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 HiHope you can help!! I have recently entered in
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tracey.pt
New Member



4 Posts

Posted - 10 March 2010 :  12:46:21  Show Profile  Visit tracey.pt's Homepage  Reply with Quote
Hi
Hope you can help!! I have recently entered into an iva, however my partner has a car finance agreement and they have now sent a notice to her saying that they will be taking the car from her as she has broken the terms and conditions.
The iva company have said that they have written to the car finance company saying that they have no interest in the car, etc my partner has never missed a payment in the 18 months that she has had the car, and still has a further 2 years to go, they are being really horrible about this and she has to travel long distance to work and is upset as she will not be able to get to work if they take the car!! any advice would be appreciated. Tracey

Bridgewood
Forum Expert



United Kingdom
104 Posts

Posted - 10 March 2010 :  12:50:10  Show Profile  Visit Bridgewood's Homepage  Reply with Quote
Hi Tracey

They are more than likely well within their rights to do this. I think you should speak to your IVA company and ask them to cal them to explain that the monthly repayment has been included within the expenditure. They could also send them a copy of the Income & Expenditure.

Also see this previous discussion http://www.iva.co.uk/forum/topic.asp?TOPIC_ID=27964

I hope this helps.

Our Website: http://www.bridgewood.co.uk

Bridgewood specialise in helping people deal with their debts and make the most of their financial situation - providing free, no obligation debt advice.

We can also setup a complete range of solutions including debt management plans, IVA and bankruptcy support.
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Andy Davie
Administrator



IVA completed.

10766 Posts

Posted - 10 March 2010 :  12:56:02  Show Profile  Visit Andy Davie's Homepage  Reply with Quote
Hi
Hi
Are you both in IVAs ?
This is quite common, however if you talk to the finance company and insist that an allowance has been built into your IVA to make payments they will usually allow you to carry on paying.
Regards

Andy Davie, IVA.co.uk spokesperson and a Debt Advisor
If you need any help or advice about the various debt solutions available please contact me via my website at www.andydavie.com
Author of "Real life IVA stories" and Debt Counsellor of the year finalist 2010
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MelanieGiles
IP



30800 Posts

Posted - 10 March 2010 :  18:19:03  Show Profile  Visit MelanieGiles's Homepage  Reply with Quote
I think that this does happen a lot, but in the vast majority of cases is dealt with by a little common sense.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp
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Andy Davie
Administrator



IVA completed.

10766 Posts

Posted - 10 March 2010 :  20:58:08  Show Profile  Visit Andy Davie's Homepage  Reply with Quote
Hi
If you have no luck try www.duncton.com they are IVA friendly and should be able to help
Kind Regards

Andy Davie, IVA.co.uk spokesperson and a Debt Advisor
If you need any help or advice about the various debt solutions available please contact me via my website at www.andydavie.com
Author of "Real life IVA stories" and Debt Counsellor of the year finalist 2010
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