www.iva.co.uk

Hi all, I am in the very early stages of starting an IVA and thinking of using Vincent Bond they have been great over the phone but the only that worries me is that I have to pay to payments upfront before my creditors meeting will take place and my IVA begin (hopefully), Does this mean they would be less likely to push the IVA through for me onc they have recived their payments. I hope this doesn't sound awful just really stressed and worried [:(]

We went to the CCCSVA for our IVA, took a while but we didnt pay a penny up front.

You just have to talk to a few companys and go with your gut feeling without parting with loads of money up front!!

Search the forum for ideas of what others have done and do what you feel is best for you.

Dont jump at the first offer its a big commitment and you need to feel comfortable with who you use.

I hope that helps you, and dont be afraid to ask loads of questions on here, the people are really good.

Good luck

Thanks for the advice I am so confused at the mo

It is a confusing time and VB do come highly recommended on the forum, they will do all the legwork for you and pass you on to a reputable IP.

You can trust VB, they use excellent IPs.

The only 'up front' money we will have to pay is the first payment cheque that shows our commitment to being in this IVA. This is to be sent with the signed proposal so its available for the creditors meeting.

We should have done, but as we had no debit card or cheque book with Nationwide we were unable to. Payplan were quite happy for us to just set up the Direct Debit afterwards.

Some companies do charge an up front fee but the pack they then provide to the IP is completed. This does speed the process up and they deal with creditors in the meantime. VB are a well respected firm and their success rate is among the very best.