going directly to my creditors

[clarey]

I currently have an IVA, can I go directly to my creditors to offer an early settlement?

[MelanieGiles]

Hi clarey and welcome to the forum

No - this will need to be via your Supervisor. Is there any reason why you would want to cut them out of the decisions?

[clarey]

I entered into my IVA at a time when I was, not unlike many people in my situation, desperate. The IVA ended up taking over five months to eventually get in place (not through my doing). By that time I felt I had no option but to go with this company. Their fees are a lot more than what I'm paying back to my creditors in total but I had no intention of "cutting them out". However, I very rarely get a response to the letters I send them (apart from the one I sent informing them my salary had risen, when they asked for more money every month) and am peeved at the lack of contact from them.

[chris.g]

There's a lot in IVA's that complain about the same thing. I think the best thing is to try and get to speak to your ip/supervisor directly, not always easy I know. That way you're dealing with the organ grinder and not one of their monkeys...
xx

[TheMatrix]

I guess the IP has a responsibility to the creditors first and foremost to keep their costs down once the IVA is approved and some are only interested in communicating if it is in the creditors interests and keeps their costs down.

I was shocked at my IPs hourly rate after reading their annual report to creditors. I'm definitely in the wrong job!!!