is there an upfront payment to make when agreeing an IVA ?

[Nicola.th]

is there an upfront payment to make when agreeing an IVA?
thankyou

[luluj]

Welcome...depending on the chosen firm to represent you you ay be asked to pay your first months IVA ay meant just before the creditors meeting. The are some IVA firms that do to require this and you make your first payment a month after the creditors meeting.

I certainly would seek two or three IVA firm opinions on your situation and gain their advice ....a good starting point would be www.iva.com which will give you a list of recommended IVA providers.

[Niobe]

Hi,

There are also companies that will do the initial legwork for you and then pass you onto an IP and they will usually charge two or three months payment for doing so.

Visit the link suggested by Liz and speak to a couple of the companies on there.

[Shining]

If you are asked for a payment I would definitely ask what the payment is for as most do not and if like my IP you were asked for a month up front ensure it's refunded to you in the unlikely event the IVA wasn't accepted. once my IVA was accepted on Feb 8th 2008 I only then had 59 payments to make as I had made one payment. x

[Niobe]

Vincent Bond do ask for upfront payments but that is because they do the initial work for you.

You can choose a company that does not charge though,