Kindly note we have received an additional claim from Hoist for £1,988.56 debt was previously with Barclaycard.
To add the debt in your creditor list we will have to convene a creditor meeting.
To compensate this change your case might need an extension of less than 12 months at your usual contribution, please advise if you are fine with it so that I may proceed.
....... Above debt with Barclaycard was included in my agreement and previously it was about 1250£. I am really not happy. My partner will go mad if I tell him they want to extend our iva. Maybe anyone could help, please? Thank you
If I am right the "extra debt" is, in fact £738 -- which I doubt needs a creditors meeting to get rolled in.
Francesca wrote:Thats the way I see it Foggy, but how can my debt grown after joining IVA??
Debts do often "grow" slightly: We give the figures, usually, from the last statement we have to hand when we start the IVA process and, by the time the IVA has been accepted there is often up to 3 months interest and possible late payment charges to add. However, they are often within the allowed tolerance (usually 10% of the originally declared debt).
I have seen before instances where a debt has been sold on and the IP has added this as a new debt in error, alongside the old debt, when they are, in reality, one and the same --- make sure they are not doing this here.
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