Are you an IP ?

[sg6646]

Firstly leakyBrain your post that I quoted didn't state or even insinuate that you had not entered into an arrangement just that you had selected an IP at some point in time, so I apologise, you would only have to pay your creditors back in the event of a lottery win. Skippy, I was making a point about the fact that IVAs are a business for individuals and companies and with all sectors you may have unscrupulous people looking for every angle to exploit and forums in general are, however acute, an angle. I was giving some weight to the original post as a genuine topic of debate without it being a personal attack on the very genuine and selfless professionals that post on here, which I clearly backed up with my regard to the advice they freely give. Am I mistaken that all opinions and questions matter on this forum.

[kallis3]

You do have unscrupulous companies out there as is demonstrated on here from time to time by posters who have been frightened to death by the letters and/or calls they have received.

They are not allowed to post on here, and are got rid of as soon as one of the moderators or admins spot them. We also warn against them as well.

No way are they allowed to exploit this forum.

[Broke of London]

All opinions do matter here but we are all in difficult situations and have to accept every day the position we have gotten ourselves into and live with the consequences. Negativity and cynicism doesn't help anyone. We all agree the terms of our proposals - they aren't supposed to be easy.

The money we earn in payrises...guess what? We've already pledged it to the creditors when we spent their money...now we have to pay up.

[sg6646]

I wasn't absolving anyone of not meeting the contractual agreements with their creditors or the morality of borrowing beyond someones means or being cynical, just objective to the original point! I am extremely thankful that there is a mechanism so that I can manage my debts and see some light at the end of the tunnel. I am just in favour of rigourous debate and I feel all sides have to be argued regardless of their palatability. I have not intended any slur individuals or this forum

[Broke of London]

But the OP is questioning the IVA terms and implicitly suggesting that IPs are only in it for the money. They are highly qualified professionals and charge accordingly...you wouldn't expect a lawyer to act for free. And if you don't like the terms, chose DMP or BR. We chose IVA; no one forces us into it for their own profit!

[sg6646]

What are you paying your IP with then! Fond wishes, hugs and kisses. None of us would do whatever we do without getting paid , so we are all in it for the money! And rightly so, we all deserve skill related pay. I don't want to fall out with the community I think the iva.co.uk one is great and does an extreme amount of good so I will end my thoughts on this topic. Take care everyone.

[kallis3]

We do all get paid, and I expect to pay my IP to work with my creditors on my behalf.

However, the professionals do give up their spare time, sometimes at ungodly hours, in order to help us on here. It may generate some business for them but they will never suggest an inappropriate solution and the enquirier is left to make their own decisions.

We're all passionate about helping others on here, the vast majority of whom are in the unfortunate position of being in debt and not being able to cope with it.

[stewpots]

All opinions do matter here but we are all in difficult situations and have to accept every day the position we have gotten ourselves into and live with the consequences. Negativity and cynicism doesn't help anyone. We all agree the terms of our proposals - they aren't supposed to be easy.

The money we earn in payrises...guess what? We've already pledged it to the creditors when we spent their money...now we have to pay up.

Are you an IP or debt collector ?

This is the kind of comment I don’t understand

I had very large debts and need to deal with them no problem

However I don’t look at myself as some worthy low life that has to carry a chain around my kneck for the next 5 years or has to go without a new fridge.

If my sister offered to pay for a holiday for me to got o Tahiti do you think I would tell my IP ?


Had MBNA not chosen to ignore 4 letter and 8 phones calls to reduce the 23% APR on £26,000 of debt (small part of my debt) would my situation now be different?

They did finally agree to come down to 22% APR

A week before my IVA they were going to accept £8,000 one off payment

Should I feel ‘privilege’ that I was forced into an IVA , I don’t know maybe I still have a lot of anger over the whole thing.

[kallis3]

Broke of London is in an IVA the same as you and I, and I do happen to agree with her.

Nobody is saying that you are a low life - non of us are. We have to deal with our debts and our IVAs and if we have things breakdown then we have to sort it, even if it means a payment break. We loaned the money, we are trying our hardest to pay it back.

As regards holidays, if someone pays for a holiday for you - great! My daughter paid for us last year and I know Lesley's MIL is paying for her this year.

Nobody forced you to go for an IVA.

[Skippy]

I agree with BOL, when we sign our proposal we know what we are signing.

No one is saying you should look at yourself as a low life, and if your sister pays for you to go on holiday you don't need to tell your IP unless it will impact on your IVA payments.

OK, you're angry about being in an IVA, but I think you need to take a step back, think it's only for 5/6 years and deal with it. If you can't, maybe it wasn't the right solution for you.

[kallis3]

My thoughts exactly!

[rayb]

I agree with Skippy and Kallis3. I was in an IVA for just over 3 years and was lucky that my Parents lent me the money to F & F. It is a hard journey no doubt about it but we all borrowed the money with the intention of paying it back and things happen that obviously blow that intent out of the water.

As said if you are that angry about it then maybe you should of taken a different route and you did sign up to the IVA in the first place

[stewpots]

I agree with Skippy and Kallis3. I was in an IVA for just over 3 years and was lucky that my Parents lent me the money to F & F. It is a hard journey no doubt about it but we all borrowed the money with the intention of paying it back and things happen that obviously blow that intent out of the water.

As said if you are that angry about it then maybe you should of taken a different route and you did sign up to the IVA in the first place

I was at the National insolvency awards last night and saw the 'other side' I didn't like.

Perhaps your right

[kallis3]

Why were you there stewpots? The vast majority of us didn't know anything about them and what didn't you like?

I'm sure our experts would be interested to know.

[MelanieGiles]

What a shame you did not come over and shake my hand or say hello. We would have loved to meet you.