Thousands of people across the UK have used an IVA (Individual Voluntary Arrangement) to clear debt. But how do you know if its suitable for you?

This will depend on several factors such as how much you owe, your income and lifestyle. The best way to find out is to get further advice from a company or organisation that specialises in debt. If its not suitable for you, perhaps another solution, such as a debt management or consolidation loan would help you to clear your debt.

An IVA may be suitable for you if:

• You owe over £15,000
• Your owe to three or more different creditors
• Your income will allow you to make the minimum payments
• You are in regular employment with a steady income

Who can tell me if an IVA is suitable for me?

If your financial situation doesn't fit this criteria, there may be a better debt solution for you. There is no one-size-fits-all debt solution. You should talk to someone first to see if an IVA is a suitable way for you to get debt free. The IVA Zone can help you take the next step. Click to find out how to arrange an IVA and also get some confidential advice to help you clear debt.