HONESTY - EMPATHY - UNDERSTANDING

Here to support you at every step.

At United Insolvency, we believe it should be simple and affordable for you to become debt free. That’s why we’re here to support you at every step of your journey.


To find out more about managing your money and getting free advice, visit Money Helper, independent service set up to help people manage their money.

Our Core Values

01

Honesty

Delivering honest and clear advice to educate you without any jargon. Your assigned debt advisor will always be completely honest with you.

02

Empathy

Sharing your situation and feelings can be difficult but we will show you respect and genuine empathy. We believe that a problem shared is a problem half solved.

03

Understanding

Unlike other companies, we focus on YOU, the customer. Every call will start with understanding your situation, concerns and preferences. Once we know that, we’re half way there.

Advantages & Disadvantages of an IVA

Advantages

✅ Write off a % of unaffordable debt

✅ Offers creditor protection

✅Freezes interest and charges on your debts

✅ Allows you to keep your home and other assets

✅ Helps you avoid bankruptcy

Disadvantages

❌ Places you under a strict budget

❌ Doesn’t cover all debt types

❌ Will be recorded on a public register

❌ Will impact your credit rating

❌ If your IVA fails, you could be made bankrupt

You're not alone

We understand that most people take out credit with every intention to pay it back. We also understand that things change that can make this difficult or even impossible.


Our team will take the time to get to know you and what you want and need.


Get in touch today to see how we can help you become debt free!

8.2 million

people struggling with debt in the UK, each owing on average £14,540

Interested in working for United Insolvency?

FIND OUT MORE

Frequently Asked Questions

  • Is an IVA suitable for me?

    An Individual Voluntary Arrangement (IVA) is a formal debt solution that creates alegally binding agreement between you and the people you owe money to. You may decide to enter an IVA if you’re struggling to repay the total amount of unsecured debt you currently have but can repay some.

  • Can an IVA affect my credit rating?

    Yes, an IVA will have an impact on your credit rating as it will show on your credit report for six years after it has been approved. However, it’s important to note this is the case for most debt solutions and your credit score will likely already have been affected by being in debt in the first place.


    Once your IVA is complete you will be offered a fresh start to begin rebuilding your credit rating.

  • Will entering into an IVA affect my job?

    In most cases entering an IVA won’t affect employment. However, in certain professions, such as accountants and solicitors, having an IVA may mean that you can no longer practice or you may only be able to practice under certain conditions.



  • Can creditors still contact me when I'm in an IVA?

    Once you enter an IVA, creditors can take no further action against you and can’t contact you directly.

  • How can an IVA change my life?

    An IVA can be a positive way to manage unaffordable unsecured debt and allow you to better manage your monthly finances.


    In an IVA a single monthly payment is agreed with your current financial situationtaken into consideration – this payment is then divided between the people you owe money to. During the course of your plan all interest and fees associated with your debts are frozen.


    At the end of the IVA the remaining debts are written off and you can begin your debt-free future.

  • What are the disadvantages of an IVA?

    When you’re considering entering an IVA, it’s important to be aware of the following:


    • If you are a homeowner and your property has equity in it, you’ll need to try to re-mortgage which could result in an increased interest rate.
    • Your credit rating will be affected.
    • Only the unsecured debts included in your IVA will be written off at the endof the agreement.
    • Your IVA will be recorded on a public register.