Anyone with Thomas Charles - IVA

[Anna]

Thanks but I do not mean letters of authorisation.

I have seen it here on the forum about people letting their creditors know about plans to go IVA way - that is before any letters of authorisation are drafted....

Yes, I am a pain... sorry

http://anna.blogs.iva.co.uk/

[kezza]

This forum is designed to gain as much info as possible, to do this you need to ask questions
I did not send anything, I suppose it's down to your own discretion as to how much info you give to your creditors. It has been said that they appreciate the fact that are kept in the know and not having it sprung on them.

After explaining each month of difficulties I then told them in telephone conversations that that was the route I was taking.

[Anna]

Thanks for that - a bit clearer for me now...

http://anna.blogs.iva.co.uk/

[gimmewine]

Thinking ahead here Anna, if for whatever reason you do not get accepted by Co-op, don't despair. The website below (Think Banking) offers guaranteed acceptance and you can apply on line. There is a fee of 12.50 a month though, but they manage your regular commitments for you.

http://www.thinkbanking.co.uk/

[Anna]

Thanks Gimmewine, will see what happens on Wednesday.. and if no luck - will try this.

http://anna.blogs.iva.co.uk/

[i_a]

Hi Anna,

I'm going through the process with TC and Accuma right now and what Kezza says is spot on. TC do a lot of the preparation work and you pay them effectively 2 of the payments you would pay during an IVA.

What I did was stop paying everyone (on TC advice) and then paid them instead. It's fully refundable if the IVA dosen't go through.

The were excellent in every way - I would recommend them. Hope this helps.

[aguise]

Hi Anna
All I did with debits was open a new ac and cancel them all via internet banking (but not the loans to the bank) I then rang them all council tax ,electric,gas,rent,water etc and told them I was re arranging my finances and gave them the new ac details it took a couple of hours on the phone but I sat with a nice coffee and put my feet up while I did it. I am with think banking as gimmewine suggested, they will open an ac straight away over the phone and give you an ac no ,, debit card with the ac, so no charges for pre paid cards and the ac is designed specifically for people in our situation. They manage your ac with two acs side by side and then keep back all your bill money and transfer the rest to a b ac which is then all yours. They do charge the 12.50 but you would pay for a pre paid card and this also covers for any bank charges you could get, though with this ac its difficult to get them. No intrenet banking as yet but it is coming later in the year, as I am sure it will, as the debit card was promised and mine arrived the other day. They are always friendly and never bothered whatever you ring up for.

Hope this helps

Ang

[neverending]

I have to agree with Aguise regarding "think banking",it really has been the best move that I made.All your bills are paid and what is left is yours.
Its just another way of getting your life back in order.
regards

[Anna]

Thanks but at this moment it looks like I can not even get an IVA....

http://anna.blogs.iva.co.uk/

[Oliver]

Hello Anna

I think the other forum posters have done a sterling job answering your questions already.

Thomas Charles charges two payments to it's clients. These are calculated on the disposable income available for the client after it has been agreed that an IVA is the correct course of action and the client has been informed that they can stop paying their creditors. You will never be asked to pay anything that you can't afford to pay.

For this fee Thomas Charles provides you with your own dedicated Debt Councilor who will guide you through the initial process of completing your Statement of Affairs. This SOA will be compiled for you by your Debt Councilor and fed through the Thomas Charles Quality Control process which will see Administration staff and Quality Control Officers putting the final touches to your case before it is then fed through to an Insolvency Practitioner who will put the proposal forward to your creditors. In the mean time you will be issued with Letters of Authority to all your creditors informing them that all correspondence should now go through your Insolvency Practitioner.

Thomas Charles has a 99% acceptance rate and will refund fees and offer compensation on cases where the IVA is not accepted unless agreed otherwise by the Debt Councilor.


Best Regards
Oliver

Thomas Charles and Co Ltd.
Experts in personal debt solutions.
Read customer feedback at: www.thomascharles.com/about_us.asp

[ian]

Hello Anna.

All i can say on this subject is that i used ThomasCharles, and Wilson Phillips.

They were,and still are brilliant,both firms were always there for me when i needed them.

They got my IVA accepted the first time last Thursday (15/03/07),and i had 13 creditors, and offering 25p in the £.

So i would recommend them to anyone needing them for the same reason i did.

Regards.

Ian

[Sopty]

Hi Anna.

I would like to add to what Ian has said, I am using ThomasCharles, and Wilson Phillips also.

They are brilliant,both firms are always there for me when i need them, and are helping me greatly through a stressful time

I have my creditors meting arranged now for 18th April and its now just a matter of waiting!!

So i would recommend them also to anyone needing them for the same reason i did, my view is, any fees I have paid, seem well worth it for the service and advice I have got so far.

Good Luck in whatever you decide.

Mark