Thu Jul 16, 2020 3:45 pmmaria360 wrote:
Hi abbiesmum2003,
All credit cards are maxed. again. I try and put big amounts on them, and then i need the money again for food and insurance and just things to live. It's so disheartening. I feel so happy and positive about paying them, and then the fees come out and i need to use the money, and it's all back to square one.
I don't have an overdraft on the account that is no over-drawn. So i will now be charge a fee. But pay day is tomorrow, so i can pop the money back in. But i will get a charge for the 2 days I've been over-drawn.
Its just like one huge never ended hole of debt that gets bigger each month
I just hope i am not refused. I honestly dont know what i will do.
I remember being there, wondering which card I could pay for the two or three items at the till with, it was a horrible feeling wondering if the card would decline. In all honesty the IVA was the best thing I did, I just wish I had done it sooner rather than struggle for 14months when my marriage broke down.
Stay calm. Don't make any payments to your creditors and put that money aside for a rainy day. Any contact details on the internet then delete them. Any phone calls refuse to answer security questions and they cannot carry on.
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've just realised that my Child Benefit payment has gone to my old account (Nationwide, which is now frozen) as it hasn't reached my new account. I obviously didn't change the direct debit detail quick enough. I cant see if the payment went there, but it hasn't gone to my new account.
Also, my car had another puncture over the weekend (i'm quite good at changing tyres on the side of the road now) and so my little nest egg has gone on that. So i'm left with nothing for the week.
Is there any point in talking to the bank and asking them for the child benefit payment? I feel really hopeless
So i have a credit card with Lloyds, which is mine. And a joint current account with them with my ex. I've been asking my ex to take his name off, but we don't live near a bank, and he cant get the time away from work to go into branch and do it (our closest one is a 20 minute drive away).
Is him still being on the joint one going to effect the meeting?
Should i just take my name off? I don't know what to do. I'm having a very stressful morning.
We made token payments to all our creditors the month before the IVAs started. I think we sent them £10 each but I'm not 100% sure now.
One tip I can give you, if creditors start phoning you chasing payment just tell them you never answer security questions over the phone when people ring you, they have to write. It saves a lot of grief and worry. It also makes sense from a security point of view. Any Tom, Dick or Harry could ring you and ask your mothers maiden name, eldest child's name, favourite film etc. If you don't answer they can't then talk about the account.
Speak to Nationwide --- why is the account frozen ? Had you closed it or have they done their usual (wrong) thing and are treating it like BR ? They should release the funds to you if the latter and once they are told that freezing accounts is not the correct action in IVAs. If the account is actually closed they might bounce the payment back to DWP.
On the joint account matter, I doubt there will be an issue and it can be reasonably explained as a legacy from the old relationship. If you no longer need the account maybe it would be easier to remove yourself as a housekeeping task.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Oh thank you so much, i feel a lot better now.
I logged into my Nationwide account yesterday, and the account has been completely removed. My meeting isn't until the 28th. So i cant actually see if the payment has go to them, but it hasn't reached my new account, so I assume it has done to Nationwide.
I was worried about the joint account because when i put my case together, i was asked if i had any joint accounts, and i said no. Because we haven't been together for over a year, and neither of us actually use the account, I completely forgot about it. I was worried that they would try and do what Nationwide have done, and delete the account before the meeting, but wouldn't be able to as i'm not the only one named on it.
My meeting was today, and i was approved on the condition I seek child maintenance and give them 60% of it. I have already seeked child maintenance (of course), so seeking it again will have the same effect.
So if i don't get child maintenance, what will happen?
Ok. Thank you Foggy. That makes sense. So if (by some miracle) i got the payments, do i just call Hanover, and let them know, and they will work out the 60% and when the payments are to be made?
The exact wording i have been sent is as follows:
"The debtor must seek to obtain Child Maintenance from her ex partner. 60% of any monies being received as a result of this must be introduced into the Arrangement for the benefit of creditors."
At first i read that as - The IVA wont begin until I have the Child Maintenance payments". But now you have pointed out that i only need to SEEK to get them, maybe my thinking is wrong.
The IVA will start now with the agreed payments. You will then seek CM --- when the result is known you will then tell Hanover who might want to see copies of correspondence. If you get any CM they will simply increase your regular monthly payment by 60% of the CM.
Although they haven't specified this ( sloppily) they might want this 'seeking of CM' to be through the child support agency .... but I cannot see them enforcing that, as that is not what they have actually asked for.
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
