Having opened a basic account with co-op, I have sent all available IVA information to Cleardebt and am keeping fingers crossed. Just received a valuation for the house and it is now worth £25K less tham I paid 2 years ago, so heaps of negative equity now.
A quick question - My car insurance is renewed annually on a 12 month direct debit and there is a small charge for the associated credit in spreading the payments...
I have never thought of this before but is this (extension of credit facility to the person paying) acceptable in an IVA?
I also have a bill from Natwest stockbrokers who want me to pay £130 interest on my now redundant trading account - should I try and pay it or must they be added to the creditors list?
I can't imagine anyone mucking their financial life up quite as effectively as I've managed it.
every debt needs added to your iva as for the debt were all in the same boat mine was a mess but you are getting in control by seeking advice and you will soon be debt free and a fresh start
You should be ok with the car insurance. Most of them put a little charge on these days.
You should notify your IP about the £130.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
If you want to contact me offline, SL, I will confirm with you whether we have received your info and how far along your case is, and I will also get your case worker to address your concerns with you directly. You can find my details on the left, but as the others have said I don't think there will be any real issues here.
Regards.
Cert DR
23+ years in debt advice
I do not post for anyone other than myself
