www.iva.co.uk

one of my creditors wants some payment before the iva can i pay him

There is no problem in making an affordable payment to your creditors prior to an IVA being proposed, but you will need to ensure that a similar payment is made to all of your other creditors to be fair.

This is an unusual request and I wonder why they want a payment now knowing that you are about to propose an IVA? My gut feeling is to ask why before making any payment to them or any other creditor.

All of our creditors wanted payment before the IVA proposal, even though they knew we were going for one.

I don't find this unusual, most of my clients get harrassed by most of their creditors in the run up to proposing an IVA - even when both we and them had clearly provided written confirmation of our intentions.

Don't pay one if you can't afford to pay them all - preferential treatement to one creditor could jeopardise your IVA chances! use this time to bank the money and have it as a safe guard measure when in a IVA - your contigency fund will need to be boosted !

I was always asked for a minimum payment of say £5. I think that it enables them to clear it for a month. I didn't pay anybody, tempting as it was, as previous posters have mentioned, you have to treat them all the same

In my opinion there is no point in making any payment to creditors whilst in the process of putting forward an IVA. Save the money yourself for personal priority payments for the household. It will not affect the way your creditors will vote.

You will just have the hassle on the phone, but remain firm and refuse to be bullied.