Creditors

[123debtsolutions]

Hi Gary

Are you proposing a joint IVA or individual?
Did you have an assessment carried out by more than 1 company?
Also
Do let us know the outcome after speaking with them tomorrow.

Regards

Lee
www.123debtsolutions.co.uk - 08000 114 123

[gporter3319]

Hi Lee, both myself and my wife are doing an iva, although i'm not sure they are doing them jointly.Will be calling the company as soon as they open this morning.Will keep you posted.Gary

[lonely]

I'm really worried now! Are Lloyds the same as Blackhorse? If so, they make up 35% of my aggregate debt when I combine my loan, credit card and overdraft (£17,900 of an aggregate debt of £51K). Does this mean my IVA or DMP will most likely be rejected?

[gporter3319]

Just spoken to Moneydebt& Credit who are dealing with our IVA and they claim that if there IP's thought that our proposal would not be accepted that they would not put it forward. They also say that each case is judged on its own merits, which I can understand. But after speaking with you guys on here think that before it is to far down the road I will request that all my paperwork is returned to me .Just recieved a call from Thomas Charles company, they also think that Blackhorse is a problem , so paperwork is definatley goona be requested back.

[gporter3319]

Hi Lonely yes Lloyds and B/H do fall under the same umbrella.

[aguise]

LLoyds tsb were one of my creditors and they didnt vote they held nearly 50% of the debt but mine got through with the other yes votes.

[gporter3319]

Just requested all my paperwork back and was basically told what and idiot i was and that it was my choice.The girl on the phone couldnt wait to hang up on me! Moneydebt & Credit!!!

[MelanieGiles]

Lloyds TSB DO NOT have the same criteria as Black Horse, although they are part of the same group.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk

[lonely]

Hi gporter, your story really scares me. I do not understand how IVA companies can charge such extortionate fees! Surely there should be a law against this. I hope you get it resolved soon. Good luck.

[gporter3319]

Please dont let my situation scare you in any way , I think I may have just stummbled onto a company that advised me wrongly.Luckily I found this forum before things got to far down the line with them.I am now looking at different options that may be open to me.If you listen to the guys on here you wont go far wrong.Gary

[jannette92]

Money debt and credit were one of the ones we contacted and I didn't gleam much confidence from them. Important to shop around. Our credits meeting is on 19th Feb we are very nervouse but optimistic.