I have around 28k debt and was told I could do an IVA until they discovered that I had debt with Everyday loans, then told me that as the amount I owe to everyday loans is about 50% of my debt that they would reject an IVA so I should go for a DMP instead.
Is this true and can Everyday loans just reject an IVA even though they are willing to accept a DMP?
Hi.
Speak to one or two smaller companies - you may be able to do an IVA.
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
One of my debts was with Everyday Loans, when it came to the creditors meeting they and Santander were the only ones to vote, they both said yes with no modifications.
And that was after I rung them to explain I was entering into an iva, and they said they would reject it.
Which provider has told you this ? Yes, a creditor can arbitrarily decide they will accept no IVA's as a matter of policy .... but it would seem from other posts that they sometimes do say yes !
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
