Contacting creditors

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19ryanh93

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Post by 19ryanh93 » Tue Sep 10, 2019 9:47 am
Hi all

StepChange has advised I contact my creditors about the IVA and tell them that I have been advised to pay x amount to them.

Does anyone know if there’s an easier way to do this than ringing them?

Thanks

Foggy

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Post by Foggy » Tue Sep 10, 2019 10:02 am
I didn't contact any of my creditors but waited until those that still had my number rang me, at which point I told them I was going into an IVA and they should speak to my IP. Of a bout 20 creditors between my ex and myself ( we went into a pair of interlocking arrangements ) about 4 or 5 called and were no real bother.
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

kallis3

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Post by kallis3 » Tue Sep 10, 2019 10:19 am
Same here - I contacted no one and I made no nominal payments.
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

19ryanh93

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Post by 19ryanh93 » Tue Sep 10, 2019 10:53 am
So just change the payments that are being made without contacting them? How does it work with default charges etc?

kallis3

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Post by kallis3 » Tue Sep 10, 2019 10:58 am
All you will do is speak to a call centre and chances are they will try and 'persuade' you to make a normal payment. Charges will probably be applied anyway and your account will also go to default. Just move your accounts to your new bank. Any charges etc will be included in your IVA.

19ryanh93

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Joined: Fri Aug 02, 2019 9:45 pm

Post by 19ryanh93 » Tue Sep 10, 2019 11:14 am
Ok that’s fine. Thanks for that.

I need to stop all my creditor direct debits then. I’ve got a new account to move across to just haven’t got chance to do it yet.

kallis3

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Post by kallis3 » Tue Sep 10, 2019 11:22 am
I would do it asap. If you have online banking I would remove contact details.
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

Lisa Thomas

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Post by Lisa Thomas » Wed Sep 11, 2019 8:33 am
Your IVA Nominee will write to your creditors regarding any IVA proposals you intend to put forward...
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
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