Hi. Who decides what the monthly repayment will be

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


User avatar
Posts: 1
Joined: Fri Sep 03, 2010 7:56 pm

Post by Siobhan.wn » Fri Sep 03, 2010 7:56 pm
Hi. Who decides what the monthly repayment will be? You or company?

Adam Davies

User avatar
Posts: 14596
Joined: Thu Mar 29, 2007 12:21 pm

Post by Adam Davies » Fri Sep 03, 2010 8:11 pm
It will actually be your creditors, when the creditor meeting takes place. The company organising your IVA will advise you on the likely amount that you will pay and if they have done their job correctly the actual payment shouldn't be too far out
Andam Davies


User avatar
Posts: 27019
Joined: Thu Sep 20, 2007 8:57 am

Post by Shining » Sat Sep 04, 2010 12:21 am
Hi and welcome to the forum.

Excellent advice from Andy as above, have you spoken to any IP's yet? If not always try and take the advice of 2 or 3 companies to ensure you receive impartial, case specific advice. You might want to take a look at www.iva.com for a list of companies and some reviews of this. x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
3 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”