OK, clear now

Probably a stupid question but I'm going to ask anyway. Looking through reviews of various IVA reviews and many state things like "My dividend was 74p in the pound", does that mean the agreement was to pay 74p in place of every £1 owed or 74p in each £1 written off?

Quick IVA : noticed the advert on the website offering to clear the IVA within 3 months if you can come up with an upfront payment.

Is this too good to be true ? (although coming up with 25% of the overall debt could be a problem)

Thanks

Thanks for the advice, much appreciated

One more question: I have a car on finance (in my name) which I need for work and my employer pays me a monthly fee over and above my salary towards this. Reason being my employer is overseas so can't lease a car in the UK. Am I likely to loose the car with an IVA even though payments are all covere...

does the mobile company actually get contacted or is it just a case of if they see you credit score go through the floor?

If only working from credit score I guess if your payment history is fine then no problem.

Also, what is the typical time span to build up a good credit rating ? Not that I want to see another credit card again but I guess a good rating has implications in other ways.

OK, understood.

Does setting up an IVA in the first place affect things like your existing mobile phone contract? I think I get around no credit cards or loans by using a prepay card but I run up large mobile bills each month due to my job which my employer pays back each month.

Thanks David, Can I ask if at the end of an IVA with all payments made on time do you then have a clear credit file or do you have another 5 or 6 years after that point where it shows up? Just want to try and cover every option so I don't regret any decision made now with relation to say a mortgage....

Thanks Melanie. I do intend finding someone after I speak to my accountant next week to see where I stand with my own tax liability.

Hi, I’m sure you’ve been contacted by people with all sorts of credit issues but mine seems to be worse than most and I need to find some light at the end of my very long tunnel. In summary I’m 43 years old and now I’m employed by an overseas company as a sales manager which involves a lot of overse...