I have had calls and emails all morning from the payday loan companies (2) who are now adding unimaginable fees and interest to the loan and are being rude and horrible. Very different to when they sold me the loan in the first place naturally, I understand that.
Got a copy of the letter being sent to the creditors this morning which really made me see that the process is started - thank god. I don't know how much more of this constant calling and emailing I can take. Would love to answer the phone or open the post without fear! Oh well, sorry to moan, just feeling under the weather.
pick the phone up-give them your iva companies phone number and any reference number you have-then politely hang up.They may continue to harrass but just repeat the above-have a script written down ready for them ringing.
and most of all-GOOD LUCK AND STAY STRONG.
full and final accepted January 2015
iva agreed; August 2010
iva would have completed; August 2017
extra year thank's to NRAM
Hi Frenchie, unfortunatley, the calls/letters/emails may continue, it's up to you if you answer them but if you do, give them your IP's details as Andrea suggests and this may buy you some time, they may agree to not contact you for 7 days, I used to do this and does work in buying time. Won't be long now until the 14th, hang in there.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
The phone calls and the letters have to be the worst part.
You don't need to speak to them as has been said but if you do then don't let them bully you. Be polite, just tell them what you are doing and then put the phone down.
Alternatively you could refuse to answer the security questions as they cannot continue with the conversation.
You could always think of changing your number and going ex directory as a last resort.
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
As Kallis says -- refuse to answer the security questions -- after all, how do you KNOW they are who they say they are !?
I must admit I used to play with them ... just watch TV while they go through all their little speech, which usually ends with, "Can you make a debit card payment today?". Just calmly say "No", "When can you make a payment?" ..... "Not going to be making any more payments!"
You can hear the cogs whirring ..."Help, that's not in the script!"
Let THEM squirm for a change, for a while, then announce your going IVA and give them the IP's details.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Some people have put the phone down and gone off to do other things - they soon get fed up with hanging on! We did have one of our posters get his parrot to squawk down the phone, and another one has blown a whistle down it!
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
Thanks guys took your advice and that is exactly what I did. Told them NO. The payday companies are now asking for a 'good will' payment and although they did not say it directly they implied it would make them more willing to accept my IVA when the time comes. I am sure this is untrue and my IP says it is just a way to get what they can while they can so I said no again. They have changed their tack now offering me a payment plan. But isn't that kind of what I am doing already?!
I am really starting to worry about the IVA failing. Our dividend is 72p in an IVA per pound (only about 7p in BR). But what concerns me is that if it does fail for any reason I would have no other option (e.g. be forced) than to go BR. I really don't want this. I would consider cancelling the IVA if my creditors can just say "no we are going to make you BR".
Frenchie - Hi At 72p/per pound the creditors would be insane to turn that down in favour of bankruptcy.
These decisions dont come with guarentees, however the IPs would now put the proposal forward unless there was a very good chance it would be successful (they dont get paid otherwise).
Frenchie. You are making your best offer and if creditors turn it down go bankrupt with your head held high. You have done nothing wrong and debt is not a crime or something to be ashamed about.
I am sure your IP is more than confident about putting forward your IVA and it will be accepted. There are very few IVAs fail on this forum and those that do are still here happier than ever.
Thank you Michael but I can't express how much I do not ever want to go bankrupt - can I be forced into straight away if it were to fail? I know that most do but just today on the forum somebody has failed an IVA - it makes me feel sick with worry.
If it were to fail, and hopefully it will not, then you could do a debt management plan while you sort yourself out.
Is there a reason why you are so dead set against bankruptcy?
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
Yes BR is advertised in our area and I am a teacher - it would destroy my reputation. Also it may stop my partner pursuing various careers in the future.
LOL
