www.iva.co.uk

Hello

We are considering taking an IVA are there any companies we should avoid (I was under the impression that as it is a governement scheme they would all be regulated but now I am not so convinced). The company we are currently getting advice from is the Debt Advisory Centre.

Thank you
George

Hi George, and welcome to the Forum. I am not an expert, but one should be along to advise you shortly

Hi George.b, not heard of this company, but I'm sure someone will have. Don't be worried about contacting other companies, we were advised to talk to three at least.

This site has good links to recommended companies and you couldn't get much better than some of the experts who post here. Good luck.

Hi George

Have a look on www.iva.com you will find a list of insolvency practitioners, companies and reviews.

Its always better to take advice from more than one to be sure you dont recieve conflicting advice.

The Debt Advisory Centre may well be an intermediary who will eventually refer you to an IP. There is no harm in approaching an IP directly, as they are all regulated by a professional body - usually accountancy based and we have very strict codes of conduct we are obliged to follow.

The debt advisory centre is part of the Freeman Jones, or Gregory Pennington, group. I can only echo the sentiments of those before me in saying talk to 2 or 3 at least, and visit www.iva.com to get reviews from independent posters.

Hope this helps.

Regards.

Hello

Thank you so much for all of your replies, I have taken all of your advice on board. It is so nice to know we are not alone in this and that there will be light at the end of our tunnel of debt.

Thank you again
George