Thanks Foggy, forget they will be credit agreements.

This is something that really confuses me about the statements in the iva document. In one instance it says no new credit can be obtained, then says credit upto £500 doesn't need to be declared.

I can't see anyone, short of PDL's giving credit to us in iva's even under £500

unfortunately yes, as foggy states third party claims companies usually take about 35%, your IP will likely take their cut too, about 15% then the rest is, sorry should then be distributed amongst creditors.

Our main car was and is still on HP in our iva with Toyota FS. The payments were protected similar to a mortgage or secured loan would be. I wouldn't expect that you would lose the car unless VW are anti-iva. Once our HP agreement ends, the iva payment increases equal to the HP value.

Hi UpToMyNeckInIt, the wording in my iva is the same, as they were taken out at similar times i wouldn't expect much different. When I asked the SC advisor she said "it's not in the spirit of the iva to take out credit, but yes it was allowable". The IP wasn't so lenient, saying that any further cre...

font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade> Originally posted by esgt1967 This post is a bit worrying, do all reviews include a trawl through your bank statements or is it only certain companies? I was only asked to produce my bank statement initially to confirm deb...

damit, I'm with StepChange and when I claimed a PPI they claimed the full amount for themselves less the HMRC tax. Wish I'd got the 8% interest it would have been £5250, oh how depressing

Is it possible to fudge the figures? Where your over, reduce them and add the difference to figures you're lower on? I know CCCS done this on our original budget so don't see why PayPlan can't do the same.

If you have a local credit union they may be able to help out, although being in a iva they may prefer her to have savings to borrow against. Can't remember the exact criteria but some CU's will consider lending to iva'ers. I was advised by my IP's assistant doing this for less than £500 (in my case...

I would be interested to find out if you were successful in getting your IP to allow funds to be returned. I'm just searching for similar topics as I'm in the same boat, so to speak. I've received a large payout from PPI on loans that weren't included in the IVA and following SC blog advice that the...

font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade> Originally posted by stirling It's not often I have to disagree with Melanie, but on this occassion I have to. Stepchange ARE treating it as a windfall and I disagree that they are giving a sweetener of £500 to have client...

This must differ between IP's? We received written confirmation from our IP that from November 2012 our income allowances would be combined and treated as one joint allowance for both incomes. Makes it far easier to decide if we owe any over payments.

That is bad luck with the cars, we've an 05 BMW X3 and heaven forbid anything goes wrong on it whilst we're in our IVA and locking into keeping it. As soon as the finance is paid, it's gone! Unfortunately being BMW everything will be premium prices :( hope the garage do you a good deal and don't tak...

font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade> Originally posted by Tab Carloans4u offered me a loan , but they lend a minimum of £5000 , and it's obviously at an extortionate rate just been looking at the faqs on carloans4u, minimum loan is £2-3000 dependant on lender...

Both my wife and I regularly have business expenses reimbursed through our pay. Our IP advised to deduct them from our take home pay before seeing if we owed anything extra to the iva.