just a quick query am in interlocking iva with hubby when asking about full and final with drawdown of my pension tax free lump sum how do i word it that it is full and final for both our ivas from my pension drawdown i know i will say wont be drawn unless used as full and final just wondered how to word it that it is to settle both iva which are interlocking and we pay 1 payments pere month ty
Last edited by linrog on Wed Aug 26, 2015 4:25 pm, edited 1 time in total.
full final paid over 29/2/16 cc arrived 12/4/16 its all over
You have effectively written the answer. Just advise the IP that the drawdown would be to clear both IVAs as they are interlocking. I don't really see a problem and best of luck with the meetings.
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
hi well I put forward an enquiry to what information I must give to ip to request a fulland finaloffer due to draw down of pension tax free lump sump which would be available feb 16 once I reach 55 I have been told to contact ip firm in January as I'm only allowed 30 days to get funds together I thought there was no time limit as it may take longer than 30 days to draw down funds as I would need to wait for ok off creditors or would not draw down so was trying to get the ballmoving now any avise gladly received
full final paid over 29/2/16 cc arrived 12/4/16 its all over
Given the issues linked to pension companies on what you propose you would need confirmation from the IP that if you withdrew it that they would not take it under any circumstances - even if the f&f was not accepted.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
If you were offering third party funds then 30 days is reasonable for the funds to be introduced but this is not what you are offering. You need sacntion from creditors to proceed with what you are proposing and until this happens you will maintain the payments.
People put forward variations all the time asking to sell houses, draw down pensions etc and to say the funds have to be in within 30 days would be an impossibility. Either the person you spoke to did not understand what you were talking about or they were just making excuses for not calling a variation.
just spoken to customer service manager she has been brilliant and expalained the whole process so can start getting paper work together now yeahhhh heres hoping
full final paid over 29/2/16 cc arrived 12/4/16 its all over
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