Should I be making a payment?

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Post by Starsnow3 » Tue Jan 05, 2021 1:25 pm
I signed my IVA agreement on Dec 18th and my first payment is due tomorrow (Jan 6th) yet I had a text today to say the meeting with my creditors isn’t due until next week. Surely I shouldn’t be expected to make a payment until I know whether or not the creditors have accepted? Help!


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Post by kallis3 » Tue Jan 05, 2021 1:28 pm
Some companies do ask for a payment first but you don't have to. You should make your first payment within 28 days of acceptance. If you are unhappy then speak to your company.

Good luck for next week.
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.


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Post by Foggy » Tue Jan 05, 2021 2:35 pm
The arguement is that, by making a payment now, in time for your meeting, you will be ahead of the game and finish that little bit earlier. However, most of us waited until the IVA had been accepted first as it is easier to make a payment pretty quickly, but harder to get one back !!
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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