Token payments I stopped paying into my DMP as I am trying for a iva but have been contacted by 2 creditors asking for a token payment should I pay them or wait to see the outcome of my iva thanks s544
The choice is yours - we never made any to our creditors, but some people do.
It makes no difference to the outcome of your meeting whether you make a payment or not.
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
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
I dont think it makes any difference,use what you would have been spending on toekn paymewnts to make a little contingency kitty for emergencies during your iva.
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
It makes very little difference to the outcome of the IVA, but could stop you being harrassed in the meantime if you make a gesture to the creditor. If you are going to do this, try and pay a little to each one of your creditors to avoid unfairness.
