www.iva.co.uk

Hi

Our variation meeting date is 24th June and I am feeling really anxious about it. I am so worried that after 5 years things are going to go wrong. We have put forward a proposal to accept payments to date following a reduction in my wages.We are with Grant Thornton and let them know to claim for PPI. We had a telephone call fro EIC in April asking about our various accounts and they said tey would claim on our behalf. Grant Thornton know about this so will ask the creditors to go ahead withe the closure before the PPI claims have been concluded. It mentions in our variation report about PPI claims and taking up to 6 mon ths to close our case.

Also, our cars are both 12 years and we are desperate to replace one of them. Do we still have to get permission from our IP to get a new car until we have received our completion certificate.

Are we allowed to apply for a credit card before we get the completion certificate if our f & f settlement is agreed.

I am sure that GT would not put this offer forward if they did not feel it had a good chance of acceptance, so keep the faith and let them deal with negotiating with the creditors.

Once your offer has been accepted - presumably in full and final settlement of all of your obligations under the IVA, then you will no longer need to seek your IP's permission for anything.

Does that mean in a few months time we would be able to think of getting another car, even if we have not received the completion certificate.

Our cars are both so old and each have around 140,000 miles on the clock. I really think they will struggle to get through another MOT.

Are we able to apply for say a vanquis credit card just to try and build our credit score up.

What does it mean by meeting all the obligations of the iva. Our payments were up to date until they were suspended to put forward the f & f proposal. We have had some ppi back already and this was included in the iva. Our iva was to be extended for another year due to the equity release clause and our 6 years would have been up June 2014. We have authorised EIC to claim back any further ppi.

I don't see why not - but these are questions which are better posed to your own IP. Confirming that you have complied with all of your obligations, means that there is nothing left for you to do under the IVA - regardless of whether your IP can close the case or not.

everhopeful2011,

If you are expecting creditors to believe you have no surplus income after payment of essential living expenses each month, where is the money coming from for your new car(s)? Not to mention increased insurance premiums. And similarly, how will you repay a new credit card debt?

I'm especially puzzled at the latter query... surely you have been counting down every month of your IVA to reach a "debt-free future", not get back into it at the earliest possible opportunity?

It would appear that our friend Crusader for Justice has a bit of a problem with people in IVA's. I've just read the latest 3 posts and they all have very negative comments on. I think maybe one of the moderators should look into this?

yes there is a pattern with crusader for justice's posts.not many posts actually up but everyone against the idea of iva's.not very helpful either way

If CoJ makes any points worthy of constructive comment, fair enough. But, in the meantime, I have found that if you stop catching the ball, eventually the thrower will give up.