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by plasticdaft
Sun Oct 24, 2021 3:42 pm
Forum: Ask IVA Forum and Industry experts
Topic: Does an IVA affect me having power of attorney?
Replies: 8
Views: 7743

Just signed a joint one with my siblings for mum and iva's etc were never mentioned.

Paul
by plasticdaft
Sun Oct 24, 2021 3:37 pm
Forum: Ask IVA Forum and Industry experts
Topic: Do I have to declare any cash I receive to my IVA company?
Replies: 4
Views: 7687

Is mum aware of iva? Rather than give you cash could she perhaps instead put the money aside for you in case of emergencies?

Paul
by plasticdaft
Sun Jul 18, 2021 10:27 am
Forum: Ask IVA Forum and Industry experts
Topic: Applying for a mortgage
Replies: 9
Views: 2530

Have you successfully taken out other credit since the failed iva?

A clear credit file is just that,clear,with no history to base a judgement on.
by plasticdaft
Sun Jul 18, 2021 10:22 am
Forum: Ask IVA Forum and Industry experts
Topic: I have been advised to go for an IVA
Replies: 17
Views: 3852

I have been advised by Stepchange that an IVA is my best course of action to deal with my now spiralling debts. In the past 2 years I have lost my business, my marriage has ended and my physical and mental health are both poor. I have been declared unfit for work by the DWP and living off Universal...
by plasticdaft
Thu May 27, 2021 2:01 pm
Forum: Ask IVA Forum and Industry experts
Topic: Do I continue to make minimum payments?
Replies: 14
Views: 2933

Making any token payments will have no beneficial impact on any creditor meeting. Genuinely think any monies should be set aside for a contingency fund.

Going for an iva usually means you are out of options and cannot continue to meet your payments, it certainly was for us.

Best of luck.

Paul
by plasticdaft
Wed May 19, 2021 6:28 pm
Forum: Ask IVA Forum and Industry experts
Topic: I don't think I should have done an IVA
Replies: 10
Views: 4455

I do wonder what figures the introducer used to make the iva look a viable option? I take it introducers are paid per IVA setup/proposal?

Paul
by plasticdaft
Wed May 19, 2021 6:22 pm
Forum: Ask IVA Forum and Industry experts
Topic: Savings during IVA
Replies: 4
Views: 2110

I'd be careful not to save up "too much", as it may look like you have excess spare cash floating about. Savings should be encouraged during an IVA because the chances of going 5 years plus without some some of disaster(appliance breakdown etc), is practically nil!! Good luck with your iva journey. ...
by plasticdaft
Sat May 15, 2021 10:29 pm
Forum: Ask IVA Forum and Industry experts
Topic: Still chasing
Replies: 17
Views: 6190

Seems such a long time after completion for anyone to be trying to get anything off you, even as Foggy suggests its just a company that has bought a bad debt bundle. You can rest easy knowing they cannot chase you nor should they harass you to make any payment.

Paul
by plasticdaft
Sun Mar 21, 2021 8:36 am
Forum: Ask IVA Forum and Industry experts
Topic: Used a credit card
Replies: 5
Views: 3376

I think it may be best to come clean about the card and deal with it head on. Nobody benefits from your iva failing and you certainly are not the first person to use credit during an iva.

Hopefully your case manager will understand the choices you have made.

Paul
by plasticdaft
Mon Mar 08, 2021 8:31 am
Forum: Ask IVA Forum and Industry experts
Topic: Early settlement accepted
Replies: 5
Views: 2498

Brilliant news. Its amazing how you get a savings bug after going through such hard times.
My son was a teenager when we went through our insolvency and I'm so pleased even he learned lessons on how not to run his finances due to our mistakes.
by plasticdaft
Sun Feb 28, 2021 12:06 pm
Forum: Ask IVA Forum and Industry experts
Topic: Creditor demand though I am in an IVA
Replies: 11
Views: 2084

The massive plus about an IVA......simply pass the details to your provider and relax as creditors can do nothing to you.

Paul
by plasticdaft
Sun Feb 28, 2021 12:03 pm
Forum: Ask IVA Forum and Industry experts
Topic: Too much money left!
Replies: 6
Views: 2046

I wouldnt save such large amounts monthly in any account the IVA provider can ask about.

Seems a rather large figure and I'd be very concerned that in 5 years time somebody would come knocking that I was due to pay xxxx amount extra!!!

Paul
by plasticdaft
Sun Feb 28, 2021 11:59 am
Forum: Ask IVA Forum and Industry experts
Topic: Card payment details
Replies: 8
Views: 2774

Whst a frankly disgusting way to act. Its quite clear what is likely to happen, with them being able to adjust payments whenever they like.

No idea why governing bodies would allow a firm running IVAs to do so in such a fashion!!!!

Paul
by plasticdaft
Fri Feb 19, 2021 5:31 pm
Forum: Ask IVA Forum and Industry experts
Topic: I am struggling to pay my monthly IVA
Replies: 4
Views: 2054

Thu Feb 18, 2021 3:20 pmsharon474 wrote:
I am struggling to pay my monthly IVA payments, is there an option for my monthly payments to be reduced?

My IVA payments are bigger than my mortgage each month
How long have you been in the IVA?

Has anything changed significantly income or expenditure wise??

Paul
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