Compare Debt Management And IVA Fees And Charges


Administration / Set up fee – This is used to set up your debt management plan, some companies use your first 2 months payments, some companies only use one.

Monthly management fee – This fee is taken out of your monthly payment and is used to manage your debts on a daily basis, all management fees are different.

IVA fee – An IVA should only be 60 months long, so you should only make 60 payments. Some companies will keep you first 1 or 2 payments as set up fees and other will not take any fees.

Company Name Debt Management IVA
Your Debts Cleared 15% + 1 Payment No Fees
Gregory Pennington 17.5% + 1 Payment No Fees
Baines & Ernst 17.5% + 2 Payments 2 Payments
Money Debt &Credit 17.5% + 2 Payments No Fees
Churchwood Financial 15% + 2 Payments 1 Payment
Debt Release Direct 17.5% + 2 Payments + £70 £350 Setup Fees
Debt Advisory Line 17.5% + 2 Payments + £70 2 Payments
Harrington Brooks 17.625% + £250 Setup Fee 2 Payments
TCF Debt Solutions 20% + 1 Payment 2 Payments
Moneysolve 17.625% + 2 Payments 2 Payments
Debt Free Helpline 17.5% + 1 Payments + £70 1 Payment
Chase Saunders 17.625% + 2 Payments 1 Payment
Kensington Financial 17.625% + 2 Payments No Fees
Smooth Financial 17.625% + 2 Payments 1 Payment
Debt Free Direct 15% + 2 Payments No Fees
The Debt People 17.5% + 2 Payments No Fees