I.V.A. - No Thanks!

[oskiee6]

lets go back to the point about IVA companies profiting from people with debt. my credit card companies offered a period of 0% then 14% APR they then shortley after raised it to 29.9%, i tried my best to jugle between cards but got deeper into debt. if the credit card companies stuck to thier promise then i would have been able to pay my debt. so the question is do i care how much the IVA company take and how much they give to the credit card companies HELL NO![xx(]

[millsy22]

it makes me laugh when folks complain about the fees any profession charges or they wouldnt make a living if you could do it yourself then go ahead but i and my OH were grateful that there was someone else to do all the work and if the cc companies are happy with the result good luck to the ips who i feel deserve thier money they do the work and in the end keep the wolves from the door

[kallis3]

Couldn't agree more!

[carole2662]

What price do you put on peace of mind and security from horrid calls and interest. I personaly would have paid anything and think the fees I am paying are worth every penny. My daughter went bankrupt because she didnt want to pay the fees, so we all have a choice.

[flow13]

carole, I agree, they are worth it. xx

[leaKybrain]

too blooming right. Have just read out the post about interest to my hub and I made the point that just one cc was charging £90 a month interest and that was only one. £20 od interest fees and not sure what other two cc were charging, but if you add all this up and judging from what our payments might be, only a fraction of this will be ip fees. So I say..............IVA YAY, everyone has their own opinion and own choice and i would never presume to force someone to do something they don't want to do, but neither would I assume one phone call from a cold caller was the way to go.

[andrea1968]

my debt management plan would have lasted AT LEAST 17 years-no frozen interest-debts still mounting-my IVA is for 6 years-fair enough you have to contribute a percentage of extra income-obviously some people throw their dummy out of the pram when told this-but you cant have it all ways-if your incomes on the up you wouldnt be considering any debt options-would you?[:D]
as for the fees-they deserve every last penny-you cant put a price on peace of mind.my marriage-friendships-family in fact every aspect of my life was overshadowed by worry over debt-all because im too ill to work anymore.ive always worked hard and spent hard-now i cant to do either so i will relax in the knowledge that someones being paid to take all the worry away-because theyre worth it(flick hair and smile)it sounds like im being flippant but when the moneys rolling in everyone wants to throw you some more-but when it hits the fan you find out just how vicious your "friendly"bank manager or credit company can be.[:)]

[Dominic]

A debt Management Plan can be cancelled at any time an IVA is secured by a court order and also as lng as you fulfill all your obliogations endes after 5 to 6 years while DMP can last 25.

[kallis3]

There is nothing to stop you from pulling out from an IVA at any time, you will just go back to square one with your creditors.

The choice is yours but an IVA is the best way to sort your debts out easily.

[carole2662]

Three cheers for IVAs

[size5]

It is to be remembered that there are NO ideal debt solutions, not one. There are only choices and alternatives, and your individual point of view will determine which route you take for yourself. Ideally, no one would need any help at all, but that is never going to happen.

Occasionally, I do get a little cheesed off at people who have taken the advice of the ambulance chasers, at a pretty price no doubt, who then see fit to call into question their own original decision by slating their IP firm. It's a bit like calling the fire brigade to put out a fire and then 6 months afterwards accusing them of starting it in the first place.

Assumedly, the original poster, whom I also do not believe to be geuine anyway, is more than happy to pay increased payments on an IPO due to the upturn in income, and take the further 6 year hit on the credit file or perhaps they are suggesting that Jefferson Hobbs have helped produce a financial statement that will not lead to such an outcome, a spot of creative accountancy if you will. Heaven forbid that anyone could assume something like that of such a firm as that is all I can say.

Regards.

[Victor.vb]

You always follow what is best for you. From the forum It is obvious the IVA is well suited for most of us. DMP have some draw backs as stated in the forum.

[Andy1964]

Three cheers for IVAs

Yeah........deck..dining..and comfy!






Sorry Carole, I thought it said chairs [:I]

[leaKybrain]

LOL Andy, daft thing

[thepartysover]

This time last year, my Husband and I found ourselves in a financial situation that was no fault of our own.
We were advised an I.V.A. was the best way forward, what a load of rubbish. It is the biggest scam going, for so called "Debt Specialists" to make a load of money out of desperate people. We have been in an I.V.A. for 9 months now and this last year has been one of the worst years of our lives. If you are in a situation where you have the potential to possibly better your financial situation then an I.V.A. will definately not be the way to go. Believe me, you get advised on all the so called good points about an I.V.A. but you won't be told about the bad points if you are fortunate enough to better your circumstances. All along I had told the IP that there was a possiblity in the future for me to earn more money and at no point did they tell me that once the agreement was signed then every extra penny goes to the I.V.A.
Today we have had a meeting with Barry Pitt from Jefferson Hobbs who has just taken a hugh weight of our shoulders.Please anyone considering an I.V.A. look into a Debt Management Plan first. We are in the fortunate situation that we have made contact with Jefferson Hobbs who have helped us out of a bad, ill-advised situation and we now no longer have this huge grey cloud hanging over our future for the next 5 years.