Give Melanie a call. If an IVA is the best way forward for you she will be able to help you, and if not she will give you honest advice about your options.
I have read these posts with interest and as someone helped by Payplan in the past - although neither a DMP nor IVA was suitable for the woman with a £500 monthly deficit.
I am surprised at the advice and really think you should go back to your case officer and ask to discuss with their manager.
It is true that you would not be able to do a protocol IVA as your income is mainly benefits based but to say you cannot be proposed for a normal IVA is poppycock. Yes, some creditors feel bankruptcy is a better option for someone with no assets - except a basic car needed for mobility purposes - and income made up wholly of chiefly of benefits as it would be the quickest and cheapest way of ridding yourself of debt as it would be extremely unlikely that you would get an Income Payments arrangement because of the source of the income. However, for whatever reason, you do not want to go bankrupt and also do not find the idea of another x years in what is merely an informal arrangement as all debt management plans are. So an IVA is the perfect middle ground - although there will always be those who think an IVA is misadvised if someone could go bankrupt just as easily.
The fact you are in debt management and have been for several years is a huge plus in your favour as you can prove your payments have been sustained - HSBC are no longer quite as rigid in their requirements. It is true that recently they have seemed quite draconian in their demands but as you could continue with your dmp whilst any IVA was being set up so you have nothing to lose. I should also say that if it were rejected then you could go bankrupt knowing you had done all you could to resolve the issue.
I would get on my high horse and ask to speak to the organ grinder as a previous poster put it. For goodness sake even if you think about it commercially why would any company turn down something that would make them money.
I think you have unfortunately come across someone with limited knowledge if that is the email you were sent.
I'm with Payplan myself with no problems, but I wouldn't be getting back in touch with them if it was me.
I'd try another IP, with a smaller company who would have my best interests at heart.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
If you have any problems send me an email - you can get that from clicking on my Avatar. Janes comments are excellent.
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
Would be interesting to see what Payplans views are on this.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
I would tend to agree with Janes comments above, something seems to be unusual regarding your query. Payplan do IVA's for people whom are registered as being disabled and only in receipt of benefits, not sure where your case officer got this from.
As posters above has stated, we are unable to do this through the new Protocol IVA's but we can certainly take a look for a normal IVA.
I would be grateful sleigh if you could email me so that I can assess this further and see where the problem lies.
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
Kazz wrote:
I would tend to agree with Janes comments above, something seems to be unusual regarding your query. Payplan do IVA's for people whom are registered as being disabled and only in receipt of benefits, not sure where your case officer got this from.
As posters above has stated, we are unable to do this through the new Protocol IVA's but we can certainly take a look for a normal IVA.
I would be grateful sleigh if you could email me so that I can assess this further and see where the problem lies.
how do i contact you Kazz, so i can supply you with all the details,i cant seem to find your email address anywhere
