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ANNED
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by ANNED » Fri Sep 29, 2017 7:32 am
hey all just got the email i was dreading my iva has been rejected im so annoyed and dont know what to do now. Amigo turned it down cause my friend wasnt making the payments and very also turned it down cause there was a recent purchase im at my wits end now cause i havent been paying these debts so there nearl all in arrears now i will never be able to catch up :( :( :(
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sheraz.butt
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by sheraz.butt » Fri Sep 29, 2017 8:00 am
Sorry to hear that. It's not the best feeling in the world when you have had yoir hopes set on the IVA.

It doesn't mean you can't do anything else as there are other options which I would suggest to look into. DMP is an informal arrangement where the debt is paid at an affordable rate until cleared with interest and charges negotiated to be frozen.

Bankruptcy is also a solution available so I wouldn't settle with the failed IVA as your only way out.

Hope you get things sorted soon.
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kallis3
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by kallis3 » Fri Sep 29, 2017 8:06 am
So sorry Anne - as Sheraz said - there will be a solution out there for you. Speak to one or two more companies and seek advice.
ANNED
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by ANNED » Fri Sep 29, 2017 8:16 am
I don't know what to do as I am behind now in all my payments so I will never been able to catch up it's just all a mess.
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Foggy
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by Foggy » Fri Sep 29, 2017 8:16 am
Sorry to hear this --- I would also suggest a DMP, at least for the time being, while you regroup and look at your options. Stepchange might be worth a chat with as DMP's are "their thing".
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Keith White
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by Keith White » Fri Sep 29, 2017 8:41 am
The first step is to get the debts under control Some kind of payment plan can be set up for the time being. An IVA may be a possibility in the future, but there is definitely help available now.
ANNED
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by ANNED » Fri Sep 29, 2017 9:14 am
Thanks guys but today i just feel like there's no way out. I will never be able to pay bk what I missed and catch up on the next payments I'm totally lost. Just don't know what to do
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Foggy
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by Foggy » Fri Sep 29, 2017 9:23 am
ANNED wrote:
Thanks guys but today i just feel like there's no way out. I will never be able to pay bk what I missed and catch up on the next payments I'm totally lost. Just don't know what to do



Don't fret about catching up or paying back what you have missed. Talk to someone about a DMP to give yourself some space.
ANNED
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by ANNED » Fri Sep 29, 2017 9:40 am
Foggy wrote:
ANNED wrote:
Thanks guys but today i just feel like there's no way out. I will never be able to pay bk what I missed and catch up on the next payments I'm totally lost. Just don't know what to do



Don't fret about catching up or paying back what you have missed. Talk to someone about a DMP to give yourself some space.


Yes but do they accept a dmp if u have a lot of debt mines is about 30k all in ??
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Foggy
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by Foggy » Fri Sep 29, 2017 9:42 am
ANNED wrote:
Foggy wrote:
ANNED wrote:
Thanks guys but today i just feel like there's no way out. I will never be able to pay bk what I missed and catch up on the next payments I'm totally lost. Just don't know what to do



Don't fret about catching up or paying back what you have missed. Talk to someone about a DMP to give yourself some space.


Yes but do they accept a dmp if u have a lot of debt mines is about 30k all in ??


As shocking as it might seem, £30k is a modest level of debt in this day and age.
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kallis3
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by kallis3 » Fri Sep 29, 2017 9:56 am
We started a DMP with £80k debt and then did an IVA.
ANNED
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by ANNED » Fri Sep 29, 2017 11:03 am
I put all my details online in stepchange and it has came up to recommend bankruptcy but I really don't want to do that as I want to protect my house and car ???
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Michael Peoples
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by Michael Peoples » Fri Sep 29, 2017 11:04 am
A DMP sounds appropriate at this time and in a few months when the dust has settled you could propose another IVA. This is actually a lot more common that you might think and we regularly propose IVAs from debtors who have existing DMPs.
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Foggy
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by Foggy » Fri Sep 29, 2017 11:16 am
ANNED wrote:
I put all my details online in stepchange and it has came up to recommend bankruptcy but I really don't want to do that as I want to protect my house and car ???


Online calculators are only a guide and are often way off the mark as they cannot take into account all of a persons circumstances ... you need to have a chat.
ANNED
Posts: 87
by ANNED » Fri Sep 29, 2017 11:34 am
Michael Peoples wrote:
A DMP sounds appropriate at this time and in a few months when the dust has settled you could propose another IVA. This is actually a lot more common that you might think and we regularly propose IVAs from debtors who have existing DMPs.


Ok so how do I do this ?? I really need to get something sorted quickly
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