www.iva.co.uk

i am in the process of setting up my iva.the debt company have a one off fee of 500 pounds for their services.is this a fair representation of what most firms charge?

If you are using an intermediary firm this fee is not unusual and may be worth it. If you contact an IP firm directly it is highly unlikely that you would have to pay any up front fee at all. It really depends on whether you believe this firm has done enough to justify their fee or if they are just going to pass your name to a firm of IPs.

I would certainly look around for another firm who have their own IP's. They will not charge you this fee.

If you visit the experts link on the left hand side of the page, you will find a list of IP's and their contact details. Give one of them a ring.

The advice is free.

You should visit www.iva.com and see reviews on a number of IVA firms and pick one or two and ring them. They don't charge upfront fees.

Let us know how you get on and remember that we are here for any questions you might have.

Check out the website that David gave earlier, and see the reviews.
Give a couple of them a call and have a chat with them regarding the fees that they charge.
Not many now charge fees upfront.

Any progress oioiboy?

A lot of the firms just ask for the first IVA payment upfront, others are happy for you to pay immediately after approval. If you've stopped paying your creditors, that will give you time to build up that payment.