IVA & DMP Debt Solutions — Free UK Advice

An IVA is a formal, legally-binding agreement between you and your creditors to pay back an affordable amount over typically 5–6 years. At the end, any remaining unsecured debt is written off. IVAs are set up by a licensed Insolvency Practitioner.

A DMP is an informal arrangement where you make one affordable monthly payment, which is distributed among your creditors. It's flexible and can be cancelled at any time, but it's not legally binding so creditors can still add interest.

Generally, an IVA suits people with £6,000+ of unsecured debt across multiple creditors who can commit to fixed monthly payments. A DMP often suits smaller debts or those expecting their financial situation to improve soon. Our panel partners will assess your circumstances and recommend the best option.

Yes. An IVA stays on your credit file for 6 years from the date it starts and is recorded on the Individual Insolvency Register. Most people in serious debt already have damaged credit, and many start rebuilding it the year after their IVA ends.

In most cases, yes. Your home is usually protected unless there's significant equity, in which case you may need to remortgage in year 5. Reasonable household vehicles (typically under £3,000–£5,000) are normally kept.

Your initial enquiry with CaseFlow Legal is free. Our panel includes FCA-authorised debt advice providers and licensed Insolvency Practitioners — all fees are explained upfront before you commit to any solution.