It means they have had the paperwork for your meeting and have closed the account down so you cannot access it anymore.
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
Fri Jul 10, 2020 12:59 pmLahoretiger wrote:
What does that mean ? When they shut it down?
It means they have been made aware of the coming IVA and are preparing for it. The closed account means that you cannot borrow any more money and they will not issue reminders for payment ( though that sometimes takes a while to filter through the system.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Fri Jul 10, 2020 3:52 pmLahoretiger wrote:
Rest still open
Not important or worth worrying about. Some will close now, some maybe months later, some will stay open. Different creditors deal with defaulted accounts in different ways, and none of this need worry you.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Agree - don't worry about it. Not long to go now and there is nothing else you can do.
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
I spoke to cab today they advised me iva is a product that companies sell
To you so the chances of refusal are very low as these agencies not all are funded by banks
Mon Jul 13, 2020 5:03 pmLahoretiger wrote:
I spoke to cab today they advised me iva is a product that companies sell
To you so the chances of refusal are very low as these agencies not all are funded by banks
Most are not funded by banks, however Stepchange and Payplan are, at least in part. The IVA itself is not a 'product'. What the firms are selling are their services in arranging and supervising a government sanctioned debt solution.
I am guessing what CAB meant was that the firms do not put forward proposals they think will be rejcted, because, by the time the creditors meeting has happened, they have put a lot of work into the proposal and they do not get paid for it until the IVA is accepted.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Mon Jul 13, 2020 5:32 pmLahoretiger wrote:
Ok txs how do these ips now what propsals to put fwd
Experience tells them the chances. As for the terms -- they are set my the legislation. And the figures depend on the debtors situation. But, at the end of the day, it is basically down to how the creditors vote.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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
I said b4 one of the creditors loan i had accidenly clicked homeowner on an undsecured debt can they not say this is fraudlent debt have paid back 4k of 20k so far
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
