The IVA council, advice please

A question about : The IVA council, advice please

Hi, was just wondering if anyone has had any experience with the IVA council??If so was wondering if you could tell me if you thought they were good or not?? As i have had a phone call off them and i'm not sure if they are just trying to get money out of me.

They seem to think that i have been miss sold my IVA, as i have no assets and they seem to think it would be in my interest to go bankrupt.

I am 12 months into an IVA with Blair Endersby. I would be greatful of any advice anyone can give me. As i am never sure who to believe when it comes to these sorts of companies.

I have spoken to cccs and they say to carry on woth the IVA. But then i have other people telling me that IVAs and Bankruptcy are the same. IVAs just protect your assets. I am not sure which way to turn. I am 24yrs old with a 4yr old daughter and i feel in such a mess. As i know i have damaged my credit rating for life now. I just want to know which is the best solution for me in the long run. As in the fututre i would hope to get a mortgage, etc.

Thanks for taking the time to read this.

Best answers:

• First question is do you have any assets?
• I don't think they are very well thought of :
  Try typing "IVA Council" (include the quotes) into Google and there are numerous results suggesting that their claims are false and that they have provided bad advice.
• No i dont. I still live at home with my parents.
• Hi Tigert. That is what i thought too. Thats why i am trying to find out if anyone has had any dealings with them. Im not sure what to believe anymore.
• Ok with no debts then how much exactly do you owe? How many months is your IVA for? What reason were you given originally for choosing an IVA over a DMP or Bankrupcy?
  As for anyone trying to get you to pay them to recover money from something you have been mis sold... honestly you can 99 times out of 100 do it cheaper and better yourself...
• If you have doubts about your IVA then contact your supervisor or one of the organisations here:
  Link: Non-profit Debt Counsellors' List
  The IVA Council are to be avoided at all costs though.
  From: Insolvency Service statement regarding the IVA Council
  Quote:
• Hi Mrs Tine, not sure how much i owe as i dont have the documents anymore. But i would say roughly around Ј20,000 if not more. I am 12 months into my IVA, i made my 12th payment yesterday. I was told the IVA would be less damaging on my credit file than bankruptcy and DMP would take 10years to finish, so they told me that the IVA would be the quickest and best solution. I was a little in the dark about all of this kind of stuff and did not do enough researh on it. But i was worry about my debts and i was having letters and phone calls everyday, so i just wanted to sort it as quickly as possible. Silly now i know as i should of looked into everything more.
  The company say that the put you on a money management course which looks excellent on your credit rating. And they get your name off the insolventry register 3 years quicker...
• Never heard of a money management course that could help your credit rating - if there was EVERYONE would be on it....
  As for getting off he insolvency register quicker... not sure, but that sounds like tosh too...
  Yes IVAs are less "damaging" than a bankruptcy but you really should have been given ALL the facts... Please read Fermi's post in full and check all the links - Fermi knows his stuff
• Thanks Mrs Tine, i will have a look at that now. I hate all of the different advice you get. You never know what to believe. As all of these companies are out to get the most money for themselves and not do what is best for you. That is why i like this site so much, as everyone wants to try and help each other.
  What is worrying me also is im still waiting for my I&E to be reviewed with Blair Endersby, as they had my income at a higher rate than im actually getting and i could really do with it coming down a bit, with the credit crunch and all im just about getting by. But the woman i spoke to today from the IVA council said that it was very unlikely that my payments would come down. They would be likely to go up in a couple of yrs. These pwople can be very convincing.