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Everyday Loans
Posted: Mon Jun 08, 2020 9:13 am
by stuart450
I have around 28k debt and was told I could do an IVA until they discovered that I had debt with Everyday loans, then told me that as the amount I owe to everyday loans is about 50% of my debt that they would reject an IVA so I should go for a DMP instead.
Is this true and can Everyday loans just reject an IVA even though they are willing to accept a DMP?
Re: <t>Everyday Loans</t>
Posted: Mon Jun 08, 2020 9:27 am
by kallis3
Hi.
Speak to one or two smaller companies - you may be able to do an IVA.
Re: <t>Everyday Loans</t>
Posted: Mon Jun 08, 2020 10:23 am
by rhythmb
One of my debts was with Everyday Loans, when it came to the creditors meeting they and Santander were the only ones to vote, they both said yes with no modifications.
And that was after I rung them to explain I was entering into an iva, and they said they would reject it.
Re: <t>Everyday Loans</t>
Posted: Mon Jun 08, 2020 11:46 am
by Foggy
Which provider has told you this ? Yes, a creditor can arbitrarily decide they will accept no IVA's as a matter of policy .... but it would seem from other posts that they sometimes do say yes !