iva meeting next thur at 3pm..very scared

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gemma_r

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Post by gemma_r » Fri Aug 15, 2008 8:05 pm
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i have my iva meeting next thur at 3pm..very scared.If its accepted (fingers crossed) will i still be able to remortgage when me fixed rate deal runs out?
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kallis3

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Post by kallis3 » Fri Aug 15, 2008 8:08 pm
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Hi Gemma and welcome to the forum.

Good luck for your meeting next week. As for the remortgage, you can try and do it, but don't forget that your credit rating will be shot for the next 6 years.
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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aguise

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Post by aguise » Fri Aug 15, 2008 8:08 pm
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Hi Gemma and welcome to the forum.
All the evry best for thursday, we will all be here supporting you. Try not to worry you have done your best and will be fine.

ang
Please visit my blog at http://aguise.blogs.iva.co.uk/
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freelili

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Post by freelili » Fri Aug 15, 2008 8:09 pm
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Gemma, I know its hard but dont be scared. You have done all you can now. Your IP wouldnt have put this forward if S/He thought it wouldnt work. Stick to your guns though on the day.

I cant answer the Mortgage question, sorry.

Just wish you the best of luck for the week ahead.
LILY

http://freelili.blogs.iva.co.uk

I asked God for an answer, I have to live with his reply.
Exsisto an angelus quod planto quispiam sentio melior.
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Til

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Post by Til » Fri Aug 15, 2008 8:17 pm
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Hi Gemma,
Good luck for your meeting - really hope it goes well for you [:)]
Think remortgaging will be tough and we will be in same boat in 4th year of our IVA but we figure we can only cross one bridge at a time so that particular bridge will have to wait!
Best wishes for everything xx
"Hope is the feeling you have that the feeling you have isn't permanent." - Jean Kerr

IVA approved Aug 2008 - 6 year term - last payment made 6 Oct 2014. CC received 14 Nov 2014.
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plasticdaft

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Post by plasticdaft » Fri Aug 15, 2008 8:25 pm
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Has anyone tried to get a fixed rate prior to their meeting,or is the credit rating all to pot by that time. Just that I cant see anyone getting a sub prime remortgage in todays climate.
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
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Til

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Post by Til » Fri Aug 15, 2008 8:29 pm
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Not us plasticdaft - we in a way were lucky cos we fixed at discounted rate for 5 year term in middle of 2006 so before all this mortgage nightmare started - hence for now we are ok - just hope that it changes when it comes to remortgage time is 2011/12 and that the market is more favourable by then - not that our credit rating will be mind!!! [:I]
"Hope is the feeling you have that the feeling you have isn't permanent." - Jean Kerr

IVA approved Aug 2008 - 6 year term - last payment made 6 Oct 2014. CC received 14 Nov 2014.
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kallis3

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Post by kallis3 » Fri Aug 15, 2008 8:34 pm
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If you've not paid your monthly payments, that will show up on your credit record, so it might make it awkward to get a remortgage.
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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tori

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Post by tori » Fri Aug 15, 2008 8:44 pm
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[:)]hi gemma,welcome from me too.wishing you lots of luck for your creditor meeting next week.it can be a nerve wracking time,but try and stay positive.fingers crossed for you.x[:D]
please visit my blog http://tori.blogs.iva.co.uk/ a second chance..
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MelanieGiles

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Post by MelanieGiles » Fri Aug 15, 2008 8:51 pm
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Gemma

I hope that your IP has taken the alteration of your mortgage into account in proposing the IVA, as I think it will be almost impossible for you to remortgage whilst in the IVA. Instead you are likely to be faced with the option of your current lender's variable rate which is likely to be in excess of 7%. Please make sure that you will be able to withstand a jump in mortgage payments, which ought to be factored into your IVA by way of a staggered repayment.
Regards, Melanie Giles, Insolvency Practitioner
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moretolife

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Post by moretolife » Fri Aug 15, 2008 9:33 pm
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welcome to you gemma...hope you find answers here
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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Viki.W

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Post by Viki.W » Fri Aug 15, 2008 9:48 pm
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Welcome to the forum Gemma and good luck for Thusrday, I'll have my fingers crossed for you. 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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gemma_r

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Post by gemma_r » Thu Aug 21, 2008 1:22 pm
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an hour and a half to go till meeting!!!
just hope its accepted.
If the creditors say the want me to pay no, can i say i cant afford (as i cant) or will it not be accepted the??
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gemma_r

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Post by gemma_r » Thu Aug 21, 2008 1:24 pm
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that was meant to say pay more!!fingers arent working!
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Til

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Post by Til » Sun Aug 31, 2008 2:50 pm
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think this counts as advert or spam! [}:)]
"Hope is the feeling you have that the feeling you have isn't permanent." - Jean Kerr

IVA approved Aug 2008 - 6 year term - last payment made 6 Oct 2014. CC received 14 Nov 2014.
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