Mrs A, aged 60, is supporting a husband with ill health and has been the sole income earner for more than 20 years. She got her ClearDebt IVA in May, slashing her monthly payments by nearly two-thirds.

Trying to make ends meet, she took out a personal loan. She found getting credit was easy and soon had £53,000 debt spread over 10 credit cards, a bank loan, three store cards and council tax. She got her ClearDebt IVA in late May. Interest was frozen and we persuaded creditors to accept £350 per month over 60 months. They agreed to write off £32,000 of her debt, dropping her monthly payment by more than £600.

To find out if an IVA is right for you, take the ClearDebt online debt test – it takes a few minutes to complete and you’ll get an on-screen result showing the best debt solution for you:

Calculate your monthly repayments in an IVA

Use our IVA calculator to find out what your monthly repayments could be in an IVA. Need to speak to an advisor? Call us today on  0800 019 2095.
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Debts Cut By £600/m with an IVA

Updated on 2016-10-02T01:19:24+00:00, by Paul Gailey.