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Posted: Mon Nov 15, 2010 12:03 pm
by ashnatlucy
Just had my IVA approved today, Payplan have been great in reassuring us, between us we had £65000 of debt mostly RBS and AA finance and several credit cards, we are paying back 71p in pound, process has been so smooth, hopes this info helps some else, look forward to being part of the community.
Posted: Mon Nov 15, 2010 12:04 pm
by liamjames
Congratulations, and welcome to the forums!
Posted: Mon Nov 15, 2010 12:11 pm
by kallis3
Congratulations from me as well - I'm with Payplan and had no problems so far with them.
Keep posting to let us know how things are going.
Posted: Mon Nov 15, 2010 2:54 pm
by nepensioner
Congratulatons
Its a great feeling isn't it. Do stay in touch and let us know how you get on.
Posted: Mon Nov 15, 2010 3:41 pm
by icap9912
Hi Welcome aboard!
Im a newbie myself, just started the process, got my first discussion with my IP tomorrow, we owe about 53K and have been advised we can pay back about 70p in the pound.
How long did it take from 1st discussion to approval?
Thanks
C
ashnatlucy wrote:
Just had my IVA approved today, Payplan have been great in reassuring us, between us we had £65000 of debt mostly RBS and AA finance and several credit cards, we are paying back 71p in pound, process has been so smooth, hopes this info helps some else, look forward to being part of the community.
Posted: Mon Nov 15, 2010 4:07 pm
by Imhotep
Congratulations!
Good return for your creditors as well.
Posted: Mon Nov 15, 2010 4:10 pm
by dw1983
Congraulations
Posted: Mon Nov 15, 2010 4:18 pm
by fruitloop
Congratulations! Ours was approved last wednesday and we still haven't come back down to earth. All the best for the future.
Posted: Mon Nov 15, 2010 4:41 pm
by Adam Davies
Hi
Congratulations, that is a very good dividend and if you pay in a share of any bonus and overtime during the five years you will increase that dividend even more.
Do you have an equity release clause within your IVA ?
Regards
Posted: Mon Nov 15, 2010 6:52 pm
by ashnatlucy
Hi Andy we do have an equity release clause, at the moment we are near negative equity due to house prices reducing (did have about £30,000 equity at one time) so there has to be more than £10'000 to remotgage I can see us paying for up to 6 years but we dont mind.
Posted: Mon Nov 15, 2010 6:56 pm
by ashnatlucy
Hi, it was about 6 weeks from start to finish, send back any paper work as soon as you can, good luck with your application.
Posted: Mon Nov 15, 2010 6:58 pm
by ashnatlucy
in all it was about 6 weeks, return the paper work ASAP.
Posted: Mon Nov 15, 2010 8:24 pm
by icap9912
Thanks
ashnatlucy wrote:
Hi, it was about 6 weeks from start to finish, send back any paper work as soon as you can, good luck with your application.