I really am stuck. Can I get a payment break?

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Phat_Mylo

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Post by Phat_Mylo » Sat May 27, 2017 10:46 am
I have hit a wall.. have paid my full payments for 2 years no issue. Now I have a serious issue. Car timing belt has went and a few other issues. I need car for work. One month payment break would completely sort me out but without it I am all sorts of not going to be able to pay bills.

Can they give me this? Will it go to creditor vote?

kallis3

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Post by kallis3 » Sat May 27, 2017 11:03 am
Hi,

Sorry to hear of your problems - you should be able to have a payment break without it going to creditors - give them a call next week.
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

Phat_Mylo

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Post by Phat_Mylo » Sat May 27, 2017 11:23 am
Thanks for getting g back :) well payment t due on Wednesday and they closed on monday. What does a payment break entail? Can they confirm it over the phone?

kallis3

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Post by kallis3 » Sat May 27, 2017 11:29 am
I am sure they can - I had one for a boiler problem. All it means is that your payment will probably be tagged onto the end unless you can make it up over a few months.
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

Phat_Mylo

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Post by Phat_Mylo » Sat May 27, 2017 12:06 pm
You have been very helpful . Thank you.. not as anxious now.. honestly money is the only worry I have in life... it's ridiculous.. there is more to life !!

kallis3

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Post by kallis3 » Sat May 27, 2017 1:52 pm
We had one - just had to provide them with a price for your repairs preferably from your garage.
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

Michael Peoples

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Post by Michael Peoples » Tue May 30, 2017 8:30 am
You can normally miss at least two payments without creditors needing to be contacted so a quick word with your IP should suffice. If your payment is made by direct debit it will have already been called but even so hopefully your IP can help.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com

Lisa Thomas

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Post by Lisa Thomas » Tue May 30, 2017 8:47 am
Speak to your IP and if in doubt check the terms in your proposals and modifications to see how many payments you can miss without breaching the IVA.
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk

kallis3

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Post by kallis3 » Tue May 30, 2017 10:43 am
How have you got on?
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
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