I doubt if any money will go to creditors. It may be that you will get your money back as the IVA was not approved although it is worth checking the small print. By the sounds of it your IVA was accepted with unsustainable mods which you rejected so the company could claim to have done it's job. Maybe I am being cynical now!
It wasn't accepted. I was told this on Friday. The £300pm increase was only their answer to my question about how much more they thought i would need to get it accepted.
Pennyless wrote:
Cath same here....was advised by Tina at Melanie Giles team that I should keep my money until the first IVA payment is due, this would ensure that I got used to being on the required budget and could afford the IVA payment.
Yes, me too, it will be going in my shiney new NS&I savings account.
I also meant that I hope the old firm won't ask me for money for their work undertaken!
7 year IVA completed in December 2016 - there is light at the end of that tunnel
If they do then borrow Elv's Macaw.......that'll change their mind!
PS: I certainly feel i have chosen the correct firm but as always time will tell. I suppose none of us really know until a couple of months into the process but from what I've read on this forum and from my own dealings to-date with them I thank my lucky stars (what few I have left) that I chose the IVA Bureau.
Last edited by Pennyless on Mon Sep 14, 2009 5:15 pm, edited 1 time in total.
I came into this world with nothing and still have most of it left!
i hope people are reading this post who are considering a iva,it shows how important it is to go with a firm that dont charge fees pre iva acceptance.in my opinion sprowston boy youve just been ripped off.lesson learnt move on to another ip mel comes highly recommended,also payplan dont charge upfront fees.good luck.
Last edited by MRBLUESKY on Mon Sep 14, 2009 9:31 pm, edited 1 time in total.
I would be very happy to help you appraise your situation, and feel that it is very ususual you have already been asked to pay three payments to your IP on account. Send me the paperwork over to have a look at if you would like.
I would definitely take Melanies offer to look at your paperwork, nothing to lose there and then make a decision of the best way to move forward for yourself. All the best in whatever you decide.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
Melanie and her team are excellent - not just when arranging and sorting the IVA proposal (in a manner acceptable for all) but also when supervising the arrangement too! Very fair and flexible to all.
when i spoke one of my creditors recently they comlimented me on my choice of firm {melanies} and also said theyve spoke to people who have been paying what they believe to be iva payments when they do not have an iva in place.
