I have spoken with an IP company and things going OK

Get expert opinion. This is the place for new questions to be posted.
4 posts Page 1 of 1
Post Reply
 
 

Belinda.88

User avatar
Posts: 1
Joined: Wed Jun 15, 2016 11:21 am
Post by Belinda.88 » Wed Jun 15, 2016 11:21 am
Quote
I have spoken with an IP company and things going ok.
recently ask by them. what did I spend the debt on ? Is this a normal ? kingsgate ip
Top
 
 

kallis3

User avatar
Forum Expert
Posts: 77167
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom
Post by kallis3 » Wed Jun 15, 2016 11:47 am
Quote
Hi and welcome,

Yes, it is normal for them to ask what the money was spent on - you might have a gambling habit (not saying you have!) They will need to know about all of your debts including credit cards etc.
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
Top
 
 

Foggy

User avatar
Posts: 33396
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom
Post by Foggy » Wed Jun 15, 2016 11:50 am
Quote
Yes this is usual -- the IP will put an explanation to the creditors to support your proposal for an IVA.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Top
 
 

Shining

User avatar
Posts: 27019
Joined: Thu Sep 20, 2007 8:57 am
Location:
Post by Shining » Wed Jun 15, 2016 5:06 pm
Quote
Hi and welcome, perfectly usual and I had to write a short statement. All the best.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
Top
Post Reply
4 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”