Hi folks. Just joined your forum. Some good interesting comments and very helpful replies. I am 18 months into an IVA. All is going well. With my experience I will do all I can to help. I was just wondering about recovery agents. Some of my debts have been taken over by Max Recovery (Eversheds). Doe...

Hi David.
I have two cars on HP. I took out the loans before my IVA started, a total of £320. These are excluded from the IVA. But remember that once the loan is paid off you have to put that amount into the IVA and will not be able to get another loan.

Good luck for Thursday. Just remember, you only have to pay back the monthly amount you can reasonably afford. They can not ask for an amount which will leave you unable to cope.WHEN your IVA is agreed, you should economise as much as possible for a few months. I did this and got used to spending le...