With the odd exception or two, all IP companies will get mixed reviews. You will never please all of the people all of the time.
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
Thanks for all your replies but I have now cancelled with DFD and have contacted Melanie Giles team who are ringing back tomorrow to go through all details. The lady who rang was Tina. Has anybody dealt with her. She sounds very nice.
I am with Melanie's team and they are all as helpful post IVA as pre-IVA. Like others have said I was advised to talk to 2 or 3 companies before making my mind up and at least it makes you sure you are doing the right thing. All IP's on here would give good advice and service. This forum is invaluable for professional and emotional support.
Thank You. My worry at the moment is that 2 of my creditors are Northern Rock and MBNA. Most people seem to have had problems with these companies and i'm worried that i will too.
They are creditors who operate under specific criteria, but I think that they accept the vast majority of IVA proposals which are proposed in line with their accepted requirements.
Thank You. the thing is i dont know what percentage of my debt is with NR. The yearly statement says there is £29000 balance but on the original agreement signed it says after 30 months amount oustanding would be around £18000. Which figure would they work with?
I would ask them to provide you with a current account balance - and make sure that they don't confuse this request for a settlement figure which can often be calculated a lower rate.
Do I do that once the paperwork has been set up with your company? I presume the figure of £29000 also includes the PPI insurance which would obviously be cancelled if iva agreed. Would it?
No harm in doing it now - and PPI is not necessarily cancelled in an IVA - but as you will not be paying the payments any more it is not needed. Check the terms of the policy to see if you could cancel this to reduce the debt even further.
