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The term IVA refers to an Individual Voluntary Arrangement. Our IVA Estimator offers guidance of how much you can reduce your debt by. Move the red and green slider controls and see how by how much your debt could be reduced.

If my debt...

in total is

and my take
home pay is

an IVA could reduce my debt by

*The Estimator is for guidance only, subject to terms.

  1. I agree to Terms & Conditions
  2. or Slide again


  • Expert debt advice
  • NO upfront fees
  • NO long waits

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What is an IVA?

The term IVA refers to an Individual Voluntary Arrangement. An IVA is a legally binding agreement between you and your creditors which allows you to make one affordable monthly payment (excluding your mortgage and any other loan secured on your home).

An IVA can be arranged for you by a licensed insolvency practitioner who becomes your nominee and is then legally authorised to represent you in negotiations with your creditors.

For many people an is a solution they consider when they feel there is no real prospect of paying off all of their debts. Read more about what is an IVA.

Benefits of an IVA

If you complete an IVA (usually over five years) you can:

  • Freeze interest and charges on all your unsecured debts
  • Write-off all the debt you are unable to repay within the IVA
  • Avoid bankruptcy
  • Reduce your monthly repayments an affordable amount
  • Stop unwanted contact from your creditors

IVA as an alternative to bankruptcy

There are a number of significant differences between an IVA and bankruptcy, such as being able to protect your home from forced sale. Read about the advantages of choosing an IVA instead of bankruptcy.

The Effect of an IVA - be aware

An IVA is a serious financial undertaking and is a long term process that usually lasts five years. You should also be aware that there can be negative consequences to an IVA and everyone's circumstances are different. Read more IVA Pros and Cons.

To make you aware of all the different aspects of an IVA we have compiled an extensive list of IVA Frequently Asked Questions.

If your question hasn't already been answered in our FAQ you can also ask, free of charge, anonymously and in real time, one of our qualified debt advisors for debt advice relating to your individual circumstances.

testimonial imageRobbing Peter to pay Paul....

I was taking out payday loans,it all went out of control,different debt management companies ripping me off. I spoke to ClearDebt ,and within about 4 to 5 weeks they sorted out my IVA.

Roland - 19th February 2013 on, rated 5 stars.

The ClearDebt IVA Estimator is not like any other IVA calculator:

  • Just 2 clicks for an accurate result
  • You don't have to give your contact details

Try the IVA Estimator

An IVA with ClearDebt to help you become free of debt

ClearDebt specialise in IVAs and can offer you several advantages over other organisations who offer similar services:

  • Immediate telephone and online advice, no waiting
  • No upfront fees for setting up an IVA with creditors
  • Qualified advisors, not telesales staff or volunteers
  • Insolvency practitioners who represent you
  • Competitive IVAs setup for debt amounts as low as £5,000

To qualify for an IVA you must meet a number of different IVA criteria.

Using the IVA Estimator

*Exclude your mortgage or any payments you make toward rent arrears, if applicable, when setting my debt level. Your monthly take home pay is the income you get in your pay packet or bank account, after income tax and national insurance have been deducted.

The IVA estimator gives you a realistic idea of what you could save in a ClearDebt IVA because it uses real data from the thousands of IVAs ClearDebt has arranged for our clients however everybody's debt situation is different so, depending on your situation, the specific figures for your case could be higher or lower than this.

Find out if an IVA is right for you.

IVA fees and costs

This IVA Estimator is free to use and does not require any personal details to view the results. 

You do not pay any upfront fees for debt advice from ClearDebt given prior to the IVA being prepared and we do not charge for services up to the point where you return your completed, agreed, creditor documentation to us.

The fees ClearDebt charge for preparing and supervising your IVA are included in the agreed monthly amount you pay into your arrangement. There are NO additional or hidden IVA costs from ClearDebt. Read more about ClearDebt's IVA costs and fees.

ClearDebt arrange thousands of IVAs every year for individuals in debt from all walks of life.

Read other real life IVA stories and check out verified reviews about ClearDebt on independent websites.

More IVA Links

ClearDebt proposes and administers Individual Voluntary Arrangements (IVAs) on the basis that there is a reasonable contemplation of an insolvency appointment and hence, only provides advice once it is apparent that an IVA is likely to be the most approppriate debt solution.

Abacus is authorised and regulated by the Financial Conduct Authority and is permitted to offer debt counselling and debt adjusting services for a fee. Reg. No.482265.

You can find out more about dealing with your creditors in a guide produced by the Insolvency Service: In Debt - Dealing with your creditors.
You can also find alternative free-to-consumer debt advice organisations as recommended by the Money Advice Service.

Abacus registrations are as follows: Registered in England & Wales No. 03907493. Claims Management Regulation No. CRM19025. Data Protection Act 1998 registration number Z9487675.
ClearDebt registrations are as follows: Registered in England & Wales No. 05157741. Data Protection Act 1998 registration number: Z8927124.

David Emanuel Merton Mond and Elaine Masters are licensed to act as Insolvency Practitioners in the UK by the Insolvency Practitioners Association. Registered Office for both companies is: Third Floor, Nelson House, Park Road, Timperley, Altrincham, Cheshire WA14 5BZ.