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Posted: Sun Jan 08, 2012 9:04 pm
by moneypenny
Hi failed IVA with simple debt solutions in 2010, will this be on credit ref for 6yrs. Is ther such thing as a free credit history site.
Posted: Sun Jan 08, 2012 9:07 pm
by kallis3
Hi moneypenny,
Sorry that your IVA failed. Unfortunately it will remain on your record for six years from aceptance. There is no such thing as a free credit history site.
Why did your IVA fail? Can you propose another one?
Posted: Sun Jan 08, 2012 9:17 pm
by moneypenny
Hi Kallis, I havnt posted here since 2010, we couldnt manage the IVA, so wrote to them telling them we were going to fail. In 18months paid in over £3000 but none went to creditors.
£3164.53 paid in, plus upfront fees.
Bank Charges 22.75
Bond 46.00
Disbursments 80.39
Dividend 811.27
Legal fees 56.00
Nominees fee 1900.00
Rgeistration of IVA 30.00
Supervisor fee 218.12 Total £3164.53
we are now with Debt solutions south west, we payy £100 a month. Just trying to get our credit history at the moment, as my husband couldnt get a contract phone.
We are also splitting up, mutual parting though.
Posted: Sun Jan 08, 2012 9:22 pm
by plasticdaft
What are you doing about the debts now moneypenny?
Paul
Posted: Sun Jan 08, 2012 9:24 pm
by kallis3
Unfortunately the first payments you make will go to your IP company.
As Paul asks - what are you going to do now?
Posted: Sun Jan 08, 2012 9:28 pm
by moneypenny
we are with debt solutions south west and pay £100 per month.
Posted: Sun Jan 08, 2012 9:32 pm
by kallis3
What are you doing now moneypenny? Are you in a DMP? Have you thought of bankruptcy?
Posted: Sun Jan 08, 2012 9:48 pm
by plasticdaft
Is that a dmp? How much is going on fees and is all the interest frozen or are the debt getting bigger??
Paul
Posted: Sun Jan 08, 2012 9:59 pm
by moneypenny
the fees were £600 the interest is frozen, and thats for both of us. We just pay £100 between us. Some of the debt has been written off, and some have been negotiated for a smaller sum.
Posted: Sun Jan 08, 2012 10:10 pm
by plasticdaft
so does your £100 a month ALL go to reducing the debts,I would imagine the company would take a fee per month to run things?
Paul
Posted: Sun Jan 08, 2012 11:14 pm
by moneypenny
15% off of any debts written off and reduced sums. There are no other charges.
Posted: Mon Jan 09, 2012 8:16 am
by kallis3
With your credit record, it will cost you £2 to get a copy from each of the agencies or you could sign up to the free 30 day trial from Experian if you have a debit card and then cancel afterwards.
There is this one:
http://www.annualcreditreport.co.uk/
It is very basic though and if you want to look at things in detail you would have to pay.
Posted: Tue Jan 10, 2012 9:22 am
by artemischild
You can get free reports from Noddle via Callcredit one of the 3 mail CRA's, just search Noddle on the internet
best wishes
Drew