There was a post not so long ago with a similar story, but another company I think -- apparently they were well known for chasing past, written off, debts in the hope that some people just paid up in a panic.
I am afraid that the payday loans could get the IVA failed -- how much have you borrowed ? You could ask your IP for a payment break for a few months to sort those loans --- missed payments will be added back on at the end of the IVA.
Fri Mar 22, 2019 8:33 pmlisa817 wrote:
In that case would they not adjourn and try to get them to vote for a second time?
They might do if they think they could swing the vote --- but, it might just be that the meeting chairman just hasn't got around to writing up his report, especially if your meeting was later in the day.
The vote this time will depend on who votes --- if any creditor who said yea last time doesn't bother to vote this time that could put the credit unions share up ---as it is a percentage based on those who vote, not on the total make up of the full debt.
Mis-selling is hard to prove after the fact as there are so many varying circumstances to look at. The reason you have been quotes doesn't make sense as an IVA is secured on nothing ,,, you need not have any assets to enter an IVA. However, most do so to protect assets, but it is not a reason not to.
Aperture are known for this aberrant calculation method. Initially they backed down when challenged, but have become more stubborn. If the method was embedded in the agreement then that is the method they should use. The IPA will, if they agree, slap a wrist maybe issue a fine but do not usually get...
Some firms don't even ask for an itemised breakdown, but simly offset the Attendance Allowance figure with the same under "Expenses related to [condition]", which is what the alowance has been made for, NOT for repaying creditors. Don't forget to account for any specific dietary needs, all the gubbi...