I'm with Payplan, and they never said anything of the sort to me. It is better anyway to speak to the organ grinder rather than rely on Justabank.
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
i will contact payplan asap after the xmas hols with all the info you have provided, bearing in mind i still owe approx £29000, £200 per month is the absolute max i can afford, does an iva seem possible. i have not missed one single payment in the 6 yrs i have been with payplan.
From the limited information you have provided, it is possible that an IVA might be an option for you, and I will be very interested to see what Payplan have to say when you ask them why this has not been an option for you in the past.
You can but ask them. I would also ring a couple of others as well, such as Melanie, you don't have to do an IVA with the same company.
Let us know what they say.
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 melanie, when i contacted payplan about an iva, they did say it was possible, provided i paid off my debt to hsbc,as hsbc would not agree to an iva, until i pointed out to them i was on benefits and now regd disabled, they then informed me an iva was not possible due to this. all this was dealt with via my case officer
Give Melanie a ring - her team will be able to advise you further. It is a load of rubbish that HSBC won't accept them and your case officer should know that.
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
I would recommend speaking to Melanie as it sounds as though you are getting very bad advice. I can't believe they said that you had to pay your HSBC debts - surely that's preferring a creditor?!?
Good luck, and please let us know how you get on x
It is Skip, and I can't believe Payplan have done that. It must have been someone who hadn't got a clue what they were on about. I think I would want to speak to someone higher up there to ask what on earth was going on.
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
it,s all true i,m afraid, my case officer also pointed out to me that some of my other creditors were joining HSBC and refusing to accept IVA,s. payplan are back jan 2nd, i have e-mailed them asking if it would be possible to set up a non protocol IVA, i will post the outcome. thank you all for your help so far
HSBC are not refusing IVA's - they sometimes have a benchmark of 40p in the pound, but not always. My IVA is protocol compliant, and as I said, they didn't even vote and they were my biggest creditor.
Who are the other creditors sleigh? I'm sure Melanie and the other IP's on here would be interested to know.
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
Visit www.iva.com to see a selection of IP's. HSBC will be supportive of your suggested IVA - cannot understand why the Payplan guy has got it wrong. I'll get the boss of Payplan to look into your case. Good luck and let us know how you get on.
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
i contacted payplan again, asking if it was possible to set up a non protocol IVA, this is my case officers and personal finance manager,s response, "Hi Christopher,
Thank you for your e-mail.
As we have mentioned before, because IVAs are legally binding plans, unfortunately people who are on benefits are not eligible for IVAs. These are not rules that were established by us and we have to follow them."
That is just not true. Whilst I cannot guarantee that your creditors will accept an IVA, there is absolutely nothing stopping you proposing one - subject to you taking proper professional advice as to this and other options.
Give Melanie Giles office a ring - if anyone can sort you out, she can.
She will certainly advise you if it's the best way forward.
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
