How much of my payment goes to the creditors

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jan946
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by jan946 » Wed May 02, 2018 5:28 pm
Hi. I have been paying into an IVA for around 30 months now. Can you tell me how much each month of the amount I pay, which started off at £90 a month and now is £76 a month, how much of this amount is taken by Creditfix please.
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Foggy
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by Foggy » Wed May 02, 2018 5:36 pm
In the initial stages, all of it, as agreed by creditors and detailed in the Chairman's Report, will go towards paying the Nominees fees. After that a percentage, typically 15%, again as agreed by creditors.
mariah9
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by mariah9 » Thu May 03, 2018 6:06 am
Foggy wrote:
In the initial stages, all of it, as agreed by creditors and detailed in the Chairman's Report, will go towards paying the Nominees fees. After that a percentage, typically 15%, again as agreed by creditors.

100% agree
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