Hi i being put forward for an IVA just need to send information...which i happy about...but i also been asked if i like an IVA payment protection..my question is..
1.Is this a new thing.....
2.Is it a good thing (great if my payment is protected)how much,cost is there to me for adding this..
3.Anyone added this to there IVA be nice to hear what they think about it...
Hi, good luck with the creditors meeting when you get there.
Payment Protection is a new thing a few companies are trying due to the new Protocol proposals which IVA company's are using at present. They give much flexibility if clients have a dramatic change in circumstances.
Check out all of the small print before signing anything and make sure you can afford any extra cost that this may incur.
Good luck
I recommend that you check out Coveritall's website (you can find his details under the experts link on the left hand side of the page).
He does a range of insurances, including IVA payment protection.
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
Its available to anyone i got mine added to my expenditure list at review time when i had a payrise as it benefits both party`s and no increases to the iva payments were made as this payment was taken into account.
My IVA was agreed in August 2008 with Payplan and the IVA protection was added in with the payments I make to creditors. For me it was worth it for piece of mind
