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.
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.
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.
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
Regards
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
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.
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
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
