IVA Costs
The costs of an IVA
The costs of setting up and running an IVA consists of:
1. Nominees' Costs
2. Supervisors' Costs
These IVA costs include the costs of gathering all the information required, preparing the IVA proposal, preparing and filing the Nominee's report, sending the IVA proposal to the creditors, and holding the creditors' meeting.
Do I have to pay any up-front IVA costs?
No.
When your IVA is approved, you and your creditors will agree an affordable monthly contribution for you to make towards paying off your debt. This amount will be based entirely on your personal circumstances: income, expenditure and debt levels.
The contributions you pay will have our fee incorporated into it. In order to accommodate our fees, your creditors will accept a reduced return under the terms of the IVA.
Money Debt & Credit never takes an up-front fee, so even if your IVA is not approved, you have nothing to lose.
Free IVA advice
For any further information or questions, please call us for free on 0800 16 999 46 and one of our highly trained advisors will be happy to help.