Signed the agreement for An IVA 2 days ago but now think a debt plan would be the best option for me now feel I was rushed and not had time to properly think about it can I still cancel a meeting has not been set up with creditors as yet
Hi Holly ..if your creditors meeting has not yet taken place yes you cancel your iva agreement. If you are not sure it is the right solution for you then now is the time to withdraw and seek further professional advice.
Sharing from experiences of dealing with debt
There is a solution for everyone .... Just need to stay positive !
Yes, you can cancel before the meeting, However, while most firms will not charge fees to date, some do, so check whatever terms of engagement you have agreed to.
Remember, in a DMP, that creditors are not obliged to co-operate, nor to freeze interest, so it could be a long and uncertain haul.
Best of luck with whichever you decide to choose.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
As stated, yes you can. Is there any you want to? You may end up owing more.
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
