Warning!

An IVA can only be arranged and supervised by a Licensed Insolvency Practitioner (IP) and many companies advertising an IVA service do not have an IP in-house. In reality many are simply lead generation businesses who then pass your details to a firm of Insolvency Practitioners, generally for a large fee taken from your monthly contributions. In many cases these Companies do not have the expertise or qualifications of a Licensed Insolvency Practitioner.

An IP is regulated by it's governing body, in the case of X-debt the Insolvency Practitioners Association (IPA), and are duty bound to offer best advice.

If you are unsure of who you should approach to advise you on the most suitable debt solution and if your circumstances meet the criteria of an IVA, then please ensure the Company you deal with actually employs an IP.

We are here to help and advise you. If you wish to speak to an IP in the first instance then please call us as we offer this personal service.

IPA R3

Any debt solution should always be considered very carefully and professional advice should be sought. Whilst X-debt offers free debt advice, fees are charged where a debt solution is undertaken. Fees are for setting up an arrangement and if appropriate, supervising the arrangement over a period of time. All fees will be outlined prior to any charges being incurred. Fees within an IVA are taken from the monthly contributions, agreed by you and your creditors and will not affect the amount you pay. X-debt complies with the Consumer Credit Act and Data Protection Act.