I have just recently signed my IVA proposal and would like to cancel it. A creditors meeting has been set in 2 weeks time. I have found a better company with much better reviews thus I want to cancel the 1st IVA proposal. Can i cancel the first proposal and go for the 2nd company instead?
In theory, yes. But,it depends on the terms of engagement of the current firm, who have, by now, put in a lot of work on your behalf. Additionally the creditors will already have been informed and will be 'on alert' for the impending IVA. If it is stopped now they could have another few months in which to move to collect the debts, if they so wish (unlikely, but a possibility).
Which firms are we talking about ? Reviews alone cannot always be relied upon.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
What happened was, I first applied for Vanguard. And they took a little while to get back to me. As i have panicked with all my creditors calling me. I made a second opinion with financial support system, and within less than a week they made me an iva proposal, and because i have panicked. I signed it straight away.. but the day after i signed financial support systems proposal, i have also recieved the proposal from vanguard. Which was really my first choice..
I have just read the letter of engagement completely, and faith financial support only gives my information to Vanguard. And from then, vanguard will be the one who will take over.. i have not signed anything from vanguard, so shall i just leave vanguard? And go continue with the first one?
Having read their website I'm not impressed by some of the information on there.
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. http://kallis3.blogs.iva.co.uk
That's financial services I was referring to and not Vanguard.
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. http://kallis3.blogs.iva.co.uk
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. http://kallis3.blogs.iva.co.uk
Do you suggest that i should just stick to financial support system (which im just awaiting meeting which will take place in 2 weeks time), Or go to vanguard?
Faith are an introducer for Vanguard. I would speak with Vanguard to staighten this out, or you could end up more than a little confused. I imagine that the proposal you have signed is from Vanguard too !
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
