Starting IVA

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runiuksp

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Post by runiuksp » Tue Jul 26, 2011 3:13 pm
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Hello all,

I'm new to this forum and just wanted to say hello!

I had first chat with Melanie's office today in regards to starting an IVA. Hope it will go ok...

Thanks
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kallis3

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Post by kallis3 » Tue Jul 26, 2011 3:18 pm
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Hi and welcome to the forum.

You've picked a well recommended team and you will be in safe hands.

The forum is here for support and advice as well.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
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kazzafunk

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Post by kazzafunk » Tue Jul 26, 2011 3:18 pm
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Welcome to the forum!! Good choice to go with!

Keep posting to let us know how things are going and good luck!! It does feel like a rocky road when setting it up but it's well worth it!
Kazza

Please visit my blog:
http://kazzafunk.blogs.iva.co.uk/

IVA completed 21/03/2012
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ginger3232

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Post by ginger3232 » Tue Jul 26, 2011 3:19 pm
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Runiuk.sp - welcome from me to !
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runiuksp

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Post by runiuksp » Tue Jul 26, 2011 3:21 pm
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Thanks for a warm welcome!

I originally started a DMP with CCCS but I quickly realised it's not going to work for me at all...
So decided to search forums and found this one and found Melanie's details. So will see how it goes...

Thanks
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nepensioner

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Post by nepensioner » Tue Jul 26, 2011 4:52 pm
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Welcome from me too. You have chosen an excellent IP whose team will always be there for you. The next few weeks will be really hard, but worth the effort, stay strong...
Last edited by nepensioner on Tue Jul 26, 2011 4:53 pm, edited 1 time in total.
F & F Accepted 19th Oct 2010
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runiuksp

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Post by runiuksp » Tue Jul 26, 2011 5:14 pm
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Hi,

You said few weeks... How long does it usually take to set the whole thing up? From your experience of course...
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kallis3

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Post by kallis3 » Tue Jul 26, 2011 5:37 pm
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It usually takes between 6 and 8 weeks to set up an IVA unless you have anything complicated.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
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runiuksp

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Post by runiuksp » Tue Aug 09, 2011 1:59 pm
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Hi,

Quick update, budget done and all documents sent...

Now just waiting for the progress...

My monthly payment was calculated to the rate of £0.68 per £1 and my question is it worth to lower it a little bit to have some more cash in budget?

Thanks
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Foggy

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Post by Foggy » Tue Aug 09, 2011 2:08 pm
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You need to put in your actual spend, don't undercut to increase the dividend. Nor should you inflate your spend to reduce the dividend, the creditors follow guidelines and will not agree to anything they see as unrealistic.

Don't forget things like prescriptions, dentist, pets costs etc.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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kallis3

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Post by kallis3 » Tue Aug 09, 2011 2:23 pm
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Quite agree. Be honest about your expenditure. If it looks too high you may well have to produce receipts to prove it.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
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runiuksp

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Post by runiuksp » Tue Aug 09, 2011 4:21 pm
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OK, what about that £0.68 per £1... is it a good offer?
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Foggy

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Post by Foggy » Tue Aug 09, 2011 4:23 pm
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68/£ is an excellent offer runiuksp.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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runiuksp

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Post by runiuksp » Tue Aug 09, 2011 4:59 pm
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That's good to hear...

I'm just bit worried about my car...I hope I can continue paying HP...
Also bit worried that I've so many payday loans and they can vote against...
Last edited by runiuksp on Tue Aug 09, 2011 5:01 pm, edited 1 time in total.
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kallis3

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Post by kallis3 » Tue Aug 09, 2011 5:36 pm
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You'll be fine - not had a rejection on here for a long, long time and your IP would not be proposing this if they didn't think it would be accepted.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
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