Of course all creditors will tell you that every case is judged on it's own personal merits but there do seem to be some common trends within the industry and I will make a stab at listing some. Anyone please add to the list as I will surely forget some glaring ones.
Northern Rock can sometimes demand more, and will generally look for a return of 40-45%, but are willing to accept IVAs for lower than this with cases judged on their own merits.
Student Loans will often look for a higher dividend but may be restricted from being included in the IVA depending on when they were taken out.
Blackhorse can sometimes require a higher dividend but again this is judged by them on the amount of the loan, age of the loan and individual merits of the case.
I have heard that MBNA have recently taken to rejecting some IVA proposals but have not as yet made it clear what their minimum dividend requirements are. We have a good track record with MBNA though and found them willing to accept IVA proposals from our clients.
Liverpool Victoria seem to look for a minimum of 50% return on the money they have lent.
Best Regards
Oliver
Thomas Charles and Co Ltd.
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