First stage of IVA went easy, waiting for the proposal is killing me off.

Get expert opinion. This is the place for new questions to be posted.
26 posts Page 2 of 2

kallis3

User avatar
Forum Expert
Posts: 75946
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom

Post by kallis3 » Thu Sep 03, 2020 10:43 am
If it's the one I've just looked at, they are based in Glasgow,
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

Foggy

User avatar
Forum Expert
Posts: 31250
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Thu Sep 03, 2020 10:45 am
Thu Sep 03, 2020 9:10 amNotherenorthere wrote:
Hi Foggy,

You've said 'too large' a couple of times now I think...do you mean that theyve worked with the creditors too many times and are often restricted by this?

How would you go about find a smaller one?
Too large in that they handle too many cases -- you are a grain of sand on a very large beach, rather than an indivdual. Not too bad if everything goes well, but not so good if you need help. You will be unable to speak to your IP directly and everything will be handled by whoever picks up the phone.

It is always a good idea to speak to a few. Once you are locked in you are pretty much over a barrel ! I cannot recommend a particular firm, but we haver Lisa Thomas from Neville and Co, who posts here. McCambridge Duffy are always well spoken of and, of course, there is that number up in the top corner of the screen - but you need to find someone you gel with. An IVA is pretty intrusive and you need to find someone you can work with.
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

lifenoteasy

User avatar
Posts: 3171
Joined: Thu Feb 05, 2015 2:26 pm
Location: United Kingdom

Post by lifenoteasy » Thu Sep 03, 2020 12:10 pm
If it is this https://financialguidance.co.uk/ their website does not even comply with company law requirements as you have to identify who owns the site.

To be honest if they cannot give you a straight answer on who they referring you to or what your options are, then I would look elsewhere.

Do nothing that implies that you are accepting CF recommendation about who you are being passed onto.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.

Notherenorthere

Posts: 10
Joined: Wed Sep 02, 2020 4:35 pm

Post by Notherenorthere » Thu Sep 03, 2020 12:20 pm
That's not them, they do not have a functioning website as it
http://financialguidancegroup.co.uk/
in development in tandem with an app, but talking to both creditfix and this company on the phone was reassuringly direct and straight forward.

Still in two minds on whether to give them a shot because the consensus seems to be dont trust either of them.

Surely these IPs start somewhere.

I'll see how the proposal looks and pester them for more information on who they are.

abbiesmum2003

User avatar
Posts: 946
Joined: Sun Dec 02, 2012 8:50 pm
Location:

Post by abbiesmum2003 » Thu Sep 03, 2020 12:49 pm
Good afternoon.
I was originally with a fabulous lady called Mel who was based in Wales I believe. She was marvellous. We went through everything in finest detail. I spent a long time on this forum before agreeing and had a solid understanding of an IVAand all the T&C’s.
Very glad I did as unfortunately Mel transferred cases to Creditfix and thats where we stayed until completion. They were tied by the proposal I had setup and several times tried to deviate so glad i had this site and people to bounce advice off of. CF seems to have bitten off more than they can chew of late and are worse at communicating and following guidelines than ever before.
An IVA is big commitment for 5-6 years and affect many areas of life so be sure its setup well from the start and be sure you know what your responsibilities are.
There seem to be many companies on the market now that are new which Incant advise on.
All I’ll say is that be sure your budget (I&E) is realistic to live with and that everything you are entitled to have as an allowable expenditure from the start.

lifenoteasy

User avatar
Posts: 3171
Joined: Thu Feb 05, 2015 2:26 pm
Location: United Kingdom

Post by lifenoteasy » Thu Sep 03, 2020 12:55 pm
All I can say is that the working relationship seems a little too cosy with CF, this will involve at least 5 years of your life, and you need to make sure that whoever you are dealing with is being straight with you.

They have been trading for over a year now so I would have to ask why there is only a holding page on the internet for them.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.

Notherenorthere

Posts: 10
Joined: Wed Sep 02, 2020 4:35 pm

Post by Notherenorthere » Thu Sep 03, 2020 12:55 pm
Thank you so much for your advice, it's truly a great help.

kallis3

User avatar
Forum Expert
Posts: 75946
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom

Post by kallis3 » Thu Sep 03, 2020 1:04 pm
I find it misleading that they say they can probably get you a debt solution within 2 hours.
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

jess314

User avatar
Posts: 4
Joined: Wed Sep 02, 2020 9:06 pm

Post by jess314 » Wed Sep 16, 2020 7:16 pm
The same has happened to me. Did you find out anymore? Have you gone with them?

Regards

Notherenorthere

Posts: 10
Joined: Wed Sep 02, 2020 4:35 pm

Post by Notherenorthere » Thu Sep 17, 2020 8:47 am
Wed Sep 16, 2020 7:16 pmjess314 wrote:
The same has happened to me. Did you find out anymore? Have you gone with them?

Regards
The communication has been alright so I've opted to go with them, I've received my proposal and the terms do not seem unmanageable (or different from what was originally set out by CreditFix) and a date has been set for my proposal meeting. I'm still extremely worried about what will happen but I'd be in the same position had I gone with anyone, at this point anyway. I'll update if it goes well.

Kind Regards

kallis3

User avatar
Forum Expert
Posts: 75946
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom

Post by kallis3 » Thu Sep 17, 2020 9:02 am
Hope it all goes ok for you.
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
26 posts Page 2 of 2
Return to “Ask IVA Forum and Industry experts”