www.iva.co.uk

Hello

New to the forum

I've been thinking about an IVA for a while now and have been speaking to a company about starting one.

Basically they want me to lie about certain things to get the IVA up and running. They want me to tell the insolvency company this evening that I live with my sister instead of my partner who owns the house I currently live in and pay her to live there.
I'm not comfortable with this, do I have anything to worry about? Or is this common practice?

Thanks

You need to speak to a few companies before making a decision. You should be expected to lie about anything. Which company have you contacted.

Trust debt solutions based in glasgow

I suggest you go straight to an IP instead of using a middle man and you need to be honest.

Are you in Scotland? If so it will be a trust deed. If not, check around on the forum to see what companies are recommended on here.

I can't find a website for them.

Thanks people. I've cancelled the procedure with them, I knew something wasn't right..
They had forwarded my details to a company called Jarvis insolvency.
By the way what is an IP?

An IP is an Insolvency Practitioner who will oversee your IVA.

Never go with a company who asks you to lie --- and a lie at the outset which may well come back and bite later on (they will have had their commission, so they don't care!).

Stepchange deal with Trust Deeds ( the Scottish version of an IVA ), give them a call.

I agree, I seem to remember telling a fib when negotiating my IVA that I had a dog (I didn't) to get the payments slightly down - the nearest we had was one of the kids cyber-pets, but bending the truth to get accepted does have a risk to it. The whole point of an IVA is to help you manage better and in most cases, sleep better at night in the comfort that you have one payment and no calls, the last thing you need is to worry that you might get sprung for something, look after yourself and do things right because it will feel better.

I went to my local citizens advice bureau to get info on trust deeds.

They put me in touch with a couple of firms.

Paul

Hi,

I am a senior member of Staff at Jarvis and this post was brought to my attention earlier today. We obviously do not condone the actions you have described and will be fully investigating.

Would you be so kind as to contact me directly so I can seek to help you to the best of my ability. email: votes@jarvisiva.co.uk , FAO Adam

Thanks

Jarvis

Fri Dec 06, 2019 12:16 pmJarvis IVA wrote:

Hi,

I am a senior member of Staff at Jarvis and this post was brought to my attention earlier today. We obviously do not condone the actions you have described and will be fully investigating.

Would you be so kind as to contact me directly so I can seek to help you to the best of my ability. email: votes@jarvisiva.co.uk , FAO Adam

Thanks

Jarvis

Thank you for responding to this. I want to emphasise that the behaviour in question is not that of your firm, but that of an introducer.

Sat Nov 30, 2019 2:30 pmRadish wrote:

I agree, I seem to remember telling a fib when negotiating my IVA that I had a dog (I didn't) to get the payments slightly down - the nearest we had was one of the kids cyber-pets, but bending the truth to get accepted does have a risk to it. The whole point of an IVA is to help you manage better and in most cases, sleep better at night in the comfort that you have one payment and no calls, the last thing you need is to worry that you might get sprung for something, look after yourself and do things right because it will feel better.

I have to admit I now wish I had said I smoked! I calculated lunches at work quite low as I may grab a sandwich once in a while and really should have considered the stuff I buy to make sandwiches and take in, rather than count it within my grocery budget just for a little extra. It was discussing the pet allowance that made me break down and cry as the figure I gave was being questioned and I had to explain the insurance was £18 and the rest was food and cat litter

I do sympathise, it can be a harrowing experience negotiating what you need to live on. I did my best to get my IVA manageable, I never minded paying it, I got myself into the debt so I held my hands up, but its for 5 - 6 years and its sustainability over that time. When I had credit cards, I would pay £250 a month and usually fall back and take 80% of that back, when I began my IVA I had to pay £300 a month, but it was a one way payment as my cards were then suspended - if I hadn't told them about my non-existent dog, it would have been more!!

Oddly enough though, living in fear made me knuckle down and really galvanise everything and somehow I changed my whole lifestyle, it was that what was causing the problems for me, I was forced to have a long hard look at myself, knowing they set the bar high, I had to jump over it or collapse on the run in.