www.iva.co.uk

I am considering an IVA but a bit concerned as my main creditor id Natwest with overdarafts of approx. 4200 and loan balance of approx. 9500 - has anybody had this bank as a creditor and were there any problems

My husband had 3 debts with Natwest ( 1.loan for £23500 2. credit card for £3000 and an overdraft for £300) Natwest voted on these debts but they wanted an increase in iva payment of £30 which we agreed to.They voted yes and his iva was approved.

Providing they dont have more than 75% of your total debt thenNatwest are very good and understanding about IVA's - they have recently removed there minimum dividend rates of 25p in the £ and now accept best offer.

Providing you are making a sensible offer and your I&E are both acceptable and justified then you wont have a problem.

Thanks - i tink that is my main worry as they have been a good bank

CarlmcMullen,In my hubbys case they did have more than 75 % of his total debt.

Do all debts have to be given to an advisor when enquiring about an IVA as i have few extrenely small ones which i could pay in full over the next couple of months

Hi there and welcome . Yes even the small debts. Paying these could be seen as preferential treatment.

Ang

I had some small debts too but i had to include everything in my iva proposal.

Different point.

Carl, looked at your profile and noticed you worked for W3.

Did you ever work with Nicola?

My husband had two credit cards with nat west totalling £21,000 which was 34% of his total debt and they voted in favour at 31p in £.
He had been with them for over 20yrs.

Thanks - much better chatting to people who know abou this as websites don't give too much info - am expecting a phone call tomorrow to discuss so better get prepeared

size5 wrote:

Different point.

Carl, looked at your profile and noticed you worked for W3.

Did you ever work with Nicola?

I never worked for W3

Good Luck.

Thank You

Worked with two Nicolas whilst there

One still works there, and one moved on to the CAB