11p dividend

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kam178

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Post by kam178 » Tue Jan 12, 2021 8:01 am
Hello all,

Quick question my IP The Debt Advice Service offers 11p dividend for my debt, nearly 20k mostly to TSB and Lloyds. Is it enough to be accepted? I told them already I can pay without any issues up to 130 but they want me to stay at 100. Any thoughts?

Foggy

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Post by Foggy » Tue Jan 12, 2021 8:39 am
I have seen as low as 11p accepted before. Cutting the cloth too tight now could mean trouble later on. You have to live with this budget for 5 or 6 years.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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kam178

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Post by kam178 » Tue Jan 12, 2021 8:50 am
Tue Jan 12, 2021 8:39 amFoggy wrote:
I have seen as low as 11p accepted before. Cutting the cloth too tight now could mean trouble later on. You have to live with this budget for 5 or 6 years.
Thank you for the answer.

Got one more question, as I got a car in pcp with Toyota, my payments are included in proposed deal. According to Toyota agreement they "MAY" terminate the contact due to me going into IVA. How likely they do that, i have been with them 4 years and never missed a payment (few months ago swapped car so another 36 months left). Anyone got an experience with them?
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