HSBC - Frozen Account - Mortgage DD Tomorrow?

Get expert opinion. This is the place for new questions to be posted.
35 posts Page 3 of 3
Post Reply
 
 

GilliB

User avatar
Posts: 656
Joined: Fri Mar 02, 2012 4:29 pm
Location: United Kingdom
Post by GilliB » Wed Mar 13, 2013 3:00 pm
Quote
What a relief - and a great result for your family. Well done DFD - sensible approach. x
IVA journey started: 30th March 2009. Settled: 17th July 2012. Completion Certificate received: 13th March 2013. Breathe. x
Top
 
 

luluj

User avatar
Forum Expert
Posts: 11333
Joined: Sun Dec 09, 2007 6:54 am
Location: United Kingdom
Post by luluj » Wed Mar 13, 2013 9:12 pm
Quote
Great news all round !
Sharing from experiences of dealing with debt

There is a solution for everyone .... Just need to stay positive !

Look at my blog "All I wanted was a baby"
Top
 
 

12 months to go

User avatar
Posts: 612
Joined: Sun Jun 26, 2011 10:44 am
Location: United Kingdom
Post by 12 months to go » Wed Mar 13, 2013 10:10 pm
Quote
well done

also its good to see a positive post ref DFD as hese have been sadly lackig in previous months ( i include myself in this sadly lacking comment )

greta news a sense of relief im sure
Last payment made April 2012
Certificate received 1st Nov 2012
Top
 
 

custom1

User avatar
Posts: 14
Joined: Wed Feb 27, 2013 9:33 pm
Location:
Post by custom1 » Wed Mar 13, 2013 10:23 pm
Quote
Still not 100% how it works, do DFD get a cut of the monthly payment for their Work I guess? All 5 Creditors involved agreed to the terms apparetnly?
Top
 
 

Foggy

User avatar
Posts: 33396
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom
Post by Foggy » Thu Mar 14, 2013 10:16 am
Quote
Hi Custom ... the fee structure will be detailed in the proposal ... and is more often than not amended by the creditors. Details of the final agreement will be in the Chairman's Report. You should get a copy of this soon.

It seems common practice, these days, for creditors to amend fees to 15% of realisations, plus the agreed Nominees fees. Usually the Nomineees fee is covered by the first few monthly payments.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Top
Post Reply
35 posts Page 3 of 3
Return to “Ask IVA Forum and Industry experts”