I've noticed that people on the forum can quote what they are paying back to creditors ie 48p in the £ and I've looked through all my paperwork and can't find where this info is stated. Any ideas?
It should be in your paperwork - it is in mine. If you cannot find it then check with your IP tomorrow and they should be able to tell you.
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
Hi it should be there in your proposal. At each review I think if I remember correctly it states where you are at that moment. If you can't find it have a chat with your IP I'm sure they'll be able to let you know. x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
Lesley, I think all reviews and chairmans reports are different depending on the compapny. With our IVA we just got a report detailing payments made into the IVA, interest earned, fees charged, then the amount distributed to creditors and any left over balance. At no time were we told how much money went to each individual creditor, just the total distributed. Even on our completion report payments were not itemised.
It should form part of your proposal, where they give an estimated dividend.
I have had two reports from my handler and both simply deratil total amounts paid in and out, along with a percentage dividend paid, so you can see how you are doing.
But, yes, I guess companies do differ.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Iva's vary greatly so how much p in the £ is an impossible question to answer. If the offer is the best one available from the creditors point of view the acceptance is the norm.
Paul
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
a lot have a required minimum dividend.i have and so have a lot of other people.its usally worked out on the original payment so if you pay in any extra via overtime etc then this will increase the dividend anyway.
cc received 6th January 2014 now upwards and onwards
It's all about putting your best offer forward; speak to a few professionals for advice. Our experts are fab and there is a listing of firms with customer reviews at www.iva.com
The safest place to look for this information is in the Chairman's Report - as creditor modifications can often amend the dividend, but this should be detailed in the report. If in any doubt, give your IP a call and they will be able to point you in the right direction.
