IVA newbie advice required

[Silma]

Hi guys,

Ive been looking into IVA's recently, and i am so relieved that such thing exists.

I have been in talks with 'moneyexpert' about getting an IVA, and they seem so keen on everything, that im quite sceptical about it all.

They claim that they can reduce my payments by £1000 over 5 years, and they will send a courier to collect copies of my documents including - Vehicle log book, drivers licence, 3 months payslips, copies of all debt statements.

The problem is that i dont know enough about this all, and i almost feel like i may be getting involved in a loan or something.

Anybody had any experience of Moneyexpert? the Guy sounded like he works on a market stall, lots of "hello love, hi darling" etc, calims he will sort it all out and i have a great case etc.

Ive read lots of excellent comments on Melanie Giles, and am very keen to discuss things with her.

I appreciate any advice that can be given.

[kallis3]

I would certainly check out other companies. If you visit iva.com they have reviews of companies on there.

I am with Payplan myself, but I have heard nothing but praise about Melanie, so I think you should think about giving her a ring.

[apple2]

I have just initiated contact with melanie following the advice on this forum. My first call was to Freeman Jones who sound very much like you describe - they took over a thousand pounds out of my account last Wednesday before I had even signed or returned anything to them. They were then extremely rude when I asked for a refund - which I have had today. My second call was to payplan who explained things a lot better, but have not been in touch since last Thursday even though I was promised a call on Friday - weekend at the latest. I am like you in that an IVA is anew idea to me. The only advice I can offer as a newbie - is do call around and speak to a number of different companies before you decide on anything. Initially I panicked and wanted to get my mess sorted quickly so was willing to do whatever it took. However - i now realise there is a little time to spare to make your mind up and make sure it is the right decision.

[MelanieGiles]

You might like to have a look at my blog about "Choosing and Advisor" which gives you some hints and tips about what to look for and questions to ask.

[Viki.W]

Hey silma, welcome to the forum. You'll find lots of good advice and amazing support here. Personally, I wouldn't use any company who calls me "love" and "darlin"![:0] I am with Melanie Giles and recommend you speak to her, you can get her details from the "meet the expert" page. Good luck and keep posting. Viki X

[facingittogether]

hi and welcome!

you wont go wrong with melanie and her team!

good luck, keep on posting and let us know how you get on

love barb x

[luluj]

Sorry might be being thick- but why send your log book ????? Why would they send a courier company to collect???? Contact a few firms before making a decision!

[aguise]

Hi there and welcome to the forum from me.
I know I keep saying this but get a second opinion, I would have a word with Melanie and her team, you will get the advice on all the solutions avaliable to you.
All the best

Ang

[chardonnay]

Hi and welcome,
The people on here will give you excellent advice - such as look around and Melanie would be an excellent place to start (all the experts on here are super)
Good luck with making the right decision for you,
Cx

[Soulgrowth]

Hi Silma ... welcome to the Forum ... why on earth would they need your log book?!! I would always advise to go on your intuition when choosing an IP ... good luck and keep in touch with the Forum as we are all here to help.

Debbie