www.iva.co.uk

Hi I'm currently in contact with pay plan to do an iva I don't understand much of it tbh and is there any way they can take my car off me as I can not risk that as none of my family or friends know and I need my car for my job

As long as it is a modest vehicle it will be safe from their clutches.

I would suggest chatting to a couple more firms before you sign up, as once started you cannot change provider and you need to be with a firm you feel comfortable to work with for 5 or 6 years.

I was with Payplan for 6 years & really wish I had spoken to other companies first - in hindsight I would have used someone else.

If you are still confused at this stage speak to other companies.

I believe that Payplan is one of the companies that takes total household income into account when working out what will go to creditors - you could find a partner being asked to contribute directly.

Hi Katy - speak to another Insolvency Practitioner firm local to your area - most good ones will offer a free initial meeting. You should be able to keep your car as long as it's not of high value.

We've been with payplan for 4yrs now hopefully in the final year. To be honest we've not had any issues to speak of, when I&e done each year our costs have been excepted as what they really are not what the guidelines say. Always got a reply when emailed concerns or questions. Had the same case officer now for the last 3yrs which is great.

I found Payplan were OK for us . The only thing is that our Caseworker changed at least every year. Other than that all went more or less according to plan !