Decision to Make

*zippy*

Sparkle84 your advice would have helped others DFW's reading this thread, who i'm sure are very appreciative of your time and effort.

jesster_2

I do have to agree, Nick. If you don't want to trust the advice of strangers, then why ask?

Though I have to say i'd rather trust the advice of strangers who have nothing to gain from whatever decision you make, than the advice of a salesman who's going to make commission out of convincing you to go his way.

james32_uk

Dude, as I said before the initial people you speak to at Payplan are by no means experts. The people you get through to after youve gone through all the incomings and outgoings know what they're talking about 100%.

Dont pay any attention to who can take the smallest payment. You will have to pay all you can afford after all your outgoings have been taken into account. WHAT IS IMPORTANT IS HOW MUCH THEY CHARGE! Ask all your possible IPs how much they charge. The more they charge the less likely your IVA is going to be accepted.

james32_uk

Oh, and my understanding is that an IVA will not be visible on your credit file after 6 years from it's beginning. Thsi surely would make a reasonable morgage accessible after that time. Can anyone confirm this?

UKTigerlily

Ok i've just read all of this thread ... I agree with those who have said why ask a bunch of avatars for advice if you don't want to take it from people you don't know? Sparkle ... your posts have been useful to me, thankyou! I think i'd go to Payplan or CAB, CCS etc cause like everyone says, they're not charging, they give advice without getting paid. Course the guy you spoke to will say what you want to hear & if you do have to pay, you say you don't care, but it's money you don't need to pay

sophie2483

james23_uk wrote: »

Oh, and my understanding is that an IVA will not be visible on your credit file after 6 years from it's beginning. Thsi surely would make a reasonable morgage accessible after that time. Can anyone confirm this?

As is my understanding after the 5 years that the IVA lasts, the remaining debt is wiped off, but will show as a default for a further 6 years. so 5 years of an IVA, then another 6 years with all the defaults showing. I could be wrong, but i'm 95% sure this is how it works (i work for a bank and see people's credit files on a daily basis)

I agree with the posters which have said not to trust the salesperson from debt matters - he/she will be on a fat commission to tell people what they want to hear, even if that means bending the truth.