I have finally made my decision and am going to go with Melanie provided she feels IVA is best route. Even if not, I have today realised that my DMP company takes £35 per month from a £188 payment!! This might be normal but seems really high! anyone else got experience of these charges?
Really wanted to thank everyone for their help and advice on choosing my IP,m and I will keep you posted on progress.
sounds about right to me. My dmp payment was £350 and £50 a month was kept. Don't forget that there will also be a monthly fee taken out of the monthly payment for the IP to supervise the IVA.
IVA.co.uk The best place for debt advice. Thanks to Melanie Giles, David Mond, David and J (Elv5) Kallis, Dand, Skippy, Andy Davie
Chris - all I can say, is your in the best possible hands. I have met Melanie ( though she wasn't hubby's IP) and not only is she very professional, but she's human too [:D]
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
yep, totally agree, you are in good hands. The IP jungle can be a nightmare and it is good you have found this site and therefore good IP's, who more importantly, actually care about the people they work with.[:D]
Never take a moment or a loved one for granted in the blink of an eye they may be lost forever.
In answer to your query on DMP monthly charges - this does vary from company to company and can either be a flat fee or a percentage of the monthly payment varying from 15% to 20%.
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
