Search found 24973 matches

Search found 24973 matches Page 1 of 1665
by Foggy
Fri Feb 23, 2018 3:56 pm
Forum: Ask IVA Forum and Industry experts
Topic: Our IVA is not going well
Replies: 8
Views: 261
In the circumstances I would think it worth at least discussing a "Full & Final offer based on payments to date". As your IP has pointed out, your creditors would not get anything much in the way of bankruptcy, so would probably not push for it --- this, of course, wouldn't stop you de...
by Foggy
Fri Feb 23, 2018 3:51 pm
Forum: Ask IVA Forum and Industry experts
Topic: How do I cancel my IVA?
Replies: 5
Views: 69
My debt is £7500 I have paid £1500 over the last year at £126 p/m but they are now asking £186 p/m. They calculated my earnings over the next year and it's above what I earn currently. I spoke to them about this but was told no change will be made. I asked for a breakdown of my payment made to cred...
by Foggy
Fri Feb 23, 2018 3:46 pm
Forum: Ask IVA Forum and Industry experts
Topic: My creditors meeting is next week
Replies: 4
Views: 3413
Phew ! Congratulations.

I imagine that your IP has been canvassing missing voters to get the right majority !
by Foggy
Fri Feb 23, 2018 3:44 pm
Forum: Ask IVA Forum and Industry experts
Topic: At Last it's All Over
Replies: 3
Views: 27
Well done, Kazza. Congratulations.

Only a scrap of paper --- but such an important one !
by Foggy
Fri Feb 23, 2018 2:20 pm
Forum: Ask IVA Forum and Industry experts
Topic: Savings account
Replies: 2
Views: 45
Many of us use savings accounts for such things, and IP's do not usually want to see statements of savings accounts once the IVA has started.
by Foggy
Fri Feb 23, 2018 2:18 pm
Forum: Ask IVA Forum and Industry experts
Topic: How do I cancel my IVA?
Replies: 5
Views: 69
It is not usually a good idea to cancel an IVA, the creditors will add back lost interest and may not co-operate with arranging payments going forward.

Might I ask what your total debt was and what your payment is now ?
by Foggy
Fri Feb 23, 2018 12:10 pm
Forum: Ask IVA Forum and Industry experts
Topic: Will my IP call after a variation meeting?
Replies: 10
Views: 111
They should call shortly -- but some are more remiss than others. It would be as well to chase them -- you have to know one way or another ... good luck.
by Foggy
Fri Feb 23, 2018 12:09 pm
Forum: Ask IVA Forum and Industry experts
Topic: Will a previous IVA affect a remortgage?
Replies: 3
Views: 103
It will depend on which lenders youi approach and their own criteria regarding past IVAs. I would suggest a chat with either Ryan or Shaun, whose details can be found in the list on this link:

memberlist.php?mode=team

They are in yellow towards the bottom of the list.
by Foggy
Fri Feb 23, 2018 11:22 am
Forum: Ask IVA Forum and Industry experts
Topic: Equity release
Replies: 7
Views: 3548
Hannah.gd wrote:
what amount of remortgage should i attempt to apply for?


I would apply for the maximum the IP has calculated .. more likely to get refused as well !
by Foggy
Fri Feb 23, 2018 11:20 am
Forum: Ask IVA Forum and Industry experts
Topic: Credit file and IVA
Replies: 10
Views: 380
Just as well, I won't be going to any lenders in the near future and I didn't have credit cards or things on credit. At least not since 1997. I was thinking more about buying things in full, which I've done for the past 22yrs. Shops will think I don't have the money to purchase there, just based on...
by Foggy
Fri Feb 23, 2018 10:30 am
Forum: Ask IVA Forum and Industry experts
Topic: Equity release
Replies: 7
Views: 3548
1. The IVA company have based their calculations on the estimate property value rather than what the property would potentially sell for, can they do this? Yes, the calculations are based on Open Market Value. It makes little difference as you are unlikely to remortgage anyway, so the extension will...
by Foggy
Fri Feb 23, 2018 10:11 am
Forum: Ask IVA Forum and Industry experts
Topic: Public Liability Insurance
Replies: 1
Views: 98
Unfortunately an IVA is an insolvency procedure, so you will have to mention this to them and it will be up to them to accept or decline. Other posters have managed PLI through Hiscox, so might be worth a call.
by Foggy
Fri Feb 23, 2018 9:27 am
Forum: Ask IVA Forum and Industry experts
Topic: Can I remove my ex from mortgage while he is on an IVA?
Replies: 1
Views: 128
Was the agreed property split by mutual arrangement or is this by court order ? If a mutual agreement then the creditors might not accept that £15,000 is a fair representation of his share of equity ( which, on paper, is a 50/50 split, unless otherwise specified in the deeds ). Also, the RX1 cannot ...
by Foggy
Fri Feb 23, 2018 7:56 am
Forum: Ask IVA Forum and Industry experts
Topic: Credit file and IVA
Replies: 10
Views: 380
I only ask, as I've looked at my credit file and it says my IVA is active. Now, anyone looking at that, would think I'm still paying money to my creditors and in a debt management plan. Not good. It doesn't make much difference as most lenders will not see past the IVA itself being there and whethe...
by Foggy
Fri Feb 23, 2018 7:54 am
Forum: Ask IVA Forum and Industry experts
Topic: Credit file and IVA
Replies: 10
Views: 380
To be honest I cannot remember if a status is mentioned on the CRA credit files, but it matters not, as the thing being there is the damage, rather than the status. On the Insolvency Register it should be labelled as completed for the three months it takes for it to disappear. How soon after your f...
Search found 24973 matches Page 1 of 1665