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Michael Peoples

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Post by Michael Peoples » Thu Mar 05, 2015 9:39 am
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Seems a big jump and hopefully your IP can get this reversed. Where are they taking the money from?
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
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El Presidio

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Post by El Presidio » Thu Mar 05, 2015 4:24 pm
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I'm just waiting on the phone to get through to them now. What are the chances of them getting that amount down. I was under the impression it was a no negotiation sort of deal?
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Foggy

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Post by Foggy » Thu Mar 05, 2015 5:48 pm
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£100 - £120 is pretty close to the bottom end of a viable payment ... a chunk will go in fees and the creditors get very little.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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luluj

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Post by luluj » Thu Mar 05, 2015 9:11 pm
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How did you get on with your IP over the phone
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"
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El Presidio

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Post by El Presidio » Fri Mar 06, 2015 8:01 am
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I think if possible I will go for the extension, I suppose if I get a pay rise in the future I can always pay it sooner!
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Slowlygoingunder

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Post by Slowlygoingunder » Fri Mar 06, 2015 11:19 pm
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Gosh that was a big hike up of payments ! You do realise that a pay rise will up the payments not make it pay off sooner ? Creditors will get more as your disposable income will be more .. Still same length of time ? Someone correct me if I'm wrong ? (Still waiting for mine to hopefully go through ! But read so much about IVA s my brain hurts ;))
IVA accepted 15 April 2015
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plasticdaft

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Post by plasticdaft » Sat Mar 07, 2015 7:50 am
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font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by El Presidio

I think if possible I will go for the extension, I suppose if I get a pay rise in the future I can always pay it sooner!
Remember that you will only pay it off sooner if you repay your debts in full!

Paul
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
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Foggy

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Post by Foggy » Sat Mar 07, 2015 10:58 am
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If you do get a pay rise you can always save your share of the extra (half will go to the IVA anyway)until you have a lump sum to offer an early settlement.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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El Presidio

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Post by El Presidio » Wed Mar 11, 2015 12:51 pm
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Well my main creditor I've found out haven't actually voted. They want to out vote the other creditors. Fingers crossed!
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