advice re CCCSVA please

lou756

Please would anyone be able to share any experiences (good or bad!) of applying for and running an IVA with CCCSVA?

I am sooo confused about which way to turn with regard to IVA providers.

Thank you

Nargleblast

Have been in IVA with them for a few months and so far no complaints

lou756

Thank you for replying Nargleblast
Would you mind if I asked what the timescale was roughly that they took to draft your proposal and set a meeting date for approval?

Nargleblast

Initial telephone appointment was beginning of December last year, date for creditors' vote was end of March, first payment made 1st May. Yes, it seemed a long time but in the meantime we had other phone discussions, proposal was drawn up, discussed again with any amendments sorted, redrawn and finally agreed on, then final copies sent out for signature and return. In the meantime any creditors that contacted me were told that I was in the process of drawing up an IVA proposal, they would be contacted by CCCSVA in due course, and in the meantime it would be against the rules for me to make any further payments whatsoever to creditors other than the DMP payments that were already being made. The fact that the IVA was in the process of being arranged, despite the time it was taking, was enough to make me feel a lot better about things. Hope this helps.

Charco_2

SIX MONTHS??????


Has anyone else been with CCCSVA? Are the timescales comparable?

Nargleblast

It certainly seemed a long time, but not having had anything to do with IVAs before I had nothing to compare it with. Christmas and New Year obviously held things up a bit, plus a couple of errors in the draft proposal meant it had to be amended and sent back. So far things seem to be going as (I think) they should - had an unexpected item of expenditure crop up a couple of months ago and they reduced the payment for the next month to allow for it.

Charco_2

The idea behind an IVA is that once in place, it should run like a dinky toy... it's supposed to be affordbale monthly payments after all (with out being luxury!)
However, that doesn't mean something unexpected wont arise to knock the stuffing out of ye.

Christmas and NewYear shouldn't hold up an IVA, there is less work around as less people want to consider dealing with debts and just get over the festive period. However ammended drafts can take time... if it wasn't right in the first place!

Six months is a seriously long time to set up an IVA - debts can skyrocket in that time (because you're paying nothing!) and what if the IVA is then rejected?

lou756

"Six months is a seriously long time to set up an IVA - debts can skyrocket in that time (because you're paying nothing!) and what if the IVA is then rejected?"

This is exactly what's worrying me. However, I know of someone who is in an IVA with a commercial company and apparently her timescale was about 6 months too. I'd assumed I'd be better with one of the non profit making organisations and National Debtline pointed me to CCCS. Thanks for your replies, much appreciated: I've got precisely no one that I can to talk to about any of this.

Charco_2

You've got us!

Certain cases can offer up a few complications and these may take longer to iron out... but SIX MONTHS?

A common complaint about CCCS is that it will take up to 2 months before they can even have a first meeting with you to start gathering your details. One of those cursed commercial companies could have your IVA in place by then...

CCCS will then refer you on to their IVA company... CCCSVA who are in fact a commercial money making organisation who earn money like any other IVA company.

lou756

Thankyou Charco... finding this forum and talking to you all IS making me feel much better- and better informed- than I did a few days ago!

I need to have a rethink .... I hadn't been bright enough to realise CCCSVA weren't not for profit.... and I'm not sure that I can cope with spiralling costs and the barrage of creditor calls and letters for 6 months more.

Thanks again

Charco_2

My point isn't that the CCCSVA are bad, my point is their Holier than thou, debt "charity" reputation is a shambles. They are no different to any other money making debt company out there. So instead of waiting two months for them to be ready to talk to you, why not get a head start and speak to other companies.

There are plenty of debt companies out there who will speak to you about your options for free and then you can make your own decision about your future. If you're not sure then ask more questions until you are sure. Some companies - unfortunately they are difficult to avoid - may be a bit pushy or keen to put you into THEIR preferred solution but just don't commit to anything until you're ready.

Speak to a few companies if you like

DO NOT PAY ANYONE ANYTHING UNTIL THEY'VE ACTUALLY DONE SOMETHING FOR YOU, LIKE PUT A SOLUTION IN PLACE!