I know, and this is what Michael and Andy said too. I've always tried to put money aside for car repairs and emergencies etc (although its not always very successful!) I just feel less and less like a client/customer and more like someone who's done something wrong and should be ashamed
I do have a little sympathy with the view of not accepting forums views as being relevant, after all how could we possibly know the full details of every case that has a post on here.
Having said that, intimating that a debtor cannot put any money aside in a savings account is just plain wrong in my view. Saving a tenner on the weeks shopping and putting it aside to cover a time where you might need it is clearly prudent. According to the logic seemingly applied here, spending it down the pub/bookies is the more preferable route as you are not allowed to save money. Crazy.
Regards.
Cert DR
23+ years in debt advice
I do not post for anyone other than myself
Nowhere within your IVA proposal that was accepted by your credits would it state that you can't save money, even if only a basic savings account is allowed.
I would go back and challenge this as the only possible claim would be on the money earned from any interest [this would be pence]
reading this with interest as we have always saved our contingency moneys each month. Its bought car parts, washers, even a tv when our old one blew up. Dentist and prescriptions and school expenses all come out of the money we were given as allowances which was then saved.
As has been said, there is no way you spend the car maintenance every month, nor do you get new glasses every month or go to the dentist. it all has to be saved for the day its needed.
Linking this with the post I have read about the sharesave person, means they expect us to live hand to mouth every day without any thought to our future and how to pay for the things that are not an every day expense.
Perhaps CF have got new staff in to deal with the huge increase in their clients (transfers) and the new staff haven't a clue. Sorry if that sounds harsh, but the evidence does seem to point that way.
I agree bereaved. The reply was from Greg, so I will seek clarification from him and let you know what he says. I find it hard to believe that we can't put our monthly allowance aside for car repairs etc.
Well I have challenged back, stating that we need to pay for car repairs, dentist etc annually, but the response remains the same. A savings account is classed as an asset, and would be investigated.
Lou74 - if they are taking that view, did they explain what they expect you to do with the allowances that aren't spent every month?
Is it acceptable to leave the money in your usual bank account but not move it into a savings account?
It does make me question whether some caseworkers have much experience of 'real life'!
Lou74 - if they are taking that view, did they explain what they expect you to do with the allowances that aren't spent every month?
Basically they said to put it under the mattress! Not sure what would happen if you just left it in your account though. I just don't understand this policy at all.
This is ridiculous what they are saying for example we have oil central heating and there is a minimum amount You can order at one point it was costing us £600 every 3 or so months we had to make sure this money was in the bank, are they purely talking about savings accounts or any surplus left in our currents accounts? We earn shift allowance and bonus most months and pay are 50% over its not their concern what we do with the rest. I've just sent my review off I&e and bank statements we both sat and had a discussion about considering failing and going bankrupt can not even believe we are talking like this but don't think I can stand 3 years feeling like this. [:(!]
Inter-locking IVA approved 25th Feb 2013 - F&F offer Accepted 06th July 2017 - Completion Certificate received 20th July 2017
OMG ive only just read this thread! CF are saying we cant have a savings account?? Mel encouraged us to have a savings account and put away what we could for when car needs sorting or oven needs replacing! Surely iva is meant to encourage better budgetting and avoid future need of credit....if we dont get in the habit now of saving towards something the iva will never succeed. Im getting more and more narked off with CF and their statements. They seem intent on failing everyone. "Same morales, same views as PJG, IVA will continue as originally intended" Yeah right!!!!
Have it out with Susan (you need to basically draw her out and get an official response)
Then fire it all back into the insolvency service complains gateway (it appears to be broken at the moment (for sanity in the 3 bits where it wants a laod of information, copy it into notepad or something so you don't lose it)
The more complaints they have the more they will lean on her.
In the mean time i've been looking into EU law (remember they are NOT a UK firm, they are based in Eire , so their laws apply, and so do EU laws)
