IVA Calculator

Use our IVA calculator to work out what your potential new monthly IVA payment could be. Submit the form to find out if an IVA would be a suitable debt solution for addressing your unaffordable debts. Include as much information as possible about your monthly household income, expenses, and your outstanding debts. The more information you provide, the more accurately we can identify your options.

We will review your information and contact you to advise on all options available for addressing your debts. All advice is confidential and without obligation. Your details will never be passed to any third parties.

Online IVA Calculator

Step 1 · Your Monthly Income

Monthly Salary

Monthly Salary (partner)

Income from Benefits

Child Maintenance Income

Income from Pension

1. Other Income

1. Other Income Amount

2. Other Income

2. Other Income Amount

3. Other Income

3. Other Income Amount

TOTAL MONTHLY INCOME

Step 2 · Your Monthly Expenses

Mortgage / Rent

Council Tax

Life Insurance

Buildings / Contents Insurance

Water Rates

Gas / Electric

TV Licence

Landline Rental

Mobile Costs

Food and Toiletries

Clothing and Footwear

Public Transport

Car Expenses (Fuel, Tax Insurance, Repairs)

Medical, Optical and Dental

Sky or TV Package

Hairdressing

Meals at Work

Pets

1. Other Expense

2. Other Expense Amount

2. Other Expense

2. Other Expense Amount

3. Other Expense

3. Other Expense Amount

4. Other Expense

4. Other Expense Amount

TOTAL MONTHLY EXPENSES

Your potential IVA Payment

Below is the amount you could be paying towards your debts as a monthly IVA payment. This is called your "Disposable Income" (the money left over after all expenses and essential living costs have been paid). Don't worry if this is a negative amount or if it seems too high for what you feel you can afford. This calculator is only intended to provide an approximate figure. We will be able to review everything in further detail when you submit your form.

DISPOSABLE INCOME CALCULATION

Step 3 · Your Debts

Fill in as much information as you can about your debts / creditors. The more information you provide, the better we can advise you. If you're not completely sure of all of your debts or outstanding balances, don't worry. Submit the form and we will help get this information for you.

Creditor 1	Balance (approx)
Creditor 2	Balance (approx)
Creditor 3	Balance (approx)
Creditor 4	Balance (approx)
Creditor 5	Balance (approx)

TOTAL CREDITOR BALANCE

Your Contact details

Your full name

Telephone Number

Email Address

Is there anything else you think we should know about your situation? (Optional)

By submitting this form I consent to the processing of my data & agree with the McCambridge Duffy Privacy Policy

About the IVA Calculator

The purpose of the IVA calculator is to give us an idea of your financial situation and help us determine if an IVA is a suitable option for you. The IVA calculator will also give you an idea of what your monthly payment could be in an IVA, by working out how much money you have left over each month to go towards your debts. The calculator will only give you an approximation of what your monthly payment might be and should only be used as a guideline for an IVA.

Completing this form does not qualify you for an IVA and does not confirm that an IVA is your best option. We will only be able to properly assess you for an IVA after reviewing your information and having a brief conversation with you about your situation. We will also run through any other options you might have available for addressing your debts.

What is an IVA?

An IVA is a formal insolvency solution that can help you address your unaffordable debts. It normally consists of affordable monthly payments towards your debts that last for 60 months (5 years). Once your IVA is agreed it becomes legally binding on you and your creditors. On completion of the IVA any remaining debts are written off and you can start over debt free. Read more about an IVA

How do you work out my monthly IVA payment?

Every IVA is unique to you and your monthly payment will be specific to your own circumstances. Some of the factors that come into consideration when working out your IVA payments are:

Marital status
Living situation
Employment status
Current circumstances
Your household income
Your household outgoings
Types of debt that you have
Household and family members
How much your debts are in total

All of these things are considered when working out how much you can afford each month as an IVA payment.

How much money will I have left over to live on each month?

As with your IVA payment, this amount will be unique to you. The same factors as above will be considered when working out your monthly living budget. We follow industry standard recommended guidelines to ensure that your budget for living is reasonable and your payments are affordable and sustainable throughout the term of your IVA.

When we have worked out a monthly payment amount that you feel is affordable, which considers the recommended guidelines carefully, we will request documentation from you to verify your information. This will help us show your creditors that your offer is both realistic and fair for all parties involved.

If you have any questions about the IVA calculator or if you would like to speak with an advisor about your debts, please call us on 0800 043 3328.