i am currently 22 month into my IVA, and have found out that i will be made redundant in May. i pay 24p in the pound currently paying 520 pm.my redundancy would be around £35k what would be the best course of action,to pay off the IVA or to continue to pay monthly until i get another job(fingers cro...

Thanks again Melaine,i applaud the work you and all the experts do for all of us.

thanks again,what would happen(changing tack completely)if i was made redundant receiving £30k approx my current payments are £520.00,would i be able to pay off the iva with the proceeds subject to getting another job.i guess if i was unemployed for any length of time the redundancy money is classed...

Thanks Melanie,
do i have to go back with twelve months of pay slips,and utility bills,also will the flucuation in petol price be taken into account?

How time flies!
Can you advise me what information is normally required for review purposes.
Also due to the increase in the cost of living i.e. fuel costs,gas, electric etc am i able to alter last years figures for budget purposes?
thanks again in anticipation of information

Hi Marie, my IVA was approved at 26p/£ but depends on your circumstances.

My IVA has been approved but what if i get made redundant,i would get a lump sum of about £35k against debt of £80k, paying 26p/£ would this be used as a final payment or would i have to continue paying £521.00 per month for full term of IVA? also would it be beneficial to take some form of payment ...

i found that if you can take the calls and explain what the situation is and ask for their names it becomes more personal for them,also make sure that they make notes of the call as all that happens is your name and number continues to appear on contact lists on a computer screen and its nothing per...

creditors were, aa loan,mbna,abbey,nat west,gm,debenhams,aa crdt,ge money accepted 100% at 25p.I had always managed to pay so had no previous debt but used bank o/d to susidise payments until max limit

how good does this feel was approved earlier,only wish i was 27 again!!! congratulations try to move on now and enjoy!!

sorry got quite emotional and forgot my grammar

thanks guys, a lot of my planning was down to the invaluble information from vairious threads on this site from which IP to use and how to go about making a strong proposal to the emotional rollercoaster you climb aboard when trying to make swim against the tide.
keep going everone you will make it

my creditors meeting was at 3 this afternoon by 3.15 i had phone call 100% approval including MBNA and Abbey,used Grosvenor partners, excellent service. whoooo hooo.
I will keep using the site now to help others

thanks guys that makes me feel much better,keep up the good work it really is priceless

hi everyone,my proposal is being put together and my ip has told me not to pay any of the creditors,i have paid him one payment of what he considers is my affordable amount,my problem now is i have all the creditors contacting me by letter/phone for a payment.i have advised them all in a pleasant ma...