DFH Financial Solutions

About Us

“DFH Financial Solutions (a trading name of Bridgewater Support Solutions Ltd,company number 07556890) is part of a group of companies established in 2006 which specialise in consumer financial solutions and have extensive experience in the field of commercial debt management. Read more...




IVA (Individual Voluntary Arrangement)

If you have unsecured debts of over £3,500 and can no longer afford to make the repayments and cover your other living costs, an IVA could be the solution for you, depending on your circumstances.

If an IVA is selected as the preferred debt solution for you, we will work in conjunction with our selected Insolvency Practitioners at Debt Support Centre Ltd, a company within the group to create a formal agreement between you and your creditors (the companies you owe money to). We will only recommend an IVA to you if we consider this is the appropriate solution for you.

Debt Support Centre will arrange affordable monthly payments, usually over 5 years. After that time, any remaining unsecured debt is written off. Please note 75% (by debt value) of voting creditors must be in favour of the proposal for the IVA to go ahead.

Advantages of an IVA

  • A large portion of your debts may be written off upon completion.
  • Have one payment, tailored to your circumstances.
  • Get legal protection from companies you owe money to. Your creditors are legally bound by the terms of the agreement.
  • Save time and money with just one affordable monthly payment, usually over a period of 5 years.
  • An IVA is a real alternative to declaring yourself bankrupt.
  • Protection for homeowners. Avoid the possibility of losing your property. Although you may be required to release some of the equity in your home halfway through the final year of your IVA.
  • Stops all creditors included in the agreement from taking any further action against you
  • All charges and interest could be frozen on your accounts.
  • Continue trading as a Sole Trader or Partner.

Disadvantages of an IVA

    • An IVA will display on your credit file and affect your credit rating for a total of 6 years or up to 12 months after successful conclusion, whichever is the later and you may still find it difficult to obtain credit once your IVA has finished.
    • An IVA is listed on the Insolvency Services Insolvency Register. Your details will be on it for the duration of the IVA.
    • When you are on an IVA you cannot obtain or service credit outside of the Arrangement, including current overdraft facilities.
    • If you receive a windfall such an inheritance, you may be expected to pay this in to your IVA up to 100% of your outstanding debt plus any IVA fees.
    • There are certain restrictions on your expenditure whilst in a IVA
    • Only unsecured debts included within the IVA may be written off at the end of the IVA and outstanding debts such as mortgages will remain outstanding at the end of the IVA
    • There are costs and expenses involved in an IVA. You will not directly pay these costs but if the IVA fails outstanding debts may not have reduced as your income contributions will have been used to pay the costs and expenses of the IVA. Click here to find out more about insolvency fees
    • Homeowners may be required to try to release equity in properties in addition to paying contributions from income for 5 years. If it is not possible to obtain a remortgage or a secured loan on reasonable terms for repayment the IVA payment term may be extended by 12 months.
    • 75% by value of the creditors registering to vote will need to vote in favour for the IVA to pass.
    • Your employment may be affected if you are required to have a credit search
    • Failure of an IVA can result in creditors petitioning for bankruptcy.

Find out more about:

IVA Alternatives
IVA Case Studies

Further Debt Help and Advice

Depending on your circumstances, our debt advisers may advise you to enter a specific debt solution – and if you choose to, there will be fees involved. Click here to read more about our fees.

Call us on 0800 881 8722

Monday to Thursday 8:30am - 8pm, Fridays 8:30am - 6pm and Saturdays 9am - 1pm

Request a callback

* First Name:

* Surname:

* Telephone no:

* Email:

* I agree to the Privacy Policy

* I consent to being contacted in relation to my financial situation by DFH & our other brands.

* = required field

Latest Debt News & Debt Guides

  • 01/15/2016
    Taking part in dry January could save you money

      Thousands of UK citizens are taking part in dry January, opting to give up alcohol for the entire month, completing this challenge can help people to feel better, raise money for charity …

  • 01/6/2016
    Could you get a better deal switching your mortgage?

    If you are a UK homeowner, it is likely that you have had the same mortgage deal for a certain amount of time with one mortgage lender. Many just get on with repaying …

  • 11/9/2015
    Debt Problems and Depression

    Recent Newspaper reports have stated that the late Peaches Geldof was in £450,000 debt when she died. The 25 year old was found at her home in 2014 having taken an overdose of …