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by Foggy
Sun Aug 18, 2019 10:56 am
Forum: Ask IVA Forum and Industry experts
Topic: Car needed
Replies: 1
Views: 21

Even if the IP agrees you then have to find a lender who will finance the vehicle with the IVA on your credit record --- not an easy thing to do at affordable rates and from reputable lenders. Many of us have had to fall back on payment breaks to allow the payments to go towards Ebay bangers.The pay...
by Foggy
Sun Aug 18, 2019 9:43 am
Forum: Ask IVA Forum and Industry experts
Topic: Joint mortgage account
Replies: 1
Views: 57

As a joint account, it will be assumed that half of the money is yours.What sort of amount are we talking about ? Moving assets just before declaring insolvency is not looked upon favourably and could amount to fraud. In bankruptcy this would be looked at and reversed if required. How far an IP in a...
by Foggy
Sun Aug 18, 2019 9:37 am
Forum: Ask IVA Forum and Industry experts
Topic: Mortgage advice
Replies: 3
Views: 38

That credit history is not always going to be the problem you think it might be. There are some sympathtic lenders out there. I would, however, advise chatting to a broker with experience of adverse credit as refused applications will add their own, more recent, stain to credit records. We have two ...
by Foggy
Sun Aug 18, 2019 9:32 am
Forum: Ask IVA Forum and Industry experts
Topic: Car on PCP
Replies: 1
Views: 62

It all, at the end of the day, depends on the finance company and whether they will allow the contract for the car to play out. That is the first hurdle --- Many do, in an IVA, alow the agreement to stand, as long as the IP and creditors accept it as an ongoing expense, which, again, many do. In BR,...
by Foggy
Sat Aug 17, 2019 6:53 pm
Forum: Ask IVA Forum and Industry experts
Topic: POST OF THE MONTH
Replies: 7
Views: 186

All ready to pop in the post :)
by Foggy
Sat Aug 17, 2019 6:17 pm
Forum: Ask IVA Forum and Industry experts
Topic: Can I cancel?
Replies: 2
Views: 113

Usually, yes, unless you have signed any terms of engagement to the contrary --- most reputable firms will allow you to pull out before the creditors meeting.

Might I ask why you have changed your mind ?
by Foggy
Sat Aug 17, 2019 6:15 pm
Forum: Ask IVA Forum and Industry experts
Topic: First Dispute Management
Replies: 6
Views: 3214

Unfortunately the courts think otherwise and have recently ruled that PPI belongs to the IVA, even after completion. However, I doubt Aperture would be able to compel you to engage with FDM at this stage.
by Foggy
Sat Aug 17, 2019 12:17 pm
Forum: Debt Management
Topic: What are the different debt management plans available in UK?
Replies: 1
Views: 70

A debt management plan (DMP) has very few limitations, apart from being realistic from both sides. Yoy can get a sirm such as Stepchange or Payplan to administer one for you, or even do it yourself. Unlike an IVA, DRO or Bankruptcy, it is very informal and either side can drop out at any time. Have ...
by Foggy
Fri Aug 16, 2019 7:20 pm
Forum: Ask IVA Forum and Industry experts
Topic: PPI after all paid up
Replies: 1
Views: 206

If the full debt was repaid ( meaning that fees and statutory interest would also have been paid) any PPI refund would be yours. On that basis I cannot see Aperture wanting to pursue a claim for something they themselves would not be benefitting from.
by Foggy
Fri Aug 16, 2019 4:22 pm
Forum: Ask IVA Forum and Industry experts
Topic: Improving credit score post IVA
Replies: 5
Views: 186

Vanquis will offer higher limits as they get to know you. I would leave it at that for now --- maybe look for a standard high street card when the IVA is completely cleared from your credit records. I took a Vanquis at, I think, £250 credit limit ( Might have been £500 -- will have to check) and the...
by Foggy
Fri Aug 16, 2019 12:47 pm
Forum: Ask IVA Forum and Industry experts
Topic: IVA Question
Replies: 1
Views: 162

The main thing they want to know is whether you have gone out in the last couple of months and borrowed a significant amount.

Credit card usage, balance transfer and the like are often used right up to the point you decide on an IVA, in an effort to keep afloat.
by Foggy
Fri Aug 16, 2019 11:40 am
Forum: Ask IVA Forum and Industry experts
Topic: POST OF THE MONTH
Replies: 7
Views: 186

In the post, Ally :-)
by Foggy
Fri Aug 16, 2019 11:34 am
Forum: insurance
Topic: IVA Referral to life insurance broker
Replies: 8
Views: 339

The beneficiary of an insurance policy will be named in the policy --- the payment will go to the beneficiary named in the policy. If the beneficiary is a wife, or child, for instance, the payout will go to them and be nothing to do with your estate. If there is no named beneficiary the payment will...
by Foggy
Fri Aug 16, 2019 10:42 am
Forum: how are you coping?
Topic: My IVA journey
Replies: 10
Views: 1267

Is this done by all of the Debt Management Companies or only a few companies will take a lot of time to approve the IVA application? The problem here is the length of time taken to close the arrangement and issue the certificate of completion. Most providers take around the same sort of time to set...
by Foggy
Fri Aug 16, 2019 10:15 am
Forum: Ask IVA Forum and Industry experts
Topic: POST OF THE MONTH
Replies: 7
Views: 186

POST OF THE MONTH Right -- confession time ..... I actually wrote out the POTM announcement for July's POTM .... in fact there were two recipient's as it was a rollover ..... BUT ... it seems I deleted it rather than posted it (old age and general decrepitude) So -- here it is again: This months rec...
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