Edit

[MelanieGiles]

IPs should steer from being judgemental when advising clients. I have a number of clients who have suffered from on-line gambling, and as long as I can be assured that this will not continue, and the history of this is fully disclosed to creditors (who generally are not really interested) there should have been no problem taking you on.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

[goulda]

Melanie - you might be pleased to know the only gambling i take part in now is the Saturday lottery £3 per week. Since my IVA started i packed in all gambling

A. G. Gould

[MelanieGiles]

Don't forget that if you win - you have to hand the money over as a windfall!!!

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

[MelanieGiles]

Yes - you only need to pay what you have to pay. And any balance will be yours to enjoy.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

[Beechy]

Hi

If you do win (good luck) your creditors are entitled to payment in full plus stat interest.




Dave Beech

[Cybus]

when i applied for an iva, i went to thomas charles, were i had to pay them two months fees to show that I could manage the payments - they did say if the IVA was not succesfull the money would be returned. Then they passed me on to accuma who finished everything of. the teo payemnts mad to thomas charles did not go in to my IVA.

Questions -

1 - what happened to that money, was it just to pay thomas charles ?

2 - If I had known better should i have gone direct to accuma and not had to pay these two months?

no matter how bad money gets, theirs stll alot more important things in life

I think you need to look closely at the letter of engagement from Thomas Charles and establish exactly what those monies you paid to them were used for.

I note they are represented on this forum and hopefully will be able to pass comment on your circumstances directly. Their website does state

Our fees:
We charge 2 extra payments (so your IVA is 62 months rather than 60 months). These payments are based on your affordable income and you would need to talk to an advisor to find out more. Click here for a list of advisors.
PLEASE NOTE: These two payments are refunded if the IVA is not accepted.

On only a very brief glance of the website, I was unable to find mention of any Licensed Insolvency Practitioners. I can only assume from that that they are debt advisors and as such, without a Licensed Insolvency Practitioner, cannot put forward IVA's themselves and refer them on to, in this instance, Accuma. However, as an advisor they would be entitled to charge you for their advice.

It's always worth weighing up the pros and cons of consulting an advisor as opposed to a Licensed Insolvency Practitioner.

Tell it like it is.

[Beechy]

Hi

It is important that you know who you are dealing with before you commit any money to anyone.

Most IP's will not take money from a client before work has been completed. Genrally an IP will ask for the first payment a week before the creditors meeting.

Dave Beech

[Adam Davies]

Hi
I can understand the logic in wanting to go straight to an IP rather than via a third party but sometimes an introducer can be worth the extra cost.There are over 300 IVA provideres so finding the right one can be difficult,some do not deal with self employed cases and some have terrible customer service.
I'm not saying that you should use a third party but that it can,in some instances,be worth considering.
However when you have used this forum you are then quite capable of choosing an IP directly as many of your questions and concerns have been answered.

Andy Davie
IVA.co.uk Spokesperson and Website Manager

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp

[Beechy]

Hi
With the changes that TIX and others are implementing I think the number of third party companies will reduce in the near future


Dave Beech

[MelanieGiles]

Andy

Most introducer companies have direct links with one or two IP companies, so they are not actively assisting their client to find the right IP.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

[james.c]

I went through a third party were I had to pay up front fees, which for some time, i wish i had gone to an IP to direct.

Having said that, I have to agree Melaine, if I had not gone down the route I did, maybe me IVA would not of gone through as quick as it it did or run smoothly.

no matter how bad money gets, theirs stll alot more important things in life - 48 payments to go

[Adam Davies]

Hi
Good point Melanie
Maybe we need to see these companies acting like mortgage brokers with access to a wide range of IPs
Regards

Andy Davie
IVA.co.uk Spokesperson and Website Manager

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp