www.iva.co.uk

Hi!

Just joined the forum and looking for some advice.

I’m considering an IVA with either Freeman Jones or McCambridge Duffy - can anyone offer reviews on their experiences with both companies?

Thanks in advance!

stmw wrote:

Hi!

Just joined the forum and looking for some advice.

I’m considering an IVA with either Freeman Jones or McCambridge Duffy - can anyone offer reviews on their experiences with both companies?

Thanks in advance!

Hi,
we went with McCambridge Duffy they were very helpful from start to finish, I would definitely recommend them, hope this helps.

We have very few complaints regarding either of those companies. McCD operate under the "R3" terms and conditions and FJ use the "Protocol". Both are, basically, pre-agree standard terms and conditions. If you are a homeowner and they use an edition of the Protocol after and including the 2014 version then, on equity release, you will need to consider a secured loan as an option, in addition to remortgage or a 12 month extension. In earlier editions and the R3 terms that McCD currently use, as far as I am aware, the equity release is a remortgage only or the extension. This is a point I would specifically ask of each to get up to the minute information.

Hopefully a few members who use either firm will pop along with specific experiences .............

Thanks so much for your quick replies.

I rent privately so don’t have a mortgage to worry about. I do have a HP car agreement which I’m hoping can continue if this was to go ahead.

stmw wrote:

Thanks so much for your quick replies.

I rent privately so don’t have a mortgage to worry about. I do have a HP car agreement which I’m hoping can continue if this was to go ahead.

The HP agreement is secured lending on the car, so you will have to put this to whichever company you decide to go with. It will be an important part of the decision so don't just take someones word for it, get it in writing. Once the HP term ends you will be required to put that monthly amount back into the IVA as an increase in payments.

MerlinL14 wrote:

stmw wrote:

Thanks so much for your quick replies.

I rent privately so don’t have a mortgage to worry about. I do have a HP car agreement which I’m hoping can continue if this was to go ahead.

The HP agreement is secured lending on the car, so you will have to put this to whichever company you decide to go with. It will be an important part of the decision so don't just take someones word for it, get it in writing. Once the HP term ends you will be required to put that monthly amount back into the IVA as an increase in payments.

Hi - yes I’m aware of that - Thankyou - that wouldn’t be a problem paying the extra because I wouldn’t be paying it for the car once it’s all finished.

I’m quite torn about who to go with - I’m going to speak to both on Tuesday

stmw wrote:

MerlinL14 wrote:

stmw wrote:

Thanks so much for your quick replies.

I rent privately so don’t have a mortgage to worry about. I do have a HP car agreement which I’m hoping can continue if this was to go ahead.

The HP agreement is secured lending on the car, so you will have to put this to whichever company you decide to go with. It will be an important part of the decision so don't just take someones word for it, get it in writing. Once the HP term ends you will be required to put that monthly amount back into the IVA as an increase in payments.

Hi - yes I’m aware of that - Thankyou - that wouldn’t be a problem paying the extra because I wouldn’t be paying it for the car once it’s all finished.

I’m quite torn about who to go with - I’m going to speak to both on Tuesday

Ask each specifically how they would deal with the car. Also ask each if, should the need arise, you are ale to speak directly with your supervisor ( the IP ). At the end of the day it will be who you feel more comfortable with.

Foggy wrote:

stmw wrote:

MerlinL14 wrote:

The HP agreement is secured lending on the car, so you will have to put this to whichever company you decide to go with. It will be an important part of the decision so don't just take someones word for it, get it in writing. Once the HP term ends you will be required to put that monthly amount back into the IVA as an increase in payments.

Hi - yes I’m aware of that - Thankyou - that wouldn’t be a problem paying the extra because I wouldn’t be paying it for the car once it’s all finished.

I’m quite torn about who to go with - I’m going to speak to both on Tuesday

Ask each specifically how they would deal with the car. Also ask each if, should the need arise, you are ale to speak directly with your supervisor ( the IP ). At the end of the day it will be who you feel more comfortable with.

Thanks so much

Let me know if you want a 3rd opinion.

Hi Lisa,

Thank you so much however ive started the process of the IVA with McCambridge Duffy.

Fingers crossed this will be our ticket out of debt reliance and a happier future!

You've picked a good company who come highly recommended on here. Good luck and let us know how you get on.

Best of luck.

kallis3 wrote:

You've picked a good company who come highly recommended on here. Good luck and let us know how you get on.

Thankyou!

Lisa Thomas wrote:

Best of luck.

Thanks so much!