There are 3 separate fees involved in an IVA;

A nominee’s fee, a supervisor’s fee and disbursement costs:

  • The nominee’s fee is for setting up and agreeing the IVA with you and your creditors and is normally a fixed value fee. This will be taken before any payment is made to creditors.
  • It is different for supervisor’s fees. These are for the ongoing management of your IVA and are normally on a percentage basis and spread over the duration of your IVA.
  • There are also disbursement costs which cover all the miscellaneous costs of setting up and maintaining an IVA, such as registration fee, insurance, etc.

Fees are agreed with your creditors via Creditor Voting Agencies who apply the same fee basis for all IVA providers (inc. charities).

We won’t ask you for upfront fees and these will be covered by the contributions you make to your IVA (monthly payments, surplus assets). You will never be faced with any unexpected fees as we will always tell you what fees are involved and how they are calculated before you commit to an IVA.