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Posted: Tue Sep 27, 2011 5:15 pm
by Nic.21
i am on an iva my only creditors are barclays can i leave my iva and pay direct to my creditor
Posted: Tue Sep 27, 2011 5:35 pm
by ginger3232
you can leave your IVA by failing it - however to need to make sure an arrangement for repayment has been made - otherwise Barclays may start to load the account with default charges /interest etc - there is also NO legal obligation for Barclays to remain in this arangement even if agreed
Posted: Tue Sep 27, 2011 5:43 pm
by MRBLUESKY
To fail a iva you need to miss 3 payments.
Posted: Tue Sep 27, 2011 7:21 pm
by Scimi
Out of all my creditors Barclays were the worst. I was hounded to the point of stalking. I had phone call after phone call. At my meeting for the IVA it was Barclays who seemed to be the most militant. Even though there interest was not the largest. I felt I got no support from Barclays through my whole process when you look at my other creditors. All I am saying is beware of any process with Barclays and check what can be offered. Maybe some people on here will differ with my story??
Posted: Tue Sep 27, 2011 7:51 pm
by Foggy
Barclays tend to use a company called Mercers, who are relentless and heartless parasites. Be warned !!!
Posted: Wed Sep 28, 2011 2:36 am
by Broke of London
Is there a particular reason why you think you'd benefit from dealing direct with your creditor?