www.iva.co.uk

hi all an update my ip called after my creditors meeting day and i got accepted for my iva, some clauses, ie, if i get overtime at work, then 50% must go in the pot, if i miss 3 payments it will become a default, if i win the lottery or get a windfall, ( i wish ) then i must tell, i should now be feeling great as in five years i will be debt free, but why dont i ?? i feel that i will be spyed on having to watch everything i do, thinking the creditors will try to get a default so they get all their money back, becouse i went for an iva, i feel the creditors scan the computers to see if i am defaulting, is this a normal feeling or am i just being silly, am i the only one who felt like this, your advise to me on this forum in the past really helped and i thank you all, what is your advise now, tell me and i will respect it.

WELL DONE !!!
I told you that all would be well and agreed.
All your clauses are standard and are nothing to worry about.
Five years from now Ray and you will be laughing.
Just get into a strict routine,pay your IVA as a priority,send in your payslips as requested and send 50% of your overtime /bonus straight to your IP.
Yes it WILL be tough at times but then again if it was easy then half of the population would be in an IVA.
Keep posting and once again WELL DONE,you,ve made my day !
Regards
Ps By the way your creditors will not be checking on you,they leave it all to the IP......The secret Ray is to keep them happy.

great news, keep to the agreement and be debt free in five years, free and clear, keep that objective in mind.

Excellent news, and congratulations, you are now on the path to "debt freedom”
Your goal was having a fresh start and being in control if your budget. You are now in charge of your financial situation. By developing a plan and sticking to it, you will easily be able to accomplish your goal.

For many financial planners, they recommend keeping a diary and a list of your finances. Before you can begin living the life you deserve you have to figure out how you want to live it. Knowing yourself (wants, needs, and desires) is your first step to creating the life you have always wanted.

It is normal to have mixed feelings but look at the bright side. You will be debt free in 5 years.

All the best,


For more information about IVAs, please visit my website:
www.supersonicsquirrel.net

CONGRATULATIONS RAY!!

It’s so great to hear stories of IVA success through this forum, well done.

Just remember your creditors knew full well that once they agreed to your IVA (which is legally binding) they would not get back the entire amount of money they lent you.

This is unless of course you have equity in a property that you have organised to release or also like you said winning the lottery etc.

Hope this information is of use

Regards. IVA Experts

yes i was accepted as well what happens now???? also has anyone had any problems with first direct as im getting hassle but they are not allowed to do this now does anyone know if they have an office in birmingham???

HI

I AM REALLY PLEASED FOR BOTH OF YOU

LILY

thanks its just a big releif but one of my creditors first direct it just doesnt seem that they are aware of the situation they are thretening to take me to court and send debt collectors round in this case it seems that my ip has made a cock up and wrote to the wrong people what can happen as now my iva has finally been accepted surely they cant pursue me for the debt can they???

sometimes it takes one deptartment of a bank to catch up with the other.

I would contact your isp asap and get them to contact First Direct.

this mistake shouldnt affect my iva should it?? as i dont think first direct have offices in birmingham i always thought they were based in leeds my ip should have known this i just hope hes not blown it for me i sent my statements from first direct when i first applied and he done the rest now they are thretening me???

Hello Gaborkiraly

As Dominic says sometimes it takes a little time for a creditors records to be updated correctly after you have had your IVA accepted so I wouldn't worry too much about this. Contact your IP and ask them to resolve the situation asap.




You can access Video Clips giving additional information about IVAs at:
http://www.thomascharles.com/interview_ ... an_iva.asp

If you would like more information about IVAs, other debt solutions, or just want to arrange an informal chat, please visit us at www.thomascharles.com.

Best Regards
Oliver
www.thomascharles.com

ok thanks but say if my ip has sent the proposal to the wrong address will this affect my iva??? i.e first direct

i just been on the iva register and mine is already set with the courts on the 17/10 how quick is that???

If your IVA has been approved by the courts it is legally binding on all your Creditors!





You can access Video Clips giving additional information about IVAs at:
http://www.thomascharles.com/interview_ ... an_iva.asp

If you would like more information about IVAs, other debt solutions, or just want to arrange an informal chat, please visit us at www.thomascharles.com.

Best Regards
Oliver
www.thomascharles.com

what even if first direct are not aware which they should be my ip said he contacted all my creditors on the 15/09 so he must off had some communication with first direct anyway ive sent the letter i had from first direct to my ip and asked him to contact first direct also ive wrote to first direct to tell them to contact my ip and to stop haressing me from now on???