Changed my mind on IVA where do I stand

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carla

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Post by carla » Mon Nov 19, 2018 4:57 pm
I have signed a proposal with Hanover but have changed my mind and no longer wish to do the Iva, I’m worried they’ll charge me lots of fees, but when I phoned was told I can’t change today and the contract says I have the right to cancel without charge within 14 days but if I sign I waive my rights to cancel within 14 days??

Foggy

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Post by Foggy » Mon Nov 19, 2018 5:26 pm
It does depend upon your agreed terms with Hanover but, with the vast majority of reputable firms, you are free to withdraw any time before the creditors meeting is held. A few firms do charge for work carried out (again, most do not) to this point. Dig out anything you have signed and see what it says.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk

luluj

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Post by luluj » Wed Nov 21, 2018 4:43 am
You have the right to withdraw until the creditors meeting, and certainly the cooling off period should be ok.
Be sure that you have considered all options for a debt solution and take advice from two or three companies to alleviate any fears.
Sharing from experiences of dealing with debt

There is a solution for everyone .... Just need to stay positive !

Look at my blog "All I wanted was a baby"

kallis3

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Post by kallis3 » Wed Nov 21, 2018 7:34 am
Is there any reason you don't want to go ahead?
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
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