Iva

danp100

hi,
i am looking to go down the route of an IVA, i am currently talking with a company that i found. the website is IVA.net. i am aware that they will take a small fee but this isnt up front, it is out of the monthly payment once an agreement is reached with my creditors. Having thought about it i should have probably have gone with one of the charities. I am however close to supplying all the information that IVA.net requires from me. I was wondering if anyone else has dealt with this company and what experience they have had with them?
many thanks for your advice
dan

iolanthe07

Having thought about it i should have probably have gone with one of the charities.

Yes you should. I would cease all communication with any net based company and do just that. Have you signed up to anything?

bottleofred

Hi danp,

Never ever pay for something that the debt charities can do for you. A dmp with the cccs may be the way to go and I would advise you to contact them.

IF

Hi danp100, I would post your question here too.

IVA - Individual Voluntary Arrangement board - Click here

Best wishes
If...x

RAS

Hi

The fee for an IVA is around £6,000, aftewhich your creditors start to get paid (it is usually up front).

Has your provider explained that if you do an IVA, it is a metter of public record for life? You have to tell any creditor who asks, as they will if you ever want a mortgage.

danp100

thanks for the replies. although it is not a charity there is no up front fees, and i have got a long way now with the process think i will need to stay with them. to be fair they have been very helpful. i am aware this stays on your record, and the iva lasts for 5 years of payments, but i see this as being my best option.

tallyhoh

You should be aware of the number of these companies going **** up and adding even more to your debts. Dont feel obliged to stick with anyone because they have seemed helpful & its a long way down the process. Check out todays Daily Mail (money section) for another dreary tale of someone losing out.
http://www.dailymail.co.uk/money/article-1358702/TONY-HETHERINGTON-Help-added-5-000-debt.html