Hi all, I am in the very early stages of starting an IVA and thinking of using Vincent Bond they have been great over the phone but the only that worries me is that I have to pay to payments upfront before my creditors meeting will take place and my IVA begin (hopefully), Does this mean they would be less likely to push the IVA through for me onc they have recived their payments. I hope this doesn't sound awful just really stressed and worried [:(]
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
The only 'up front' money we will have to pay is the first payment cheque that shows our commitment to being in this IVA. This is to be sent with the signed proposal so its available for the creditors meeting.
We should have done, but as we had no debit card or cheque book with Nationwide we were unable to. Payplan were quite happy for us to just set up the Direct Debit afterwards.
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
Some companies do charge an up front fee but the pack they then provide to the IP is completed. This does speed the process up and they deal with creditors in the meantime. VB are a well respected firm and their success rate is among the very best.