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Posted: Wed Apr 15, 2009 10:52 pm
by s544
Token payments I stopped paying into my DMP as I am trying for a iva but have been contacted by 2 creditors asking for a token payment should I pay them or wait to see the outcome of my iva thanks s544
Posted: Wed Apr 15, 2009 10:54 pm
by kallis3
The choice is yours - we never made any to our creditors, but some people do.
It makes no difference to the outcome of your meeting whether you make a payment or not.
Posted: Thu Apr 16, 2009 3:07 am
by David Mond
Ask what your IVA provider suggests!
Good luck with your proposed IVA.
Posted: Thu Apr 16, 2009 8:14 am
by plasticdaft
I dont think it makes any difference,use what you would have been spending on toekn paymewnts to make a little contingency kitty for emergencies during your iva.
Posted: Thu Apr 16, 2009 8:56 am
by MelanieGiles
It makes very little difference to the outcome of the IVA, but could stop you being harrassed in the meantime if you make a gesture to the creditor. If you are going to do this, try and pay a little to each one of your creditors to avoid unfairness.