Just wanted to give you all an update and get this off my chest!
Sent all our paper work back in Feb, all seemed to be going well but a lot of our debt is with NR who are being difficult.
They want us to change to an interest only mortgage and they then say we can afford to pay the debt therefore will not need an iva. Its so frustrating. We will only be saving about £80-90 per month and our debts are so much that on a dmp we would be paying for 16 years. I'm not trying to get out of any debts which is why we wanted to go down iva route but we seem to be at a crossroads.
At mo we're waiting for interest only forms to come, we fill them in then apparently they make a decision whether we can convert to interest only and what kind of amount of endowment policy they want. I know this is a hurdle and we'll get through it all somehow but it feels like you take 2 steps forward and 10 back.
Anyways congrats to those whose IVA's were accepted today, this forum is so supportive and non-judgemental. I wish I found you months ago!
Sorry to hear it's not going great at the moment Frankey.
I wish I could say something to make you feel better but trust in your ip and I'm sure they'll be working hard to get things sorted for you.
Wishing you all the best
Defintely sounds like you need to talk to another IP to give you a second opinion.
Try ringing Melanie Giles or David Mond (Cleardebt). Both will give you good advice and are working for you. Some IP's seem to be working for themselves.
"It's better to be in control on a small budget than to be out of control on a large budget."
You need to have a chat with an IP and give him/her details of all your personal and financial circumstances and particulars.
Visit www.iva.com for reviews on firms and practitioners and select one or two to have a chat with.
They will give you the most appropriate advice and it is free.
Last edited by David Mond on Tue Apr 21, 2009 5:58 am, edited 1 time in total.
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.
This feels like its been going on forever. Just had a couple of bad days with creditors calling, even at work. I've taken to not answering the phone now. Is it ok to get advice from another IP? We haven't signed a proposal yet but all our paperwork is with them.
Hi, I dont really understand what or why Northern Rock are looking at this.
Have you had a talk with your case officer who is dealing with your case regarding this?
If you have, or would like to have a chat with myself, please call the office tomorrow and request to speak to me, so that we can see what is happening and try to resolve the issue.
Frankey - have you spoken to Kazz or your case officer on this matter?
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.
