Apply for an IVA
Reduce Debt with One Affordable Monthly Payment*
- Potentially stop interest & charges
- 100% confidential debt advice
*Please see below for what debts can be included to an IVA.
If you enter a solution with MoneyPlus we will charge you fees. If you do not enter a solution managed by us, there will be no fee for the advice that we provide. All fees and risks will be explained in full before you enter into a solution.
To discover more about how to manage your debt and to receive free debt advice visit www.moneyhelper.org.uk
Why Choose MoneyPlus Advice?
18,000+
People provided with advice
Jan 2023 – May 2024
£305,000+
Unmanageable debt written-off for vulnerable customers
Sep 2022 – Apr 2024
*Depends on individual circumstances
£19,170
Average total debt per customer on a plan
DMP customers up to April 2024
What does an IVA cover?
Buy now, pay later
Overdrafts
Credit cards
Store cards
Payday loans
Bank loans
Example IVA
See how an IVA could make a difference to you…
Bank Loans
Credit Cards
Payday Loan
Overdraft
Total
£14,000
£2,422
£900
£2474
£18,798
*From April 2022 to April 2023 1 in 3 customers achieved a debt write off over 80%, with average write off being 72% as of Feb 2024. The amount of debt written off is dependent on your circumstances.
Total Debt:
Total IVA Repayment:
Total debt written off £13,535
Reduced by 72%*
Using our average debt write-off for our IVA customers as of 02 2024*
You’re in safe hands.
We’ve helped tens of thousands of people take control of their unsecured debts.
Customer Story
Based on an actual review provided by one of the MoneyPlus customers.
“I really cannot speak too highly of MoneyPlus, they literally saved my life.“
I had over £30k worth of debt and didn’t know what to do to clear it. Because of the amount and my fluctuating income, it was a long haul.
Throughout the process the Advisors at MoneyPlus Advice were patient, helpful and empathetic in equal measures, even when I missed a payment. They regularly reviewed my situation and never allowed me to make a payment I couldn’t afford, or without ensuring my priority debts were up to date, and contacted each creditor in the event of a change in my circumstances.
Fortunately, I was able to sell my house due to a break-up with my partner and the equity allowed me to clear the outstanding balance, which had reduce to less that £11k.
Without the team at MoneyPlus I doubt I would have got to the position of solvency in which I now find myself.
Support and guidance
We offer debt advice and support to everyone who gets in touch.
Potentially stop creditor contact
Although not guaranteed, some solutions will stop all contact from creditors.
Reduce interest and charges
We’ll always aim to freeze interest and charges, and we succeed over 95% of the time.
How it works.
At MoneyPlus, we aim to make life as easy as possible. That’s why we take care of as much of the work for you as we possibly can. If you qualify for our DMP services, here’s what will happen next:
STEP 1
Talk to us
Talk to us in complete confidence about your financial situation and the debts you are struggling with.
STEP 2
Find a solution
Based on the information you give, we will create a plan that will help you get out of debt, whether that includes our services or not.
STEP 3
Choose your plan
We will get in touch with your creditors on your behalf to notify them that you are with MoneyPlus. Alternatively, we will ensure that you know who can help.
Will an IVA stop bailiffs?
If you have any outstanding court actions including the use of a bailiff, they will be stopped once an IVA has been put in place. This means that bailiffs will no longer be able to attempt collections to repay any debts included in an IVA.
“It’s made a big difference to me and how I live.”
– Helen, Aberdeenshire
Read Helen’s story