www.iva.co.uk

what sort of criteria do they have for iva?

anyone with any experience

lloyds TSB were hubby's largest creditor 3 years ago with around £32K in total and they accepted 28p/£ then later sold on the debts to max recovery who accepted 25p/£ as full and final settlement.

mrs skint

They are fine so long as you do not owe them 75% of the total debts, as at the moment they are rejecting on the basis that a DMP is better for them.

Also if you are a homeowner and your secured lending exceeds more that 40% of your income - they veiw this as excessive unless there is a very good reason for the size of the payment(s)

Carl

i owed them 10k and they didnt even vote

Hi
James,check your emails,your my blog of the month winner for January
Well done

Congratulations James!

Congratulations from me too!

Well done James.

Ang

I owed Lloyds TSB 13,250,out of a total debt of 16,500, they did not vote, this was October 2007, maybe their policies have changed recently?

I am finding that Lloyds dont vote unless they have more than 25% vote.

But they are best offer creditor so they normally accept (providing the total debt is no more than 75% in total and you are not spending more than 40% of your income on secured lending)

LLoyds TSB are a right pain in the preverbial but if the debt gets charged off to BLS [wholly owned by LTSB] they usually will accept anything reasonable interest free !

I had £32,000.00 owing to lloyds in way of unsecured loan and credit cards and they had over 75% of my debt and they didn't even vote, my hubby also had £15,000.00 on a credit card and they did not vote on his either this was in December 2007

Hi Andy

Thank you, for blog of the month.

Havent got your e-mail yer, but will look out for it.

Regards