PAYDAY LOANS

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Shining

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Post by Shining » Tue Aug 31, 2010 7:44 pm
Good luck for the 21st your return appears to be a good one and as Jan says your IP must be confident to put the proposal forward. Let us know how it goes won't you x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
 
 

MelanieGiles

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Post by MelanieGiles » Tue Aug 31, 2010 11:28 pm
It is likely that the gym membership will not be allowed if it is being included on top of the usual social, hobbies and entertainments allowance. Creditors tend to see this sort of thing as unecessary expenditure, unless it is required for medical reasons and even then it can be a battle to get accepted. Some creditors are more amenable to things like this than others, so I would await the outcome but expect your payments to be increased.
Regards, Melanie Giles, Insolvency Practitioner
 
 

JMW1969

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Post by JMW1969 » Tue Aug 31, 2010 11:30 pm
could it be added as a creditor?
 
 

MelanieGiles

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Post by MelanieGiles » Tue Aug 31, 2010 11:31 pm
Absolutely
Regards, Melanie Giles, Insolvency Practitioner
 
 

JMW1969

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Post by JMW1969 » Tue Aug 31, 2010 11:32 pm
oh god i didnt know and proposal has gone out= with this and the pension problem i dont know what to do?
 
 

MelanieGiles

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Post by MelanieGiles » Tue Aug 31, 2010 11:38 pm
The gym membership can be easily added in as a creditor at the creditors meeting by way of a simple modification to include the debt, but your IP will need to make the gym aware of this as they are currently a creditor regardless of whether you intend to pay them or not.
Regards, Melanie Giles, Insolvency Practitioner
 
 

JMW1969

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Post by JMW1969 » Tue Aug 31, 2010 11:40 pm
it seemed to slip through on expenditure although I have emailedliz about it earlier tonight.
Thanks Melanie
 
 

Adam Davies

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Post by Adam Davies » Wed Sep 01, 2010 8:34 am
Hi
Payday loan companies will usually hold a very small percentage of the persons overall debt so will have little impact on the outcome of the IVA regardless of how they vote, and if they vote at all
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Andam Davies
 
 

dw1983

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Post by dw1983 » Wed Sep 01, 2010 8:43 am
Hi good luck for your creditors meeting I had Wonga in my iva and they didn't bother to vote
Iva completed
 
 

JMW1969

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Post by JMW1969 » Wed Sep 01, 2010 2:15 pm
thanks we have a wonga loan each my partners is 1100 but they already add interest upto about 700!
 
 

kallis3

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Post by kallis3 » Wed Sep 01, 2010 2:49 pm
Ouch!
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
 
 

Loopy Linda

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Post by Loopy Linda » Fri Sep 03, 2010 3:19 pm
54p is more than I offered. The tiddlers didn't vote and even one of my large credit cards at £11,000 did vote either. Crazy!I hope you get your 75%. I know exactly how you feel. I'm 8 months in now. It's not easy have no credit at all and no overdraft but better to pay one person than 11!! Good luck JMW1969.
Last edited by Loopy Linda on Fri Sep 03, 2010 3:27 pm, edited 1 time in total.
Loopy
 
 

JMW1969

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Post by JMW1969 » Fri Sep 03, 2010 9:52 pm
Had a letter from wonga today- the total now from a loan of 1100 is now £2435 . unbelievable madness- roll on 21 sept to iron it all out-i hope . thanks for all support x
 
 

JMW1969

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Post by JMW1969 » Fri Sep 03, 2010 9:53 pm
obviously not paid since end of may so interest of 1300 in 3 months!
 
 

kallis3

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Post by kallis3 » Sat Sep 04, 2010 8:28 am
Unfortunately for them they probably won't be getting that!

I think the rate of interest they charge is disgraceful.
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
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