Search found 195 matches

Search found 195 matches Page 1 of 13
by Breezy
Thu Jan 11, 2024 6:45 pm
Forum: Ask IVA Forum and Industry experts
Topic: Bonuses/Overtime and Salary Sacrifice
Replies: 1
Views: 2464

CF are correct in that the bonus should be dealt with in the month it is paid, as payment for that month (even though it might cover 3, 6 or even 12 months). That said some IP's do actually average it out over the period the bonus is designed to cover. But CF will likely go for whatever gets the bes...
by Breezy
Fri Jan 05, 2024 3:48 pm
Forum: Ask IVA Forum and Industry experts
Topic: How do lenders check if you've had an iva registered more than 6 years ago?
Replies: 1
Views: 1723

In theory it should not come to light after it has been purged from your credit files. However, I am not convinced that a record doesn't remain somewhere, known only to the "illuminati". Do you remember, back at the height of the PIP claims and all those management firms claiming to be able to go ba...
by Breezy
Wed Jan 03, 2024 5:14 pm
Forum: full and final settlements
Topic: Full and final offer
Replies: 2
Views: 2062

With most firms I would say that £20k would be worth offering, as you are also saving both IP and creditors form 3 more years of messing around with monthly installments, which cost in administration time and resources. CreditFix, however, are known to be keen on the full outstanding payments being ...
by Breezy
Mon Jan 01, 2024 9:59 am
Forum: Ask IVA Forum and Industry experts
Topic: Vanquis CC - why have they generated me a Purchase interest of £140 (in statement) when my balance was/is £0 ?
Replies: 1
Views: 1003

Interest on the £4500 from Novembers statement date until the latest statement date / payment date ??

Yes, you can ask Vanquis for an explanation. Statements are often slightly adrift from real time, which might account for some of it and, if so, they will adjust.
by Breezy
Mon Nov 20, 2023 12:29 pm
Forum: Ask IVA Forum and Industry experts
Topic: Mccambridge duffy removal of charge on property
Replies: 2
Views: 1393

It will be easier ( and faster) if McCD remove the charge, as they should have done well before now. A polite email should jog their memories. This is what Land Registry told me, back along, when I queried charge removal with them: To withdraw a restriction H M Land Registry would normally expect to...
by Breezy
Sat Nov 18, 2023 7:56 pm
Forum: a success story
Topic: At last its all over
Replies: 2
Views: 1755

Definitely worth it in the end --- looking forward 5 or 6 years can seem quite daunting. But, looking back, it's not so long in the grand scheme of things. Harry and Megan married 5 years ago -- seems like yesterday !
by Breezy
Fri Oct 27, 2023 8:44 am
Forum: Ask IVA Forum and Industry experts
Topic: First draft Iva refused by Plend
Replies: 6
Views: 1322

Have you checked out a DRO ? Might be better than bankruptcy if you fit the criteria.
by Breezy
Mon Oct 23, 2023 2:18 pm
Forum: Ask IVA Forum and Industry experts
Topic: Completed - but credit score went back down?
Replies: 1
Views: 986

Sounds like a glitch at the CRA. Hopefully they will sort it out soon.
by Breezy
Fri Oct 20, 2023 5:29 pm
Forum: Ask IVA Forum and Industry experts
Topic: First draft Iva refused by Plend
Replies: 6
Views: 1322

For a "Yes" they need at least 75% in favour (by debt value), so, as they say, if the 'missing' creditor votes yes then Plend will have to play ball. The fact that the creditor has not, thus far, voted indicates either disinterest or that they are happy to let the dice fall where they may. Both woul...
by Breezy
Fri Oct 13, 2023 6:48 am
Forum: Ask IVA Forum and Industry experts
Topic: IVA doesn't drop off your credit file after 6 years. You have to send them the completion certificate!
Replies: 7
Views: 2009

Re. the default. The CRA are correct in that they only report what creditors tell them ! If the creditor in question will not comply you need to complain to the ICO. Have a read here: https://www.iva.co.uk/what-does-an-iva-do-to-your-credit-record around the middle of the article, either side of the...
by Breezy
Wed Oct 04, 2023 7:58 pm
Forum: full and final settlements
Topic: F&F advise please
Replies: 5
Views: 1228

They usually submit the paperwork to creditors a couple of weeks after getting everything they need from you and they give a month's notice of the variation meeting. Then, when accepted, you make the final payment and the usual closure procedures begin. These can take up to 6 months, but, of course,...
by Breezy
Wed Oct 04, 2023 10:58 am
Forum: full and final settlements
Topic: F&F advise please
Replies: 5
Views: 1228

I ended my IVA early ( half way through) as changes in my circumstances left me unable to afford the £460 IVA payment at all ! They just did an I&E and that was it. IP's will not submit an offer if they think it has little chance of going through The couple of payments made during the process will b...
by Breezy
Wed Oct 04, 2023 6:59 am
Forum: full and final settlements
Topic: F&F advise please
Replies: 5
Views: 1228

The process usually takes from 6 to 12 weeks. I cannot comment on the outcome, without the full picture, but, if the offer is a good one then the chances are good. Best of luck.
by Breezy
Mon Sep 25, 2023 11:11 am
Forum: Ask IVA Forum and Industry experts
Topic: 6th annual review
Replies: 1
Views: 1439

Contractually you and the IP are bound to carry out a review on each anniversary of the IVA until completion, so, yes, you should have this review, possibly along with another in 5 months in readiness for closure.

Not long now :)
by Breezy
Thu Sep 21, 2023 9:33 am
Forum: Ask IVA Forum and Industry experts
Topic: IVA doesn't drop off your credit file after 6 years. You have to send them the completion certificate!
Replies: 7
Views: 2009

If you have not yet been issued with the completion paperwork your IVA is still 'live' and will remain on the register.

Your IP will inform the Insolvency Service of completion in due course and the Insolvency Service will inform the CRA's.
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