iva failed

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lendusaquid

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Post by lendusaquid » Wed Aug 27, 2008 2:46 pm
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Bad news I'm afraid My application has failed-unfortunately Nr said no as they were 40% + Synergie are putting me in touch with a company called debt care their sister Company. Looks like ten years in a plan. Really p@#@#D off.
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moretolife

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Post by moretolife » Wed Aug 27, 2008 2:57 pm
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oh no...i am sooo sorry to hear this...wont they re-apply ...IPS can sometimes work it through..is it a final answer...no...or lets negotiate??
IVA completed 11th Dec 2009 due to a Full and Final with the fantastic help of Michael Peoples and
Mc Cambridge Duffy

Visit my blog...Journey from Debt to Life Post IVA
http://moretolife.blogs.iva.co.uk
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Skippy

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Post by Skippy » Wed Aug 27, 2008 3:00 pm
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Sorry to hear that Lendusaquid. Has your IP asked NR why they rejected the IVA as apparently they have to give a reason.
Last edited by Skippy on Wed Aug 27, 2008 3:00 pm, edited 1 time in total.
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lendusaquid

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Post by lendusaquid » Wed Aug 27, 2008 3:01 pm
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Nr were not interested due to the amount-Dmp seems the only reallistic option-it feels like a real waste of time at the mo-I had a perfect credit record never missed a payment-not took into account-never missed a mortgage payment ever.
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Julie

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Post by Julie » Wed Aug 27, 2008 3:01 pm
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Oh i'm so sorry to hear that - can you renegotiate
Last edited by Julie on Wed Aug 27, 2008 3:04 pm, edited 1 time in total.
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aguise

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Post by aguise » Wed Aug 27, 2008 3:24 pm
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Sorry to hear this lendusaquid. One possibility could be to do a dmp and when the new siva comes in which will only require a 50% plus approval you could then try for that . You have done your best, be proud.

Ang xx
Please visit my blog at http://aguise.blogs.iva.co.uk/
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lendusaquid

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Post by lendusaquid » Wed Aug 27, 2008 3:31 pm
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it just feels like ive wasted 6 months and 2.5k and I feel really uncertain about the future.
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Julie

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Post by Julie » Wed Aug 27, 2008 3:42 pm
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lendusaquid - wait to see if an expert can advise you of the next step. Did you pay 2.5K upfront fees? If so will these be reimbursed as the IVA was not accepted?
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lendusaquid

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Post by lendusaquid » Wed Aug 27, 2008 3:44 pm
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no most will be used up as fees for Synergie-if any left ill be passed to dmp if taken up.
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Locko

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Post by Locko » Wed Aug 27, 2008 3:49 pm
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Can I ask whats a siva? Try payplan as I have found them brilliant
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Adam Davies

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Post by Adam Davies » Wed Aug 27, 2008 4:05 pm
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Hi
Maybe a lesson for anyone contemplating an IVA not to make more than two payments before the IVA is agreed.In this case Synergie have covered their costs and Lendusaquid is back to square one with £2500 not going towards their debts.
If you have NR as a majority creditor I would strongly recommend using a company that has a high acceptance rate with NR.
regards
Andam Davies
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lendusaquid

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Post by lendusaquid » Wed Aug 27, 2008 4:08 pm
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Hi Locko-I have google them and sent off a request awaiting a response.
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kallis3

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Post by kallis3 » Wed Aug 27, 2008 4:28 pm
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Lendusaquid, sorry to hear about your IVA, that's a real bummer!

I'm with Payplan as well, though mine is an IVA. They don't charge you for a DMP either as the creditors pay for it.

As aguise says, the new SIVA's are due to come in shortly. You could try again then.
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
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Viki.W

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Post by Viki.W » Wed Aug 27, 2008 4:33 pm
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lendusaquid, I'm so very sorry about your IVA. Is there no hope of NR changing their minds? X
If you would like to talk to me about your debt problems, please visit:
http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
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angelrainbow

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Post by angelrainbow » Wed Aug 27, 2008 4:41 pm
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So sorry to hear that, lendusaquid. Is it worth you trying again with another IP who won't require upfront fees and who has a good record with NR?
Completion Certificate received September 2012.
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