please northern rock give us a chance

[pnn]

is it true that if your creditors meeting is at the start of the month you have more chance of being approved .
my rejected iva was on the 22nd jan my main creditor was northern rock who we owe 26,000 to we were offering 47p in the £
we are now going for our 2nd attempt at a iva with melanie
were just so worried about northern rock rejecting us again

please northern rock give us a chance at living a debt free life
all advice greatly appriciated thanks

[zoe]

Hi there
Did they say why you were rejected?

Zoe
x

[pnn]

ye it was due to not having enough equity in our home,
to remortage at the end of 4yrs

[go_4_broke]

Have a look at Melanie's blog. She says Northern Rocks STANDARD rate is 45p/£ and she managed to get it a lot less than that, so you must be in with a good chance. Out of interest how much equity did you have available?

-Best

'5 years sticking my head into the Lion's mouth of debt !'

[MelanieGiles]

Hi pn8

Northern Rock tell me that they simply look for the very best offer when reviewing IVA proposals. So if you are offering a repayment plan to the best of your ability, this should be given serious consideration by this creditor.

I have not heard about optimum times of the month for voting, and do not believe this makes any difference in the eyes of the creditors.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk