IVA Debt calculator

I am looking or a freelancer who can work quickly to provide my client with a calculator for an IVA - a debt management solution available in the UK.

The parameters to be eligible for an IVA are as follows -

Minimum Creditors 3. (can't be from same institution ie barclays overdraft and barclaycard would be counted as on)

Minimum amount owed to creditors £15,000

Minimum contributions (disposable income £300)

Minimum dividend (pence in the pound return to creditors) 30%

Dividend is calculated by multplying the contribution/disposable income by 60 (5 years)

Subtract fees including VAT (estimation of £7K)

Where a full repayment is predicted the fees have to be added on to the debt so if some one owed, for instance £23,000, the fees would be added which would make it total repayable of £30,000

If the client is a tennant and has less than £300 disposable income then its bankruptcy

If the client is a home owner and has less than £300 Disopsable income its debt management.

If the client has more equity than money owed to creditors by 15% then it is a remortgage (working to 85% LTV as most will be self cert or adverse)

There are many variations to the above which should only be a rule of thumb. Whatever the outcome I would like the last paragraph to say that they should contact us for further advice.

The calculator has to display the out come in either potential monthly payments, ineligibility or any of the other options raised. I would prefer the script to use AJAX to keep it nice and simple.

An example of one such calculator can be found at [url removed, login to view] and my client would like the same features.

Please be aware that there is a short deadline on this job so if you are not 100% confident with the job do not accept it.

Skills: Javascript, PHP

See more: ajax debt calculator, www us freelancer, www it freelancer co uk, www freelancer uk, www freelancer in uk co uk, www freelancer c uk, working home as a freelancer, working from home options, working from home freelancer c#, working at barclays, work from home with no fees, work from home co uk, work from home co, work from home advice, work at home with no fees, work at home options, work at home no fees, work as a freelancer at home, who is the owner of freelancer, us client from freelancer

About the Employer:
( 11 reviews ) Rotherham, United Kingdom

Project ID: #161898

Awarded to:


Hi, Please check PMB.

$52 USD in 2 days
(96 Reviews)

3 freelancers are bidding on average $64 for this job


I can start right now.

$40 USD in 2 days
(10 Reviews)

you explain me how is the calculation but this is really easy and I'm offering you a complete tested product. Also I'm thinking of adding a DB to save some tracking info. If you're interested, let me know... we can dev More

$100 USD in 3 days
(0 Reviews)