Thanks for those replies. I did not realise it was such a big business.

Storm - when the debt purchasers see a credit file will they also see the personal details of the debtor or just the details of the debt - if you see what I mean.

I have read on a number of posts that there are companies that "buy" debts of people in IVAs from banks and credit card companies etc. and pay as little as 10% of the total debt when doing this. Is that really the end of it or do they have to pay the original "owner" of the debt more if an IVA payin...

I didnt know about this. Just had a look at the Virgin website and their card does sound quite good. I have always been put off before as I had never heard of the companies providing these cards and was always a bit wary of them. I also thought theu must somehow be against the rules in an IVA but I ...

Despite the fact that I am in an IVA I received a letter the other day offering me a "Cash Loan" at an APR of 170%. Why do companies right to people in IVAs - its a waste of time and money.

I am sure that whei I first got a credit card (early 1980s?????) the minimum monthly repayment was 5% of the outstanding balance. Since then this seems to have gone down to 3% or even 2% of the balance. What finally did for me was when the interest rate on cash advances (which I had come to rely on!...

What exactly is covered by "Disbursements". I am paying a fixed nominees and Supervisors fee but note that disbursements are extra. My proposal says that VAT is the main disbursement but I was wondering what else might be covered? Is it all broken down in the annual review? A second question - hope ...

Can someone help me with this please? I had a modification to my (agreed) proposal that my dividend to creditors would be a minimum of XX pence in the pound - otherwise the arrangement would fail. This was based on the latest balances I had from creditors against my total scheduled repayments. I acc...

Hello Richard - I think it is quite normal to go through a whole range of moods while setting up and going through an IVA. I know I have felt stressed and sad but there also the feelings of relief and knowing that you have actually got money to spend each month - even if its not much. I was interest...