www.iva.co.uk

I need to do an IVA but the company wants a fee upfront I cant afford to pay them I cant afford the fee to go bancrupt what can I do

To be blunt Pat .. speak to another company. Most do not require an upfront fee.

Who have you been speaking to ?

Pop over to www.iva.com and have a word with a couple of the firms there -- it's free and without obligation.

As Foggy rightly answers lots of companies do not require up front fees. Talk to 2 or 3 others and the link provided is an excellent starting point.

I agree Pat there is no need to pay an upfront fee - speak to a few other companies using the link above and i am sure you will find one to suit you

Let us know how you get on

Pat,

As others have said , seek advice elsewhere and do not pay an upfront fee.

Once you have selected a company that doesn't require a fee you and you decide to go down the IVA route you will stop paying your creditors.

Say 4-12 weeks later your proposal will be put to creditors and it is then likely the IVA company would request a deposit of the the first monthly agreed payment to creditors. This is fine and you will have the money from not paying the creditors during that period of setting up the proposal.

Most reputable companies who are actively involved in the IVA marketplace would not expect a client to pay a fee up front. I would also be interested to know which firm Pat is currently dealing with - and I would advise Pat to try another couple of companies to compare the advice provided.

I'm nearly at my IVA Proposal stage, and have not had a pay a penny upfront. I'm with Vincent Bond, and Melanie Giles as my IP.

Have a chat with a few different companies, - See who you get on with, and check out reviews for the company before going with them. That's what I did, and it's working well for me !