Completely new and admittedly know very little about IVA's however I spoke to a company yesterday who assessed my financial situation and advised me that I met the criteria for a IVA.
I provided all required evidence to the company however received a phone call this morning stating that at this stage, due to the largest proportion of debt belonging to one particular catalogue and recent spending in July and early August, I've been told that they cannot process the IVA further until there has been nearer 6 months since last purchase so will be back in contact in January.
My question is, in the mean time, should I just offer my creditors token payments as I cannot afford to make full payments until January.
Any advice would be very much gratefully received.
Have a read here:
Whilst I wouldn't recomment the charity firms for an IVA, they are good for DMP's and have a good relationship with creditors when it comes to getting them to freeze interest. I wouls suggest a chat with Payplan or Stepchange.
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