How much will an IVA Cost

When receiving advice on debt solutions, such as an IVA, you should not be charged upfront fees.

Here at Debt Response we will give you free, impartial debt advice.

You should not commit to paying any additional fees until both you and your creditors have agreed on a monthly contribution and signed a letter of engagement. Any fees will then be deducted from your monthly contribution.

Income Checks

Your Insolvency Practitioner will make regular income check to make sure your payments are affordable. If your income increases significantly you may have to increase your monthly payments, although not by the full amount of your income increase. This process also ensures that if your income decreases your payments can be altered accordingly.

Change of Financial Circumstances

If your financial circumstances do change it is important to notify your Insolvency Practitioner as soon as possible. Failure to make your monthly payment may result in bankruptcy proceedings.

Any information you provide will be kept completely confidential.