I have signed proposal for iva for 8grand of debt. The creditors meeting is on the 30th April. I want to cancel this as i have read nothing but bad reviews about the company creditfix. I was upset about the debt and rushed into this. Can i cancel.
Yes, you are free to stop the process. Some firms might charge for work done to date in the event of cancellation, depending on the terms of engagement you agreed -- but most do not. To be frank an IVA might be a bit OTT for an £8k debt, depending on all your circumstances.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Visit my blog here : http://foggy.blogs.iva.co.uk/
Now is certainly the time to withdraw if you are not sure ... I would phone and cancel it then follow it up by email or registered post as evidence to ensure it does not go ahead.
As foggy suggests other debt solutions maybe more appropriate
Sharing from experiences of dealing with debt
There is a solution for everyone .... Just need to stay positive !