How does an IVA work?

A full review of your financial circumstances will be completed. Should you believe an IVA is the most appropriate solution for you we will prepare an IVA proposal. We will present this to your creditors who can vote on whether to reject or accept the proposal.

You will need 75%, by value, of the creditors who vote to vote in favour of the proposal for it to be approved. Following the acceptance of the IVA we will manage contact with your creditors.

During the IVA period you may still receive annual statements from creditors. If the IVA proposal is rejected it may be possible to re-submit the proposal should your circumstances change. Alternatively we can assist you in considering alternative solutions.

Continue to the next section How do I qualify for an IVA?

Getting free impartial advice

The Money Advice Service is an impartial service set up by the Government.
They provide free debt counselling, debt adjustment and credit information services. Visit Money Advice Service

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Not sure which solution is best for you? No problem – we’ll help you to compare the different options available so you can get the help you need, even if this isn’t through us.

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Additional Customer Benefits

Our customers get access to additional services to help improve their financial circumstances. These include:

TV, broadband and landline comparison

Available to everyone – even if you’re not a Harrington Brooks customer

Utility switching service

Available to everyone – even if you’re not a Harrington Brooks customer

Legal advice on associated debt issues

Only available to current active Harrington Brooks customers

Benefit and entitlement checks

Only available to current active Harrington Brooks customers

Looking for friendly help and advice?

Check out our easy-to-read articles and helpful guides if you have any questions about managing your money or if there’s something you just don’t understand about your debts.

If you’d prefer to talk to someone about your debt worries, you can give a member of our team a call on 0800 048 1764 for some impartial advice.

Free Debt Guides

Our handy guides will help you with the most common issues when you’re on a debt solution.

Money Saving Tips

If you’re on a tight budget, check out our tips to make your money work for you.

Money Management Guides

Struggling with your finances? Find out what creditors can ask for – and what they can’t.

Credit Report Advice

Find out what your credit report means for you and how to improve it.

Signposting to services

If you're struggling with debt, you might also benefit from access to additional support services. Our signposting to services page provides details of relevant charities and other organisations that could help you.

How does an IVA work?

Getting free impartial advice

Get help now

Compare Packages

Additional Customer Benefits

Looking for friendly help and advice?

Free Debt Guides

Money Saving Tips

Money Management Guides

Credit Report Advice

Top articles

Turned down for credit: What you can do

My IVA is over – what will happen?

What’s the difference between a bailiff and a debt collector?

What is your financial review?

Signposting to services