Advice

[Adam Davies]

Hi
Because they will hold 25% or more of your debt and have the deciding vote and modification.
As your two largest creditors are represented by TIX I'm sure that Payplans fees will be reduced down in line with te TIX policy
Your husbands debts will certainly fall under the TIX criteria.
Regards

Andy Davie
IVA.co.uk Spokesperson and Website Manager

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp

[caraf]

Are TIX generally in favour of IVA's ?? as they hold the key to my IVA. Do they normally vote in favour.

[Adam Davies]

Hi
Yes,I have been upto their offices and as long as you meet their clients criterea,which you seem to do,you should both be fine.
Regards

Andy Davie
IVA.co.uk Spokesperson and Website Manager

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp

[caraf]

Thanks for your fantastic advise again !! Brilliant.
x

[Martin2011]

Hi Caraf, we have a (joint) interlocking IVA and our fees totalled 11.5k incl VAT on a total debt of 86k. Seems there's plenty of variety!!

Martin

[caraf]

Hi Martin2011. Thanks for that. We are doing interlocking ivas and our total debt is £85k very similar to your. Who were your creditors ? what you paying in the £
Which company you with?

[emma_t]

Caraf

I would not worry to much about fees as if your creditors think them to be exessive they will make a modification at your creditors meeting, if so they will reduce and your dividend increase.
Don't forget also it is likely that you will get overtime/bonus payments in the next 60 months and that will increase your final dividend.

[Martin2011]

Hi Caraf,

Creditors were, Lombard, Cahoot, RBS, and BoS. Our initial offer was 66p/£ after fees deducted, but we're now closer to 80% and on target to repay 100% due to improved incomes and a considerably less lavish lifestyle!!!

I'd agree with Emma though, don't worry too much about the fees, your creditors will require them to be reduced if they think they're too high. We're with ClearStart.... and have to say they've been great so far...

Martin