PJG Recovery have a free online advice channel at www.debtadvicetv.com. If you are ready to ask us for specific advice or help, then get in touch at www.pjgrecovery.com/contact-us.asp . I look forward to speaking to you.
As others have said , seek advice elsewhere and do not pay an upfront fee.
Once you have selected a company that doesn't require a fee you and you decide to go down the IVA route you will stop paying your creditors.
Say 4-12 weeks later your proposal will be put to creditors and it is then likely the IVA company would request a deposit of the the first monthly agreed payment to creditors. This is fine and you will have the money from not paying the creditors during that period of setting up the proposal.
Last Payment - November 2011 - Completion Certificate received 2 weeks after last payment, Removed from Insolvency Register within 4 weeks after last payment.
Most reputable companies who are actively involved in the IVA marketplace would not expect a client to pay a fee up front. I would also be interested to know which firm Pat is currently dealing with - and I would advise Pat to try another couple of companies to compare the advice provided.
I'm nearly at my IVA Proposal stage, and have not had a pay a penny upfront. I'm with Vincent Bond, and Melanie Giles as my IP.
Have a chat with a few different companies, - See who you get on with, and check out reviews for the company before going with them. That's what I did, and it's working well for me !
