informal support may allow for more tailored arrangements that fit your personal situation — including payment plans or negotiations made directly with creditors.
Unlike formal solutions such as IVAs, informal debt support doesn’t appear on the public Insolvency Register.
Having someone guide you through the process and communicate with creditors on your behalf may reduce stress and help you feel more in control.
While debt problems may already affect your credit, informal arrangements might not carry the same long-term impact as formal insolvency routes — although this can vary.
Get In Touch
Contact us using one of the methods below. Alternatively, fill out the short form and one of our team will be in touch for a no-pressure, friendly chat.
Email: Reece@saynotodebt.co.uk
Number: 07398434801