www.iva.co.uk

HI
I have been offered a iva for the cost of £440 the iva is not garrenteed and my Q. can i get it cheaper?

Hi Paul and welcome.

Is this the monthly payment you are talking about? If so, an IVA is decided on the amount of disposable income you have after paying your priority bills. It is unlikely to change much if you try other companies.

Indeed, all debt solutions should be based around affordability and as we all have to sing from the same hymn sheet, as it were, you are unlikely to find massive differences. It is certainly advisable to speak to 2 or 3 providers, however, and then make your decision from there. Monthly contributions can also be affected by any creditor modifications as well.

Regards.

Hi Paul
Your payment will be based on the amount you have avaliable after paying your necessary living costs. As Jan says this shouldnt vary a lot between companies.
If you are unsure then you can always get the opinion of amother company.
Do make sure that your payment is an affordable livable amnount for you. A tight expenditure can
leave you struggling from the outset.

Ang

Ang

Can I ask that you be extremely wary of any company who says that you have to pay an unaffordable sum. This is a recipte for disaster, and your IVA is most likely to fail.

Hi there

When you have worked out you income and expenditure it should be clear to you what you can afford and would feel comfortable paying. make sure you do not agree to anything unrealistic otherwise this will be doomed to faliure.

I consulted 2 companies for advie and the figures did vary. The first caompany proposed a much lower amount, but I have no doubt that this would have been modified by creditors as it was clear I could afford more. I am happy with my monthly payment, and it has all worked out really well for me.

Make sure you are getting good advice and are not rushed into making decisions. I could not just ring up the first company i spoke with but had to book phone appointments, which is no good if you are really worried about anything and need an answer.

As others have said have a look on www.iva.com as that gives reviews of all companies and can be very enlightening.

Good luck
Emma

emma, it is worth speaking to a few different companies, when i staryed my journey i was happy to accept the first lot of advice, as i was so vunerable, but thank god i did more research and i was led to this forum and chose one of the advisors off here, if you are not happy with what has been proposed to you then, as such shop around, but its not about getting the cheapest proposal, its about getting the right proposal for you, that is going to be accepted by the creditors. good luck.

I would say if your looking for a " cheaper" IVA, then an IVA is not the best solution, the idea of an IVA is you pay as much to your creditors you can afford after living expenses etc, with out leaving it possble to pay, have you considered BR

An IVA is hard and persons have to keep to strict budgets for its duration and for Protocol compliant ones have to adhere to the CCCS expenditure guidelines - BUT if the IP you consult gives you the appropriate advice after taking into account all of your financial circumstances and he/she advises an IVA then go for it. You'll be supported all of the way by the "friendly community" here on iva.co.uk. Good luck