rejecting IVAs

[trog]

Are some co mpanies more prone to accepting IVas than others. From what read Egg NR Blackhorse bad.

Read you have to have more than 3?

What if you have more than 3 but say part of the same company, take it a IVA wouldnt work

[couple31]

I've heard Egg are ok, they accepted ours at 40pin£.

We owed them 11k

[MelanieGiles]

Egg are a very supportive creditors and are represented by Grant Thornton who are one of the most commercial creditor representatives out there.

You need at least two different creditors with three separate lines of credit to make an IVA viable.

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

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

[trog]

Okn just thought alot of companies were like MBNA?

Not sure what it is maybe guessing here, but blelieve

He has egg laoan and c card

halifax loan and credit card

and c cards with Virgin and Mas RBS

might have gotten it slighty wrong but think that it is the just of it. Will really need to sit down and talk this trhorough with him

[iva experts]

Hi Trog,

MBNA have become a more difficult creditor over the past 6 months as they have been rejecting more cases with no real pattern as to why they reject certain cases and accept others. Its a lottery.

However your I.P would be away as to what is an acceptable offer to the creditors, what p/£ would you be offering?

Best Regards,
IVA Experts
http://www.iva-experts.co.uk/

[Skipper]

This Bank and Capitalone are been complained about by UK customers more than any other CC firms in hiking CC charges even with people with good CC spending behaviour.They happen to be US banks. What does this tell you given the current US credit climate.



<<My motto:I am proud of black culture and is against racist bigotry>

[couple31]

They were the only creditor out of 13 to reject our iva

[sostressed]

Couple31 - how much debt were you in and is it a joint IVA - dont mind if you cant answer

[couple31]

Hi

This post details our situation

http://www.iva.co.uk/forum/topic.asp?TOPIC_ID=6913

We've entered into a joint full and final IVA having borrowed the money from my father in law (paying him back over ten years)

[trog]

Good on your father in law, didnt realsie you can enter into a full and final settlemet from the start.

An idea my partner could ask his parents but dont think they might be as helpful

[couple31]

Neither did we at first and we were going to go for a nornmal 5 year IVA. It would have been very hard due to my being self employed and my income varies widely every month.

It wasn't pleasant having to tell my father in law about the debt escpecially as he is very careful with his money but obviously it was for the best in the end.

[trog]

Totally understand, i have no debt apart from mortgage, my parents just dont do debt, whereas my partner, well his parents have always been buy now worry later. lucikly at moment his parents are in a comfortable situation

I just can not tell my parents about this at present.they worry if im late paying the window cleaner