IVA Company Help needed please!!!

Potterer

Hope someone out there can give me some good advice.

I have recently been contacted by Direct Legal & Collections with regard to a £6,900 loan i have outstanding. I am currently unemployed after a period of illness and am living with my mother and will not be able to work until the new year.

I have looked at my options (and the fearsome reputation this organisation has) and believe that entering into an IVA is probably my best bet, if only to ensure that i do not have to deal directly with this company. But the question i have is which comapny would any recommend? I have been contacte by 123 debt solutions but looking around online some people seem to have had a bad experience.

Can anyone help me please? To be honest i'm scared stiff about this and would like to get something in place as soon as possible.

Thanks in advance.

FoggyBrain_2

I would suggest that you pop over to https://www.iva.com. There you will find a list of companies, with reviews. Have a word with a couple and get some case specific advise, It's free and without obligation. If you also visit https://www.iva.co.uk a few IP's post over there and you can get a feel for how they work. They will discuss all options with you, not just IVA, which might not be suitable at the moment.

I would not go with a company that has contacted you ---- rather one I had approached myself. It's important to speak to more than one, so that you can choose one you are comfortable with.

Have a read around the forums -- it's a bit of a steep learning curve to start and you won't even know the questions, let alone tha answers !!

Potterer

Thanks a lot.

To be honest, my head is swimming a bit and i'm terrified.

FoggyBrain_2

A good first call would be to Melanie Giles' team. Even if you don't end up using them I am told they are excellent at helping you sort things out in your head.

Penelope_Penguin

Potterer wrote: »

Hope someone out there can give me some good advice.

I have recently been contacted by Direct Legal & Collections with regard to a £6,900 loan i have outstanding. I am currently unemployed after a period of illness and am living with my mother and will not be able to work until the new year.

Is this your only debt?

If you're unemployed how will you be finding the money to fund the IVA?