If an IVA was the correct option surely the CCCS should have offered that at the beginning rather than making you pay into a DMP for four years. Even if the interest was frozen you will have been paying back for nine years rather than five in an IVA or three in bankruptcy.
Given that the CCCS are paid an effective commission from the banks there will always be a suspicion about impartiality especially in cases such as housewife's. There may be some good reason why an IVA was not discussed at the beginning and Housewife please let us know.
Hi when we first took out a DMP to be honest we were just glad that the worry of having to find money we just didnt have was taken away by just paying one payment to CCCS, An iva was suggested to us a couple of years in but through a different company but we didnt take it up then, i think i was just scared to take that next step at that time.Then CCCS Started doing ivas also and an advisor suggested the iva route again thats how we got our iva. Cccsva also said the bankruptcy route was best for us but we wanted to pay our creditors back as much as possible.I understand what your saying about way wasnt an IVA suggested to us in the first place instead of a DMP all i can say is i dont know why!
So far as I am aware CCCS were doing IVAs four years ago as well, so it is interesting that this was not offered to you as an option at the time you entered into the DMP.
Not sure they were doing IVAs as far back as 2003, but that still does not excuse the fact that the option should have been offered to you, as I am sure that they used to refer IVA cases to other insolvency practitioners before setting up their own team.
