Hi emma.g From what i am led to believe you are not allowed any credit at anytime without approval from your IP whilst in an IVA. You say you also have savings now . I find this very hard to see that your IP has not asked you to pay this extra money into your IVA as the purpose of an IVA is to pay b...

Hi Johnmc, My understanding to the key of getting an offer accepted early is that to offer say 2p in the pound more than what was origianlly proprosed, which is a sweetner to your creditors. Also you must make it perfectly clear that this money from your friend is to be paid back with your surplus m...

sorry again i meant to say can still make contributions of £343 per month
james

Hi Melanie,
Thankyou for your response, i did not make my self quite clear enough sorry. I pay £343 per month the £570 was a one off extra from overtime and i could still make contributions of this amount would this affect a £5000 offer
thankyou james

sorry but i posted a question it has gone under hot hot hot topics could someone have a look and answer it when they get time thanks
james

Hi All, I wonder how much i should offer as full and final Total debt £47714, original propasal creditors want 25p in the £ = £11928.50. costs are £ 6034 and vat £1098 so far i have paid 7x £293.00 = 2051.00 29x £343.00 = 9947.00 1x £570.00 = 570.00 total = £12568.00 If someone could advise it would...

Hi Cl_ This does not sound pleasant at all. Just a thought have you thought of asking the utility companys if they could install a card meter for you that way you can never get behind with them because you have to pay straight away for what you use. Then once that is done you could try and sort the ...

Hi llw, I had £48000 in unsecuered debt my monthly contributions are £293 per month in my iva. I was in the same boat as yourselves using credit like you would nt beleive just to be able to pay my bills. I did get a secured loan fo £25000 as well which I regret because if I knew about ivas when I wa...

hi melanie and thankyou both for your replies very much appriciated. the story gets much more complicated, the iva is in my own name and i have since split with my wife so i stuck to pay debt but still thats life. Barclays account with overdraft has been closed and max recovery are going through my ...

Hi all when i took my iva out in sept 05 i had monthly contributions to make of £293 per month, also my partner was allowed an allowance of £50 per month. in my iva i put my overdraft with barclays into this £2378 but this was a joint account so it was classed at a contingent debt. which i had to pa...

hi your answer is no credit allowed what so ever. can i ask why you want credit cards and loans if you want to get out of debt?
james

hi,
i am not to sure but i think this will be classed as a windfall and your creditors will expect it to be paid off your debt. wait for an expert to get back to you though
james

Hi Squawk and congratulations. just a quicknote about bank account. When I started my Iva and had debt with barclays bank so I had to change banks, even with my Iva lloydstsb gave me a bank account at no charge. I started off with a visa cashpoint card only, after 6 months they gave me a visa debit ...

hi and thankyou for your advice its very much appreciasted. money is coming from a family member which i will have to pay back its just less stress than being involved in an iva
many thanks james

Hi g.n I have an IVA and they listed my car as an asset which is not on hp though. I beleive I am correct in thinking that an IVA can only include unsecured debt and you would still have to pay your car loan. If you could obtain a unsecured loan to pay car loan off then IVA would take that loan into...