www.iva.co.uk

Has anyone heard of a company called MCR in manchester? My partner is usingthem to try and go through an IVA but isn't sureif they are reputable? Theyare also charging him 479.00 for the first year to clear 33,000 worth of debt. Does anyone think this is too much bearing in mind I am only paying277.00 a month to clear 85,000?

hi Debbie, im not sure. Just wanted to welcome you to the forum. One of the professionals or regular posters will be along shortly to answer your questions.

I am aware of MCR and whilst I have not worked for them, I know of people who are currently there who I have worked with previously. I know if you're in the hands of them, you'll be in safe hands. If you haven't already committed, then there is no reason why your partner can't shop around.

It is difficult to compare two indivduals IVA's. At the end of the day the client isn't paying a fee directly. They pay a surplus of income over expenditure which is their best offer. They're not paying any additional fee and so I personally would not be showing concern on the matter. It is the creditor's decision at the end of the day and if they're not happy, they'll reduce the fees by way of modification.

Hi Debbie - welcome to the forum.

Yes I have heard of MCR from a client we have been helping as he wasn't happy with his experience but that is not to say the same goes for everyone.

Tell your partner it is always best to speak to a few companies to get balanced advice and to make sure you are comfortable moving forward.

IVAs are based on someone's disposable income so you can have two different people who have the same level of debt but pay different amounts each month.

Regards,