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Posted: Sat Mar 13, 2010 5:38 pm
by natasha.ar
if my iva doesnt get accepted can i go through the creditors myself and make lower payments to them if they accept it.
Posted: Sat Mar 13, 2010 5:46 pm
by Shining
Hi natasha, if your IVA is rejected, then basically you'll be able to negotiate with them yourself but there is no guarantee they will either accept or freeze interest, a DMP might be another possibility and some fee paying companies have great results with these...do you have a meeting pending?
Welcome to the forum too x
Posted: Sat Mar 13, 2010 5:57 pm
by Adam Davies
Hi
You will basically be back to square one so can either, as Lesley states, deal with your creditors yourself in a hope that they will agree reduced payments or use a company to manage a debt management programme for you
Regards
Posted: Sat Mar 13, 2010 6:51 pm
by kallis3
Hi Natasha and welcome.
Hopefully your IVA will be approved. If not though, I recommend that you take advice about doing a DMP.