I have started my process of an iva i have given all my documentaion in just waiting for the proposal. In the meantime im just wondering shall i ring all my creditors and see if i should make a token payment or ask for a abit of a grace period?
You can do - some of them will give you a couple of weeks. I suggest if you have any online accounts you go into them and delete contact numbers.
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
Your IP will inform them once the proposal has been signed. You can either head them off or wait to see who calls you. Token payments or none at all will make no difference to the outcome and it is entirely up to you.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Yes i have taken my contact number off the online accounts.
Im just thinking it will look bad if i just stop paying them without telling them if you know what i mean
Aisha wrote:Yes i have taken my contact number off the online accounts.
Im just thinking it will look bad if i just stop paying them without telling them if you know what i mean
I would guess that is what most of us did -- certainly I did.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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
Bailiffs are unlikely to turn up. Your creditors will be informed of your application. If Debt Collectors turn up, (not the same as a Bailiff) You do not have to answer the door or speak to them. You will find you get a fair few letters.
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
Making token payments will not improve your chances of success and creditors usually put things on hold for a month once they are made aware of the IVA. However if for example you are paying a bailiff to keep them at bay it would be worth making the required payment on this debt for peace of mind.
