www.iva.co.uk

Hi, had our proposal today to read through and sign - this seems ever so quick considering we only contacted the company less than 2 weeks ago asking what an iva is!! Could this be too good to be true? Just seems really quick, is this a positive thing, them acting so quickly?

Just a query regarding a point made in the proposal about cutting up our cards and sending them back to the creditors. Do we actually need to do this, as the majority of mine have already been binned several months ago?

How on earth have they managed to verify all of the information you have provided within such a short period of time? Have you actually spoken to your IP or a senior member of their staff? And what advice have you been given about dealing with creditors in the meantime.

It all seems a little quick to me, but if you are happy that you have been properly advised, and the IVA seems reasonable, there may be nothing to worry about.

Would be interested in knowing to which provider you went to and whether they discussed any other potential debt resolution solutions?

Hi we keep all statements, bills, payslips etc so sent all the docs etc requested early last week. They initially ran through a DMP when I called for debt advice then soon realised it was unsuitable on the initial phonecall, which is where an IVA was decided upon. The following day we received letter templates and a brief of what to say to creditors on the phone and requests of docs needed which we posted the following day along with several forms to fill in which I competed thoroughy that evening. I spoke to them last monday to confirm receipt of docs. Tuesday had 45min chat with drafter, then today received the proposal after yesterday having letter asking me to arrange telephone appointmet with IP and I could also do so face to face if I wished! How does this sound - are they thorough enough? At first glance proposal looks good -but what do I know -never seen one before!

Sounds good to me - who are they?

Debt Free Direct - just hope it continues in this manner!

Is it necessary to cut cards and return to creditors?

Very impressed then with DFD in the time it has taken to do everything for you. If they have requested you to cut up the credit cards then do so and confirm that you have done so to them and return the cut halves to your creditors.

I binned most of them prior to this but will do so with what we have left and inform them. Thanks for your input - very scary times but also that distant glimmer of hope.

Once they have received the signed proposal they said it would be about three weeks until the creditors meeting, is this the usual time period? Thanks in advance!

Different providers can turn around the documents differently but 2 to 3 weeks is the norm. My pleasure.

DFD have been very good with us throughout - our proposal was and IVA was fully complete by them within 6 weeks from start to finish. They have continued to be very good and have always answered our communications, whether this be phone, email or in writing - some people have issues with DFD but personally speaking they are fine.

Thanks Lulu - that instills some confidence, as we have also heared some negative things about them! How far into your iva are you?

I think most companies will have some people who are not happy with the service they have received, especially the larger ones, similarly there will be people who are happy.

Lulu has been in her IVA for 15 months.

Good luck with your proposal x

That is quick!!! I got mine through on Friday and my IP was given all the information middle of October....
I guess all places are different though. I was feeling very upbeat in recent weeks re the process but seeing it all in black and white has been a bit scary for me.
I meet with the IP tomorrow to get signed and sworn- and then the next step!!

Good luck and don't worry all will go well.