Can I leave my IVA and pay direct to only creditor

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Nic.21

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Post by Nic.21 » Tue Sep 27, 2011 5:15 pm
i am on an iva my only creditors are barclays can i leave my iva and pay direct to my creditor
 
 

ginger3232

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Post by ginger3232 » Tue Sep 27, 2011 5:35 pm
you can leave your IVA by failing it - however to need to make sure an arrangement for repayment has been made - otherwise Barclays may start to load the account with default charges /interest etc - there is also NO legal obligation for Barclays to remain in this arangement even if agreed
 
 

MRBLUESKY

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Post by MRBLUESKY » Tue Sep 27, 2011 5:43 pm
To fail a iva you need to miss 3 payments.
Last edited by MRBLUESKY on Tue Sep 27, 2011 5:44 pm, edited 1 time in total.
 
 

Scimi

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Post by Scimi » Tue Sep 27, 2011 7:21 pm
Out of all my creditors Barclays were the worst. I was hounded to the point of stalking. I had phone call after phone call. At my meeting for the IVA it was Barclays who seemed to be the most militant. Even though there interest was not the largest. I felt I got no support from Barclays through my whole process when you look at my other creditors. All I am saying is beware of any process with Barclays and check what can be offered. Maybe some people on here will differ with my story??
 
 

Foggy

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Post by Foggy » Tue Sep 27, 2011 7:51 pm
Barclays tend to use a company called Mercers, who are relentless and heartless parasites. Be warned !!!
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
 
 

Broke of London

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Post by Broke of London » Wed Sep 28, 2011 2:36 am
Is there a particular reason why you think you'd benefit from dealing direct with your creditor?
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