Everyday Loans

Get expert opinion. This is the place for new questions to be posted.
4 posts Page 1 of 1

stuart450

User avatar
Posts: 1
Joined: Mon Jun 08, 2020 9:13 am

Post by stuart450 » Mon Jun 08, 2020 9:13 am
I have around 28k debt and was told I could do an IVA until they discovered that I had debt with Everyday loans, then told me that as the amount I owe to everyday loans is about 50% of my debt that they would reject an IVA so I should go for a DMP instead.

Is this true and can Everyday loans just reject an IVA even though they are willing to accept a DMP?

kallis3

User avatar
Forum Expert
Posts: 75948
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom

Post by kallis3 » Mon Jun 08, 2020 9:27 am
Hi.
Speak to one or two smaller companies - you may be able to do an IVA.
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

rhythmb

Posts: 27
Joined: Tue May 01, 2018 9:14 pm

Post by rhythmb » Mon Jun 08, 2020 10:23 am
One of my debts was with Everyday Loans, when it came to the creditors meeting they and Santander were the only ones to vote, they both said yes with no modifications.

And that was after I rung them to explain I was entering into an iva, and they said they would reject it.

Foggy

User avatar
Forum Expert
Posts: 31255
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Mon Jun 08, 2020 11:46 am
Which provider has told you this ? Yes, a creditor can arbitrarily decide they will accept no IVA's as a matter of policy .... but it would seem from other posts that they sometimes do say yes !
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
4 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”