www.iva.co.uk

My friend was listening to something on the radio recently about NOT using these debt people as they can make life very difficult for you. They suggestion was go to Citizens Advice who will steer you through to government run agencies that do this for free and make the terms far more easily palatable...... they can even get you out of your IVA agreement.[:0]

Is that right, the CAB can get you out of an IVA agreement? Just intriged to know if this is right or not [?]

I would suspect that the CAB cannot get you out of your IVA agreement. Did they mention which Debt People they were referring to?

Basically any debt run agency who takes a fee...use the government run agencies that do the iva for free, with no fees attached.

Hi,

The only way you can get out of your IVA is to let it fail and then you are back to square one with your creditors. CAB cannot get you out of your IVA.

I believe that CAB may well steer you to Payplan or CCCS however, if you do an IVA with them then you have to pay the fees. They are a commercial company as regards IVA's. If you do a DMP then they don't charge you fees.

There are no government run agencies.

All IVA companies take a fee.

Thoughts she must of heard it wrong as once in your iva you can't change, unless you let it fail...

Thank you for your quick replies

She may well have got DMP and IVA mixed up as the former can be done for no fees.

Many CABs refer their IVA clients to Grant Thornton who are a highly reputable company but they are not government run or free!!

in fairness , its only right & propper that the IVA companies take a fee, afterall they have to have an income sTream to pay wages. Also, had it not been for my IVA provider DFD, then I would have no alternative but to be declared bankrupt and I suspect many, if not all of the people on here in an IVA would also had no alternative but to be made bankrupt had they not been able to go to whoever their IVA provider is

12 months to go

our 1st conversation about a IVA was with the C.A.B .
they told us they normally refer clients onto Grant Thornton or Payplan. these firms DO have a fee.

we are glad we chose to use Melanie Giles in the end,with recent posts even more so.

Believe me, Payplan get as much bad press on here as many of the other agencies. All firms have their critics, and they all make mistakes at one time or another, whether a "charity" firm or not.

All firms have a fee for IVA's. They're only classed as a charity as far as a DMP goes where they charge no fees.

i agree/understand that foggy. we found some old notes we'd made last yr when starting the process. Payplan (if you come into windfall) take a extra % on top of clearing the debt.

there are no "charity" IVA firms as far as we're aware although the CAB do present Playplan as a charity.

That's a bit naughty to suggest some 'charities' don't charge a fee. Everyone charges for IVAs and paying a fee isn't the same as being ripped off (which this story seems to be suggesting).

Besides in most cases, the creditors pay the fee anyway!

There's so much wrong here...I hope CAB refute the story for their own credability.

Both Payplan and CCCS provide DMP solutions for free but they will charge for an IVA.

I think that CAB can come back and refute the story.