www.iva.co.uk

I have being paying for the past 8yrs in which I thought was Iva but now my ip was telling me it was not. He then said it was dmp, I can not take this any more. I was told by the end of this year I can change it to Iva. They even gave me the date I was to finish, which was 2011, and now do not know what to do.i want to know if I should go for Iva and that one too is going to take another 5yrs? What about the 8yrs I have paid into. Pls, pls I need help!

Hi Liz,

So sorry you have been mis-lead.

How much approximately do you owe? Are you working? Do you own your own home?

There are many options available - so I think the best thing to do is to speak to 2 or 3 different IP firms. We have some professionals on here - you can find there details in ask the experts a question section or check out some companies on www.iva.com.

But if you tell us a little more we can give you some advice on here also.

Sounds like a spectrum case!!!

Speak to a legitimate company as directed above and make a complaint to the financial ombudsman about the company you have been paying for all those years.

Good luck.

paul

I presume the interest has been frozen since the DMP started up until/if you start an IVA?

Which firm are you currently with Liz - and why did they not offer you an IVA from the outset? Have you asked them this question yet, and how much have your debts actually reduced by over the past 8 years?