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Is an individual voluntary arrangement right for you?

This section will help you work out whether an individual voluntary arrangement (IVA) is the right debt solution for you. It covers the risks of getting an IVA and the impact it might have on your lifestyle.

Checklist for deciding if an IVA is right for you

Use this checklist to help you decide if an individual voluntary arrangement is the best way to deal with your debt problems.

Job and possessions - impact of IVA

Explains how having an individual voluntary arrangement could affect your job, assets or possessions.

Home - impact of IVA

Explains how having an individual voluntary arrangement could affect your home.

Credit rating - impact of IVA

Explains how having an individual voluntary arrangement could affect your ability to apply for credit.

Bank accounts, savings, pensions - impact

Explains how having an individual voluntary arrangement could affect your bank account, any savings and your personal or state pensions.

Lasting power of attorney - impact

Explains how your role of lasting power of attorney (responsibility for someone's financial affairs) would be affected by having an individual voluntary arrangement.