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Posted: Thu Mar 26, 2009 12:45 pm
by co1
chuchwood Financial also told us our monthly payment would be £210 per month this is rather less than the £395 first payment before the first meeting with creditors
Posted: Thu Mar 26, 2009 12:52 pm
by size5
Ouch.
You do really need to ascertain whether this would be refundable in the case of rejection, and also whether it would be included in your IVA, ie not another 60 months on top of the 395, in the case of acceptance.
Regards.
Posted: Thu Mar 26, 2009 1:00 pm
by soreloser
Is it not too late to pull out from Churchwood if you are having doubts?
Going with another IP might cause an initial delay, but you are going to be saddled with these guys for years if (as we hope) your proposal is accepted.
Why not give Mike (size5) a ring - he's a very helpful guy and I speak from experience.
Posted: Thu Mar 26, 2009 2:08 pm
by kallis3
As I mentioned in a previous post - I would definitely seek advice from a further IP before making up your mind.
Posted: Thu Mar 26, 2009 2:11 pm
by flumpy dog
hey co1
sore loser is spot on. if for any reason you are unsure whether these guys are for you have a look on
www.iva.com and perhaps seek guidance from one or two other companies just to rest your mind
as sore loser states you are likely to be with this company for the next 5 years and need to feel happy dealing with them for that length of time.
if you need anymore help please post
Posted: Thu Mar 26, 2009 6:54 pm
by nobby2009
i started the IVA process a year ago with this company and they were awful!! i ended up leaving them and i have now started the process again with another company. i'd look somewhere if i were you.