Do I have to pay the company who arranged the Iva?

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jennifer507
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by jennifer507 » Thu Jul 13, 2017 3:57 am
Do I have to pay the company who arranged the Iva I was told at start it was a free service but I find this strange
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kallis3
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by kallis3 » Thu Jul 13, 2017 6:43 am
Hi,

It depends on which company you are with. Most 'introducers' will charge a fee for work done before sorting you out a company. If you go straight to an IP, fees are included in your monthly payments.

Which company is it?
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Foggy
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by Foggy » Thu Jul 13, 2017 6:58 am
They all charge fees, as agreed between them and the creditors. These fees come out of the monthly payments you make and are not "billed" seperately. A few firms will want upfront fees --- avoid these, most don't want anything apart from the normal agreed monthly payment.
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Lisa Thomas
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by Lisa Thomas » Fri Jul 21, 2017 3:39 pm
They may have charged your IP an introducer fee, which would be disclosed in your IVA proposals.
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