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| The independent answer to your debt problems | login join |
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ivabigone
| 05-06-2007 10:08 PM |
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Joined: 05 Jun 2007 Posts: 2 | I am in a debt management plan and and struggling with the payments. The adviser said to stretch myself to get the balance paid off more quickly, but its not working and I am now deeper in debt. My creditors are constantly calling so I was considering taking out an IVA. My local CAB suggested I contact an Insolvency Practitioner who will help me. Will an IVA stop them calling me and when will it happen. |
| DW George | 05-06-2007 10:27 PM |
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Joined: 01 May 2007 Posts: 158 My Profile | Hi iva' If your IVA goes through then by law creditors must stop contact with you. If they have any issues they must contact your IP. However, before you enter an IVA you must stop paying your creditors, don't do this off your own bat, your IP will direct you. This will mean that the creditors will try every trick in the book to get you to pay what you owe them. There is really not much you can do about this other than make sure that you have all the relevant paperwork to hand for your IP. This will shorten the time it takes for the IVA to be put in place. Hope this helps George |
| mallorca | 07-06-2007 02:50 PM |
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Joined: 28 May 2007 Posts: 17 My Profile | buy a new mobile phone and disconnect the old one. |
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ivabigone
| 07-06-2007 08:28 PM |
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Joined: 05 Jun 2007 Posts: 2 | George- Thanks for the advice I have phoned and arranged for an IP to come out and see me. I can't wait to get rid of this debt burden its really getting to me and so are the creditors. mallorca- problem is they don't call me on my mobile they call me at home and also at work. |
| DW George | 07-06-2007 09:28 PM |
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Joined: 01 May 2007 Posts: 158 My Profile | No bother bigone, hope all goes well with your visit. If you have any questions about or think you need more information about a different route then post back. |
| James H | 12-06-2007 10:05 PM |
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Joined: 27 May 2007 Posts: 32 My Profile | Iva Listen to George and take advice from an Insolvency Trustee. Take notes and even take a companion for support (and a memory option). |
