Search found 33 matches
Search found 33 matches
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- by chrissy12345
- Thu Sep 21, 2017 6:18 pm
- Forum: Ask IVA Forum and Industry experts
- Topic: IVA and inheritance
- Replies: 25
- Views: 2434
You say it would be a lot less than if I carried on without the Iva but if I paid £20k off my original debt I would only be left with £16k and that does not add up to £7k extra worth of interest You are quite right. and if you had paid off the 20k there is a good chance you wouldn't have needed the...
- by chrissy12345
- Thu Sep 21, 2017 5:32 pm
- Forum: Ask IVA Forum and Industry experts
- Topic: IVA and inheritance
- Replies: 25
- Views: 2434
So me getting a £20k inheritance will end up costing me £7,000 more than I originally owed, seems really unfair unfortunately you have received truly shocking advise and shouldn't be in an iva if the inheritance was known. make a complaint You won't get much sympathy here for paying over the odds I...
- by chrissy12345
- Wed Jul 26, 2017 1:19 pm
- Forum: Ask IVA Forum and Industry experts
- Topic: F&F with inheritance money?
- Replies: 24
- Views: 2064
kallis3 wrote:I'm sorry Chrissie but they would - at the end of the day they are a business and charge fees.
And therein lies the problem. Have a read of SIP 9 and all of the legislation on fees and then you might understand a bit better!
- by chrissy12345
- Wed Jul 26, 2017 12:54 pm
- Forum: Ask IVA Forum and Industry experts
- Topic: F&F with inheritance money?
- Replies: 24
- Views: 2064
You cannot insist that they deal with monies paid in other than in the manner agreed at the inception of the proposal without putting forward a variation and getting creditor approval. You can Please enlighten me. Whether you like it or not IP has to have fair and reasonable fees AND has to be able...
- by chrissy12345
- Wed Jul 26, 2017 12:47 pm
- Forum: Ask IVA Forum and Industry experts
- Topic: F&F with inheritance money?
- Replies: 24
- Views: 2064
Insist that any IP fees are done on time costs when dealing with the inheritance as there should be no early Christmas present for the IP getting a 15% jackpot on £30k inheritance. If they refuse, report them. You cannot insist that they deal with monies paid in other than in the manner agreed at t...
- by chrissy12345
- Sat Mar 18, 2017 10:53 am
- Forum: Ask IVA Forum and Industry experts
- Topic: IVA charges
- Replies: 51
- Views: 3403
I'm afraid you are missing the point. In this scenario the IP should cover his costs, no more. The IP getting a windfall from someone's inheritance is wrong in anyone's book.
- by chrissy12345
- Sat Mar 18, 2017 10:02 am
- Forum: Ask IVA Forum and Industry experts
- Topic: IVA charges
- Replies: 51
- Views: 3403
I don't see that there is any problem as far as the debt is concerned. But why should the IP pick up £12k or whatever it is for next to no work. The original agreement really is irrelevant as it would never have been agreed if the inheritance was known to be a likely scenario. Pay in full, IP covers...
- by chrissy12345
- Thu Mar 02, 2017 8:22 am
- Forum: Ask IVA Forum and Industry experts
- Topic: Green v Wright
- Replies: 26
- Views: 2885
Is it just me or am i missing something here. The only reason the IP wanted this verdict is so that they can be paid even more than they already do by taking a massive handling fee from the PPI claim? They're not acting on behalf of the creditors. They're all out for them selves. Or am i barking up...
Search found 33 matches
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