What is the different between an IVA and an Informal Repayment Plan? - Thomas Charles and Co, Specialists in Debt Help and Advice - What is the different between an IVA and an Informal Repayment Plan?

Discreet advice and solutions for people in serious debt

What is the different between an IVA and an Informal Repayment Plan?

Key points:

An Informal Repayment plan has no time limit and can last for 10s of years, interest rates and charges are not frozen.
An IVA consists of reasonable payments over 5 years, interest and charges are frozen, any remaining debts are written off.

These videos provide brief advice and you should seek more specific advice to your needs, please contact us now to make sure you make the right decision. Thomas Charles are debt specialists and help 100s of people get out of debt every month. Our consultants will give advice free of charge on a home visit or over the phone.

Our Free Debt services:

1 in 5 has £10,000 debts
The Metro - 02 August 2007

1 in 5 adults 'has debts worth more than £10,000'
The Daily Telegraph - 02 August 2007

James Falla interviewed on BBC News 24
BBC News 24 - 05 July 2007

Don't let debt drive you crazy
The Sun - 05 May 2007

James Falla interviewed on BBC News 24
BBC News 24 - 2 Februrary 2007

James Falla on ITV's "Moral of the story
ITV- 21 January 2007

James Falla interviewed on Channel 5
Channel 5 News -
2 Februrary 2007

James Falla BBC Lunchtime News interview (Video clip)
4 Jan 2007 - Lunch news

Live now, pay later: record numbers opt for 'soft bankruptcy'
4 Nov 2006

Sharp rise in use of IVAs to clear debt
4 Nov 2006

More will go to the wall
3 Nov 2006

James Falla BBC News2 interview (Video clip)
3 Nov 2006 - 6pm news

James Falla BBC interview (Video clip)
3 Nov 2006 - 5pm news

Houses at risk as rate of personal insolvency jumps
5 August 2006

One million living in fear of going bust
4 August 2006

First class
29 July, 2006

Recent Client Feedback:

Ian Allen, 10 May 2008:
When First being in contact with phillip hunt i was very impressed by him on how helpful he was to m ... more

Philip Hunt rated:

Chris Lane, 08 May 2008:
Keith is a fantastic consultant, from day one he was patient, knowledgable, able to listen and readi ... more

Keith White rated:

john stokes, 01 May 2008:
The best thing we have ever done was to contact thomas charles. Julia's response was almost immediat ... more

Julia Simavi rated:

C Smith, 30 April 2008:
We need more companies like you around, honest and straight to the point. Keep up the good work Juli ... more

Julia Simavi rated:

Rebecca Jones, 29 April 2008:
I would like to thank Indra for the advice and reassurance thst she gave when I approached Thomas Ch ... more

Indra Weight rated:

P. Mills, 29 April 2008:
I would like to say a very big thank you to Indra. Thanks to her, my IVA was successful. She helped ... more

Indra Weight rated:

Clare Wright, 29 April 2008:
I was very embarressed to have to admit that I had got myself into this situation but I was put comp ... more

Indra Weight rated:

S R, 28 April 2008:
Initially I was extremely ashamed of the situation i found myself in and nervous in making the steps ... more

Keith White rated:

David Bonehill, 21 April 2008:
Hi Keith.

Thank you first of all for listening to me that means a great deal,you were able ... more

Keith White rated:

S and P, 19 April 2008:
If you are visiting this site you must have a problem like we had. Please make that first important ... more

Keith White rated: