Early Stages

Get expert opinion. This is the place for new questions to be posted.
8 posts Page 1 of 1
 
 

never-again

User avatar
Posts: 9
Joined: Sun Oct 24, 2010 5:14 pm
Location:

Post by never-again » Wed Oct 27, 2010 6:47 pm
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 [:(]
 
 

baldy

User avatar
Posts: 582
Joined: Fri Jul 23, 2010 7:25 am
Location:

Post by baldy » Wed Oct 27, 2010 7:23 pm
We went to the CCCSVA for our IVA, took a while but we didnt pay a penny up front.

You just have to talk to a few companys and go with your gut feeling without parting with loads of money up front!!

Search the forum for ideas of what others have done and do what you feel is best for you.

Dont jump at the first offer its a big commitment and you need to feel comfortable with who you use.

I hope that helps you, and dont be afraid to ask loads of questions on here, the people are really good.

Good luck
 
 

never-again

User avatar
Posts: 9
Joined: Sun Oct 24, 2010 5:14 pm
Location:

Post by never-again » Wed Oct 27, 2010 9:29 pm
Thanks for the advice I am so confused at the mo
 
 

Shining

User avatar
Posts: 27019
Joined: Thu Sep 20, 2007 8:57 am
Location:

Post by Shining » Wed Oct 27, 2010 10:23 pm
It is a confusing time and VB do come highly recommended on the forum, they will do all the legwork for you and pass you on to a reputable IP.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
 
 

kallis3

User avatar
Forum Expert
Posts: 77176
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom

Post by kallis3 » Wed Oct 27, 2010 10:36 pm
You can trust VB, they use excellent IPs.
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
 
 

leaKybrain

User avatar
Posts: 1102
Joined: Tue Apr 01, 2008 10:12 pm
Location: United Kingdom

Post by leaKybrain » Wed Oct 27, 2010 11:35 pm
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.
 
 

kallis3

User avatar
Forum Expert
Posts: 77176
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom

Post by kallis3 » Thu Oct 28, 2010 6:33 am
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
 
 

Michael Peoples

User avatar
Industry Expert
Posts: 15189
Joined: Mon Nov 03, 2008 12:36 pm
Location:

Post by Michael Peoples » Thu Oct 28, 2010 9:56 am
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.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
8 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”