We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Want to become a Forum Ambassador? Visit the Community Noticeboard for details on how to apply
Help with IVA Question
fatboy88
Posts: 478 Forumite
Hi, i'm in the process of stating one with Payplan. It was agreed i would pay £227 a month and i would be paying 37p in the pound and after fees it was 26/27p in the pound. However when i got my agreement to sign they have got me down as £284 and their fees work out at nearly £7k.
Does that fee sound correct, seems like its more like 40% fees to me and its hard to get hold of the IVA people.
any advice appreciated
thanks
will
Does that fee sound correct, seems like its more like 40% fees to me and its hard to get hold of the IVA people.
any advice appreciated
thanks
will
0
Comments
-
Hi,
Im going back at least 7-8yrs when my ex partner entered an IVA agreement, Im sure (if I remember) that the first amount agreed, thats what you should be paying, do persist with the company though before signing anything official. That amount agreed should have incl all charges!
However, things have probably changed since then - sorry Im not much help
He didn't see his IVA through, and after 2 and a half yrs, he declared Bankruptcy anyway
GoodluckHi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.9K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 246.9K Work, Benefits & Business
- 603.5K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards