When you forst enter into your IVA you seem to at first receive more calls from your creditors than before. As you have taken this step to sort out your problems the attitude of the banks etc is disgracefull. I tried asking for the names of the people calling me from MBNA & others and was informed that they did not provide this for personal security reasons! Not that this would make much difference as the next step seems to be that you start receiving automated message calls at all sorts of times. You certainly do get harassed.
However the good news is that eventually these calls do cease. Just dont let them get to you.
It varies from person to person. Apart from one on the date of acceptance, I had no more. Others have been known to receive them for months afterwards.
The good thing is that they can do nothing to you and can safely be ignored.
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
It sounds to me like this is a serious breach of the OFT's guidance on debt collection... I see little difference between this and trying to collect on a statue barred debt since it seems in both cases they are lying.
If you are really angry I would make the complaint, I imagine the FOS or any similar body would take a dim view of this.
We had 4 debts with MBNA and they were by far the worst creditors we had. They chased us for money for months after the IVA started. We just gave out the IVA providers number over and over and that is all the information that we gave them. I think that in the end they got the message. Our debt has also been passed on to a third party. Does this make any difference to the IVA?
Makes no difference at all, whoever buys the debt is bound by the IVA
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
Hi
I am new to this forum, but have been reading all off your reviews since the end of May when we decided to admit to our faults, that we needed help as we are stuggling to make our minimum payments to our creditors. Your reports have been very helpful and reassuring. I decided that I would contact a company for help and advice which they have been very helpful. We are only in the very early stages at the moment. We have sent in payslips, bank statments etc. etc., and have been advised the current status is our assigned company are currently writing to our creditors. I am a bit worried reading the reports as we have three MBNA accounts, between us and they sound very difficult. I have also an Asda store card which is held by Santander and tonight I got my first call from them asking me to make a payment. I have already made £5 payments to all off our creditors, so hopefully no-one else will contact us for another couple of weeks. I quoted the company the statement " we have recently assigned a third party to act on our behalf" etc., and then hung up, which I felt very bad about afterwards. I am also worried as we have two cars. 1 is our family car, people carrier, the other is a small hatch. I was advised that as the people carrier is worth about 11k, HP financed, we may be asked to down grade our vehicle. Our families live over 200 miles away, we have a dog, and two young children, which is why we have the people carrier. Is it true creditors could ask us to give up this car. has anyone heard of this before??
Any help or advice at this stage very much appreciated.
Thanks
Sam
F&F accepted 12/8/13 - Awaiting Completion Certificate
Thanks to everyone for your support. Could'nt have done it without you.
Hi Sam, I know I have been a one on her who has been very critical of both MBNA and Santander (actually the MBNA one was a sub of Santander or Abbey as it used to be) they can be a pain but just explain to them what is happening (I ended up writing a "nice" letter after 6 or 7 phonecalls with photocopies of letters from them), the same with Santander, phonecalls do not normally do the trick to be honest so save your money, send a template letter off to them with contact details of your IVA company and that may help, it does take time for things to calm down so do not worry if you get letters weeks (or even months) after the IVA is approved, I am still getting one or two a couple of months later. As for the cars, I am sorry I do not know, perhaps contact one of the experts on here?
MBNA were one of the worst creditors i had. Probably just edging ahead of Barclaycard. It took MBNA about a month after my IVA was accepted and then the calls just stopped. Speak with your IP and get them to contact them. I did not have any problems with ASDA with my IVA. But this was when tey were with GE Capital. However, i have dealt with Santander(Cahoot) and we did not have any trouble with them after the details for the IVA was passed to them and they understood the situation. Good luck Hammie1 with your IVA. Personally speaking, it is the best thing we done. Just make sure you get it right at the start with your income and expenses and i am sure it will be alright.
Forgot to say about the car. When we took our IVA, we had a a vehicle on what we thought has HP. However, after Cleardebt looked into it, it was found to be a personal loan and was added to the IVA. I am sure you're IP will advise you about the vehicle soon as it will form part of your proposal. Justifying your needs for the vehicle will probably help as well. Goodluck
Many thanks for your kind responses. I have had several calls today, and I have just posted a new topic about the co-op turning down an account for us, maybe it's cause they asked for our current bank details, not realising that this one will be closed down. I really need to get this changed asap, as I have just read another post, where someone has started a new job, and by mistake they gave over there old bank details. When the salaries went in it all got snapped up. I don't want this to happen to us. We have just been paid.
Thanks
Sam
F&F accepted 12/8/13 - Awaiting Completion Certificate
Thanks to everyone for your support. Could'nt have done it without you.
