NOW 76K

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63k

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Post by 63k » Wed Oct 17, 2007 7:39 am
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We had our proposal through, our original debt I thought was 63k, astually after ringing the loan companies for a settlement figure its up to 76k!
Waiting for the postman for exact figures but this is what was said to me on the phone.
Our expendtiure based on a 5 person household, was given as £2600, our income after tax n ins would be £2500, how are they working out we will pay back £500 per month?
They know my husband will be doing some overtime of which we will have to pay 50% into the IVA but this is not guaranteed.


Would we be better off going bankrupt?
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jpj

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Post by jpj » Wed Oct 17, 2007 7:53 am
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not sure they would agree an IVA at that rate...dont be tempted to agree to something you cant manage!!
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iva experts

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Post by iva experts » Wed Oct 17, 2007 9:14 am
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Hi 63k,

Are you certain that those figures are correct? Im not sure that anyone would bother putting a proposal forward, unless you have a house with equity in it and are offering a full and final settlement?

Best Regards,
IVA Experts
http://www.iva-experts.co.uk/
Best Regards,
Michelle Pontes
IVA Experts
http://www.iva-experts.co.uk/
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63k

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Post by 63k » Wed Oct 17, 2007 10:41 am
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STILL WAITING ON THE LOVELY ROYaL MAIL... but as soon as I get the proposal I will update you, its all I had from my telephone conversations. So they are rerally confusing me here! Or I am confusing myself! :)
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