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Which IVA Company should I choose?


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Decided that IVA is the best route for us. The choice of Companies is mind boggling. NDL recommend:

 

Payplan

Grant Thornton

Baker Tilley

 

as they have signed up to some IVA best practice/ protocol.

 

Does anyone have experience of these companies? Or can anyone give us recommendations of good companies and likewise, any bad ones that we should avoid?

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Decided that IVA is the best route for us. The choice of Companies is mind boggling. NDL recommend:

 

Payplan

Grant Thornton

Baker Tilley

 

as they have signed up to some IVA best practice/ protocol.

 

Does anyone have experience of these companies? Or can anyone give us recommendations of good companies and likewise, any bad ones that we should avoid?

 

Hi

 

My experience is that any IVA company are likely to say they are better than others and the bottom line is that there are fees to be paid whoever you go with.

 

One of the selling points with IVA companies is that they may suggest that you dont pay any fees as it comes out of the creditors which of course is nonsense as the money comes out your pocket in the first place.

 

As far as I understand the 'charity' CCCS also have an in house Insolvency Practioner and I am led to believe that their 'FEES' are lower than most so may be worth including on your list. Also I would check out any possible up front and /or introduction fees that some outfits may request. To be fair though I dont think any of the companies mentioned in this post charge any up front fees etc and taking into account the business element here I would say they are amongst the most reputable.

 

Think long and hard about entering an IVA and make sure you get genuine independent advice on all your options before doing so as there have been some nightmare stories relating to IVAs on a number of debt related forums.

 

Wish you luck.

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Hi - i am new to the site - Hello!

I stumbled upon this post whilst trying to find information on reclaiming bank charges for my sister. This forum is brilliant and I will now be a regular visitor. I'm not sure if pritchy still needs advice on which IVA company to use but I was in a total financial meltdown about 2 years ago and kept everything bottled until the inevitable breakdown caught up with me. I spoke to CAB and they advised an IVA then told me to get in touch with CCCS. I took an age to speak to someone and I felt like I needed to get my life back on track quickly so I looked online and found a few companies to call. One of which were called Simple Debt Solutions (not sure of the number but Google will) I felt like a huge weight had been lifted after I spoke to them - so they dealt with it all for me and now my life couldn't be better - new job, new man, new outlook....

I think if people have a good experience with a company they should share it!!

 

Now I'll go any find the correct place for posts on reclaiming bank charges and hope to get answers to my questions....

 

ta ta for now

:?

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Don't use a company called Chatsworth they basically took most of my money and did not pass it on to creditors, i took legal advice after 18 months payments and my solicitor told me to not pay, I defaulted of course but would rather deal with companies direct than have someone give the story that they are helping you with these things and then do the exact opposite. They basically took there fee first before any payment was ever made to a creditor. I have had a few creditors ask for money but none of them have had the agreements so no payments made. This was over 6 years ago now but if they are still around i would not bother.

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An IVA was a route I considered going down 3 years ago however, after much researching, I found out that an IVA was for 5 years and only a % of my debt was written off.

 

I decided in the end to go into a Trust Deed. I only make payments of £150 per month for all my debt (over £55K) for 3 years and all my debt is written off. My last payment is due December 1st and then I'm free and ready to rebuild my life.

 

I live in Scotland, so I hope a TD is something that you can do in England.

 

Good Luck.

Provident - CCA Request - CCA Received, challenging report with CRA.

Experian - Removal of data request - 10/11/2008 ****** WON AGAINST EXPERIAN *****;)

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I live in Scotland, so I hope a TD is something that you can do in England.

 

It isn't. The English version is an IVA (which, by the way, is unavailable in Scotland - so I'm not sure what you were originally looking into!)

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  • 2 weeks later...
Hey there, welcome to our site.

 

What are Simple doing for you? Is it an IVA or some other arrangement?

 

Best wishes,

 

Seq

 

Hi

Sorry I have been on holiday and missed your post.

I am using Simple Debt Solutions to sort out my IVA. Well it's almost sorted now and I'm so happy. I have had a good month. Simple Debt Solutions have lifted a weight off my shoulders in a big way - how nice are they.... Then my parents announced they were paying for us all to go on a family holiday with them - the 4 of us have just returned from Tenerife. Now looking forward to Christmas and definately NOT getting in a mess EVER again...

:?

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  • 1 month later...

i really recommend a web site called iva.com it gives reviews on all iva companies.

i am currently looking at taking an IVa. i have been recommened grosvenor they do take a fee up front but the reviews on them are fantastic.

I am deciding weather a full and final would be best for me as my parents are lending me £20 to cover my debt totalling £50k inside a one payment iva. With all that said the full and final does the same. Howeve am i protected.

 

The trust dead in scotland sounds less scarey.

 

I am worried that an IVa will cause me probelms with job and if it will be a big stigma that i carry for years.

where as with a full and final will my debt and credit file ever be cleared???

 

pls help

missy cash

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Hi there

 

I would suggest Payplan - their service has been really good since starting a debt management plan with them.

My friend is in an IVA with Payplan Partnership, and I know that they are the only IVA company who do not charge any fees upfront. I would definately suggest Payplan - take a look at their website, which will tell you more xxx

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