They are very unhelpful and keep repeating the same line. What can I do? Are there regulatory bodies for these people?
will not intervene, only sanction the member. However, 6 months is the usual period written into the agreements -- usually within the "Length of Arrangement" clause ... for a 5 year ( 60 payment) IVA the length of arrangement is usually quoted as 66 months, to include a 6 month admin period, which can also be extended if need be.
The thing to be aware of is the use of the term "up to" ... many firms will quote up to 6 months yet complete within a few weeks -- some of the timescale is outside of their direct control, so they err on the side of caution.
Who is onlineUsers browsing this forum: ryan787 and 4 guests
Ask the IVA Experts a QuestionSimply complete form and you will get an answer from our IVA Experts (multiple replies within an hour *)
* Any use of this IVA forum is conditional on you having read and agreed to our terms and conditions.
* If you enter your phone number, Vincent Bond and Co Ltd will give you a courtesy call to ensure that your question has been answered.
* The question will be posted on our forum, we will email you the location