I would rather not say who they are at this time sorry
They are really on top of me apparently they have sent serous breech letters in the post advising me to seek legal advice which I can't afford
I wish I never brought a car now and just carried on saving I wouldn't be in this mess
I am going to attempt to discus it tomorrow with them again as I have told them by letter that as soon as I get my settlement I will discuss paying some of to my IVA
If you have paid over the required amount of extra earnings & made savings from your share then you haven't done anything wrong in buying a car.
I don't have experience of other companies but if you are with Payplan you should stand your ground & fight this, some caseworkers don't seem to understand the way things work.
Last edited by dancer on Sun May 17, 2015 10:04 pm, edited 1 time in total.
Your savings are yours to keep provided you complied with the conditions of the IVA. If you have paid over the correct amount to the IVA and saved your share then your IP has no claim on this money.
The vehicle theft is also not a windfall and the insurance money should be used to buy a replacement. I am confused as to why your IP is even involved so perhaps you should get some independent legal advice. If you cannot afford this go to the CAB who may know solicitors who would act for free and also reserve your rights to complain to the regulators.
You should demand a face to face meeting with your IP and ask for a full file review. Put this in writing to them and hopefully it gets resolved. It sounds totally wrong.
I have always done what my IVA has asked completed annual reviews and even had to increase my payments as I earnt extra on my salary
I have always paid never missed an installment
The problem is ever since my car was stolen and reported and I told the insurance company I was in an IVA they seemed to think that I had the car stolen myself to pay my debts which was clearly not the case
The insurance ombudsman has dealt with it and gone in my favor and instructed them to pay by the end of the month
They then took it on themselves to make contact with my IVA to basically try and stop me having my savings and now they want it paid to the IVA
Sounds very long winded I know but I can't understand why my insutance company have done this
Thank you for your kind advise
Can you clarify - who wants you to pay it towards the IVA?
The insurance company or your IP?
If it's your IP I'd do as Michael said and demand a face-to-face meeting with your IP for an explanation.
If you had sold your car you would keep that money - it's not a windfall because the car would've been a declared asset at the start... check that it's in your paperwork.
We insure our cars so if they are wrecked or stolen we get replacements. To pay it to the IVA is completely wrong.
Either your IP is totally out of order (which needs to be brought to the attention of his regulatory body) or you have been speaking to an over zealous and under trained case officer ( which also warrants complaint).
Demand to speak to the IP. There is one firm on here who write the most bullish letters but are actually very easy and helpful when you actually speak to them.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
I am terrified with all this legal action and now they have been told that the settlement is coming to me without fail they are now drafting letters for to sign all over to them
I have never felt so terrible
Hopefully I can get it sorted this week
