An IVA may not be suitable in all circumstances.

Fees apply to the service, click here for more details. Your credit rating may be affected.

How Much Does an IVA Cost?

We’re often asked ‘how much does an IVA cost?’. This article explains what you can expect to pay for an IVA. If your IVA isn’t approved, you won’t be charged by us.

A woman with a bank card and calculator

If you’ve decided an IVA is right for you or are considering it as a debt solution, the next thing you’re probably considering is ‘how much does an IVA cost’?

If you choose to go ahead with an IVA with Debt Support Centre, we make sure that the monthly payments are affordable for you before starting.

During the approval process, your Insolvency Practitioner will detail how much you’ll be paying so you know exactly how much the IVA will cost each month.

How can I afford to pay for an IVA?

Understandably, you might be wary about paying for anything during this time. After all, you’re in debt and might be trying to spend less. Fortunately, there are no upfront costs and all fees for the proposal and supervision of your IVA are paid through the monthly affordably payments and borne by your creditors as part of the debt forgiveness of an IVA.

If your IVA is rejected, you will not be charged, so you can rest assured. We understand your financial situation and won’t put you into further debt by charging you high up-front fees.

Do I qualify?

How much does an IVA cost to set up?

Three stacks of coins with the word IVA

Based on our customer data, we’ve included a breakdown of IVA fees. This should give you an idea of just how much you can expect to eventually pay on the IVA by the time it ends.

The costs for the IVA are divided into three areas:

  • The Nominee Fee.
  • The Supervisor Fee.
  • Expenses.

We’ve detailed each of these below so you know exactly what to expect:

The Nominee Fee, typically £1,900

The Nominee Fee is the charge for those activities taken before the IVA is approved. During this period, the Insolvency Practitioner acts as your Nominee to help get your IVA over the line.

The Nominee Fee covers such tasks as:

  • Drafting your IVA proposal.
  • Collecting claims from your lenders.
  • Organising the creditor meeting and notifying your lenders about it.
  • Assessing any proposed changes which your creditors might request to the IVA.

If your IVA is not approved, then you will not be charged for these expenses.

The Supervisor Fee, typically £1,750

If your IVA is approved, the Supervisor Fee broadly covers the day-to-day activities associated with managing the IVA. During this time, your Insolvency Practitioner works on such tasks as:

  • Making sure IVA payments are correctly distributed to your lenders.
  • Handling correspondence from creditors.
  • Providing reports to your lenders.
  • Completing annual reviews into the IVA.
  • Providing you with any support or guidance you request regarding the IVA.


A DSC advisor will help find out what debt solutions is for you

Broadly, the costs of an IVA cover the Supervisor and Nominee Fee. However, the Insolvency Practitioner may also incur expenses during this time. These expenses will be paid from the Nominee and Supervisor Fees charged. Details of estimated fees will be included in your IVA proposal before you agree to the terms. We know how important it is for you to know all of the costs before you begin, so you can decide whether it’s right for you.

If you have any questions, get in touch today by filling in our online form – a friendly and experienced advisor can help you to determine whether an IVA could help your situation.

Get Debt Help