www.iva.co.uk

It looks more and more as though any proposal we can put forward will based upon a low monthly divvy increased during the IVA lifespan due to HP Car Payments falling off and cancelling of a Secured Loan PPI. Also a smallish payout that may be available once we are in year 4 from the equity that should then exist.
Can anyone recommend companies that are more used to proposing low divvy IVA's.
Thanks[8D]

Hi,

Cleardebt is a company who do low DI IVA's. You can either visit their website, or find the details via www.iva.com.

Sorry - just noticed what letter I had put!

Just corrected it!

Low dividend IVAs are done by all IPs although some will do lower contributions than others. Viability is more important than the actual dividend level and many IVAs are going through at the moment with dividends as low as 10p in the £. Full and finals are being done for even less. Speak to a couple of IP firms for free advice and make your mind up then.

It isn't uncommon to propose a low payment to start with, with uplifts as and when car hp payments stop for example. More important than payment levels is getting the appropriate solution to the original problem, and if that means low payments to start with then so be it.

Regards.

your spoilt for choice with sound advice on here needout,i wish i had this help when i started to sort my debts out,beggers belief how i managed looking back.

Cleardebt are one of the few compsnies I know who do low DI IVA's, so I would phone them in the first instance.

Do you mean low dividend or low DI? If you mean low dividend, then the majority of insolvency practitioners ought to be able to do these - in my firm we feel that anything over 15p in the £ is worth a shot.

I suppose I mean that on a monthly basis the DI is low and as such the amount then available to pay to creditors will be low. The amount will be boosted as a result of DI increases later in an IVA when Car HP etc will drop off and also a PPI Policy. I am attemting to get my mortgage moved to Interest Only, but Halifax are not being to helpful. In addition I would rather not leave a 5 year period where nothing is being cleared off the capital sum as this will then probably result in a 5 year extension being required at the end.
Michael talks about 10p/£ and even lower on F & F . Does this only tend to occur when the original creditor has sold the debt on. Surely such as MBNA would not be willing to consider such low returns when their books are holding such large debts. I know they have offered me 60% off and infact Barclays have offered 30% off. Is there any "NORM" to the actions of the creditors or is it simply the individual on the day.

Anything is possible - and good IPs will be happy to put their name to most things if the case warrants it. My lowest dividend case was 6p in the £ - put forward for the right reasons.