Creditors meeting today

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tasha394

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Post by tasha394 » Thu Apr 23, 2020 3:40 pm
Hello new to this.. so me and my partner have so many debts we thought we would be able to manage and it soon got out of hand. We have never missed a payment but we have had literally no money, we get paid on 16th by the 23rd we literally have £3 left.

We have decided to go with Creditfix and it’s our creditors meeting today and I’m so nervous I feel sick and can’t stop thinking about it I feel we will get rejected I’m so scared. Our creditors are:

Capital One £153 - partner
Lending Stream £411 - me
Natwest Loan £22,320 - joint
NatWest Overdraft - me
NatWest Loan £8,746 - partner
PayPal Credit £995 - me
Vanquis £3,835 - partner

We are offering £314pm they said that’s 38.40p/£.

So you think we will get accepted? Think it all depends on Natwest as they are the biggest creditors.

Foggy

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Post by Foggy » Thu Apr 23, 2020 3:46 pm
If Natwest vote -- it will all be down to them, as you suggest. 38p is a good dividend, but could be better if CF reduced their fees --- which is currently a bone of contention between them and some creditors.

Best of luck.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk

kallis3

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Post by kallis3 » Thu Apr 23, 2020 4:09 pm
Fingers crossed that it has all gone ok.
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

tasha394

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Post by tasha394 » Thu Apr 23, 2020 4:15 pm
Thank you I hope they say yes as I’ve still not heard anything been the longest day ever !!! I’m praying it goes through xx

Foggy

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Post by Foggy » Thu Apr 23, 2020 4:41 pm
CF are one of those firms that need to be constantly chased to get any information out of.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk

tasha394

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Post by tasha394 » Thu Apr 23, 2020 4:57 pm
I’ve just rang them and they said my meeting has been adjourned until Monday because Capital One have requested modifications so not sure what’s happening right now and they wouldn’t tell me if NatWest said yes I literally just got told to wait until Monday. It’s so hard waiting to hear I feel so sick and anxious.

Foggy

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Post by Foggy » Thu Apr 23, 2020 5:00 pm
With the debt owed to Capital One, they must have been one of the few that voted to have modifications considered ! I would take anything CF say on the matter with a pinch of salt !
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk

luluj

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Post by luluj » Thu Apr 23, 2020 5:46 pm
It's hard not knowing but hopefully come Monday it will be signed off and you will be on your road to debt freedom
Sharing from experiences of dealing with debt

There is a solution for everyone .... Just need to stay positive !

Look at my blog "All I wanted was a baby"

tasha394

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Post by tasha394 » Thu Apr 23, 2020 6:13 pm
Thank you everyone for your support it’s nice to see. Hopefully it’ll go through will wait and see

kallis3

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Post by kallis3 » Thu Apr 23, 2020 7:06 pm
I have everything crossed!
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

tasha394

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Post by tasha394 » Tue Apr 28, 2020 9:03 am
Just rang Creditfix and they are still waiting on hearing back from some Creditors and they’ll ring me in next few days with the outcome. I am a nervous wreck !!

kallis3

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Post by kallis3 » Tue Apr 28, 2020 9:38 am
Well I hope it is positive. It's bad they are keepng you in the dark.
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

tasha394

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Post by tasha394 » Tue Apr 28, 2020 10:57 am
It doesn’t sound too good I’m not feeling hopeful at all.

Foggy

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Post by Foggy » Tue Apr 28, 2020 11:33 am
CF always have these issues, but normally work around them --- often it is centered around disputes with their fees ( they charge more tham most and creditors do not like it).
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk
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