Thanks all, I understand it better now.

Hi All, I finished my IVA in 2017 with a full and final settlement, my iva started in 2014 and I have just received an update that the iva has dropped off my credit file from a credit reference agency. The thing I am confused about is my score, it was 450 and it has now dropped to 390 even though th...

Thanks Foggy, panic over

Well the offer is in but something has worried me, they replied with this. 'Once you make a full and final offer to your creditors, the first thing to do is to stop paying your monthly income contribution into the IVA. We have to wait for a period of 28 days so as to allow your creditors, to vote to...

Thanks Foggy,

A God Send as usual

Hi All, Was hoping you could give me some advice on my offer letter, if anything should be added/removed etc etc. Dear Sir/Madam Further to our conversation I would like to formally offer a lump sum payment of £XXXX as a full & final offer to conclude my IVA. I will continue to make my monthly payme...

Thanks Foggy, Lisa If I could pick your brains on this one as well. Perinta Finance have been contacting me a lot recently since I contacted my IVA company about a possible full and final offer and the lady told me that if I took out the loan (£5000) and it was accepted 6 months later or even 1 mont...

Hi all, My dad has agreed to put up the money for a full and final offer to my IVA, he was fine with writing a letter to say he was providing the funds but really dislikes the idea of sending a bank statement and drivers licence to someone he does not know as he is really old fashioned, he feels tha...

Thanks guys for the help, im still in shock that I can get this deal but as you all say I will grab it whilst I can.

Hi all, Rapidly approaching 3 years in my IVA ( doesn't time go quick when creditors are not phoning you everyday :) ) I have an interesting dilemma that I would like some help with, my 5 year fixed rate ends in May of this year and my rate will go from 3.8 to 5.5% apr, this will put and extra £90 p...

Thanks Michael, that has put my mind at ease.

The wording in the creditors meeting is exactly the same as what was proposed so all should be well, maybe more people should go for a non protocol IVA but as you say a secured loan may well be a better option when the time comes.

Michael, could do with some advice if you do not mind.

My IVA was taken out in 2014 but is non protocol, I had written into the terms that a secured loan could not be used to refinance, only a re-mortgage or a 12 month extension.

Is that water tight in your eyes? Just in your opinion that is.

Thank god I got PJG to put in specific terms in my IVA, I made sure it was written into my chairman's report that only a mortgage can be used to release equity 'And no form of secured loan can be used' Thankfully we got it through the application and it was only one company that picked up on it. Som...

Just had the phone call, I asked if this will change anything I agreed with PJG, for example secured lending and was told yes there are a few changes.

Wont be signing if there are any.

Ok thanks guys, and ladies.

Will just have to be careful with what I sign going forward.