IVA which company??

[Keysey2001]

Hi guys,

I am on the verge of going down the route of getting an IVA and was wondering if all the companies are similiar or if there is one out there that someone can highly recommend please?

I live in Northern Ireland!
Paying of a mortgage with little equity!
Owe between 20-25k unsecured, which include 2 visa cards, overdraft & 2 loans!!
My wife and I earn about 1000 per month total!

I can add more info if needed but want a good company who will not add to my woes!!

K

[jtomo64]

Its a matter of choice really. I would advise giving a few companies a call and discussing your options. There is no obligation.
Take a look at www.iva.com for an extensive list of companies and lots of reviews. I found it a good source of information which led me to make the final decision.

I am with ClearDebt and can recommend them, they were great from start to finish and never judged.
Melanie Giles, who posts on this site also comes very highly recommended.
There are many companies out there, and it can be a bit daunting at the start, but once you have spoken to a few you will feel better about it.

Good luck whatever you decide.

J.

[millsy22]

hi we are with payplan and they are good we've had no problems but as previous poster has said check out a few and again on this site melaine giles is reccommended highly and as she posts on here it is great help as yu can get good information direct from an ip

[kallis3]

Hi Keysey and welcome.

I'm with Payplan as well and have no problems with them so far.

I know Melanie has an office in Northern Ireland, as do McCambridge Duffy, also recommended on here.

Visit the link which jtomom64 posted and read some of the reviews then give one or two a ring.

[Shining]

Hi and welcome to the forum from myself too, all good advice as above and good luck on your journey to debt freedom, remember we're here for any advice/support you need. x

[Keysey2001]

Hi Guys,

thanks for all your help!!

One more thing i am paying an Interest only mortgage but as i am 41 i need to get it back to a repayment one asap so that this can be taken in to account when i start this process so will they accept the fact that i will be adding more to my monthly outgoings by doing this?

I will def contact one of the people you guys have suggested!!

Also its great to be able to chat with people who are either going through the same thing or have finished their IVA..

Many thanks,

John[:D]

[Michael Peoples]

Creditors may object to you switching the mortgage unless you could show you are on a temporary arrangement and effectively have no option. You may have to remain on interest only and make overpayments from your bonuses or overtime but a lot depends on how much your mortgage payment will increase to. Speak to your IP and they can advise better. Good luck.

[Keysey2001]

Hope you do not mind me asking questions about my situation but was wondering would it effect my chance of getting an agreement using an IVA with one of the companies i owe money to if i temporally cancelled one of my Direct Debits as at the moment i have more going out than coming in?

I have made the phone call to get the whole process started with one of the people that i was told about on here

[kallis3]

Cancelling direct debits will make no difference at all to you getting an IVA, and most IP's will tell you to do that anyway.

Best thing to do is to speak to whichever company you have chosen and they will advise you.

[MelanieGiles]

Great advice already provided Keysey, and as you are based in Northern Ireland you will need to use a practitioner with a presence there as the legislation is different to England and Wales.

There is no obligation to giving two or three companies a call, so that you can compare the advice provided and then determine whether an IVA is really right for you, whilst finding out more about the other options.