Full and final national debt line

[kpw]

hi Melanie or anyone in the know
National debt line are advising people that they do not, or should not do an iva to offer a F+F.What are the advantages of an iva F+F as opposed to one you offer youself. What help or assistance are NDL likely to provide?

[Soulgrowth]

I suppose that's ok so long as you've got the money to offer a F&F!

Debbie

[MelanieGiles]

People should look to an insolvency practitioner to advise them properly, who are the only professionals qualified to do so.

I do not know why this organisation is giving such advice, but personally I would take littlenotice of it. If it is appropriate to offer a full and final settlement via an IVA, then your IP will continue to advice so, and creditors will continue to accept such offers.

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

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

[kerrie2]

hI MEL IM USEING THE NDLINE BECAUSE I HAVE NO DISPOABLE INCOME AND I DONT WANT TO GO BR JUST YET
ARE YOU SAYING THAT THEY ARE NO GOOD
IM ONLY USEING THEM TO TO DEFER MY CREDITORS FOR A WHILE TILL I CAN GO BACK TO WORK.
KERRIE
X

kerrie kirkham

[MelanieGiles]

No - I am just saying that they should be steering people to all solutions rather that denying a particular one. And they ought to be referring people to suitably qualified insolvency practitioners if they feel an IVA or bankruptcy proceedings are an option.

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

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

[Cybus]

Just for clarification sake.

By F & F, are you suggesting that repayment to creditors is 100p in the £ or are you proposing to offer a payment that will be accepted in full and final settlement but after costs, the return to creditors is less than 100p in the £?




Tell it like it is.

[mikebdomain]

To be honest kpw I would always advocate seeking the advice of a NUMBER of professionals, you wouldn’t believe how frustrating it is to see people taking the wrong route to a problem due to ‘back door advice’ being given by people who only have a layman’s perspective on the benefits and pitfalls of an individuals circumstances, requirements and possible solutions.

How would you know whether an IVA F&F is suitable for you, based on the writings of a website that can only offer general advice for the average person in the average debt situation? How much about you as an individual, is average? People that have been in a similar situation can offer very, very valid and priceless information/help and pointers to finding the correct solution,

but in the end, a professional used to negotiating and armed with the knowledge of up to date current legislation will be able to advise you of your best course of action, whether that be IVA F&F or negotiating with your debtors on your behalf or whatever…

Most initial professional advice is free; the charges only apply should you start to use the services.


FREE ADVICE IS THE BEST ADVICE

LEYBRIDGE LIMITED
Mortgage Broker
Specialising in adverse credit.

see feedback and testimonials at:
http://www.leybridge.com/testimonial.php
Check out my blog at:
http://mikebdomain.blogs.iva.co.uk/
Please read our Initial Disclosure Document(IDD):
http://www.leybridge.com/Leybridge-IDD.pdf

[iva.com]

Hi Kerrie,

We also recommend seeking advice from several professionals before deciding which is the best solution for you.

Kind regards,
Terry Balfour
IVA.com



IVA.com - The IVA Comparison Site
100s of reviews, All IPs and IVA firms rated.

Use our IVA firm comparison tool to find best IVA firm for you:
http://www.iva.com/iva_comparison_1.asp

[kerrie2]

HI
IVE BEEN AVISED BY ACCUMA AND THEY SAID THAT I DID NOT HAVE ENOUGH DIPOSABLE INCOME SO THEY AVISED ME TO EITHER GO BR OR GO TO THE N D LINE TO DEFER CREDITORS FOR A WHILE TILL IVE HAD MY OPERATION AND I WILL BE BACK AT WORK WITHIN THE YEAR.
THEY HAVE SAID THAT AS LONG AS I PAY THEM £1 A MONTH I WILL NOT HAVE ANY BALIFFES ETC .
PLEASE ADVISE IF ANYONE AS TAKEN THIS ROUTE AND WHAT THERE OUTCOME WAS.
IM A LITTLE SCARED AS IVE NEVER DONE THIS BEFORE AND AM WORRIED THAT IM GOING TO GET PEOPLE KNOCKING AT MY DOOR
KERRIE
X

kerrie kirkham

[lily]

Kerrie

If you offer token payments to your creditors they will continue to write and phone and they threaten to come to your door but rarely do they ever turn up. Even if they do you can tell them to go away.

You cant give them what you havent got but they are not going to like that one bit. Many will be happy to leave you alone for a couple of weeks and freeze interest for a while but they do not have to accept what youre offering. I know its hard but you must concentrate on your own health righrt now. Please do not worry too much as it really isnt good for you. You could give some further thought to the BR route, you may not lose your house if there is no or very little equity.

Good luck.

lily