Inform creditors on IVA

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Post by Palerider67 » Tue Aug 21, 2018 2:43 pm
Should i inform my creditors that i have just proceeded applying for an IVA?
Please advise


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Post by kallis3 » Tue Aug 21, 2018 2:47 pm
It is up to you. Your chosen IP will be informing them as well. If you do any online banking - go in and remove your contact details so they can't phone 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.
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Post by Foggy » Tue Aug 21, 2018 2:48 pm
They will know soon enough. Telling them early will just give them more time to try to start bugging you for a payment.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014

Lisa Thomas

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Post by Lisa Thomas » Tue Aug 21, 2018 2:58 pm
I would leave it to your IP, as long as there is no too much of a delay between you instructing them and the notifications being sent by them to your creditors.
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: ... Z5k9ZcC2MA 01752 786800


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Post by Mrs_Brown » Tue Aug 21, 2018 5:55 pm
I did write letters to each of the providers whilst my IVA was being drafted as I had been advised to make token payments to them and I knew it wouldn't cover the minimum. I used a standard template explaining how much I would pay and the date I would pay it. I also stated I would only deal with them in writing not on the phone. I had the most overwhelming sense of calm as I stuck those letters in the postbox. Now I look back and wish I hadn't paid them anything and built up a bit of an emergency pot, but I was so worried they would vote no!

As Kallis suggested removing your phone number is a good idea, I didn't but I did set my phone to reject all withheld calls automatically. I let Leeds numbers go to voicemail as I wasn't sure if they were stepchange or first direct. They were all first direct!
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