Difference between IVA and DMP.

Starry_Night · 13 January 2009 at 6:21PM

Hi fellow debtors!

I had a telephone conversation with CCCS last night and have been given a telephone appointment with one of their debt counsellors for 26 January for them to advise about my debt problem. Before doing so, could anyone tell me the difference between IVA and DMP so I can understand this before speaking to them.

Thanks for your help.

copier_guy · 13 January 2009 at 6:53PM

Fellow Debtor, how rude, i am a pre bankrupt!!!!

A DMP is like a gentleman's agreement you cant make them freeze the interest or adding charges, an IVA is a very formal way of paying your creditors im sure interest and charges are frozen. It normally last 5 years

http://www.nationaldebtline.co.uk/england_wales/factsheet.php?page=26_individual_voluntary_arrangements

Starry_Night · 13 January 2009 at 7:11PM

Thank you for that and I sincerely apologise of my comment of "Fellow Debtors"!!!!:rotfl:

Difference between IVA and DMP.

Comments

Confirm your email address to Create Threads and Reply

🚀 Getting Started

Categories

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free