Search found 26262 matches

Search found 26262 matches Page 1 of 1751
by Foggy
Mon Jul 16, 2018 6:31 pm
Forum: Ask IVA Forum and Industry experts
Topic: credit report nearly right now apart from....
Replies: 1
Views: 36
I would take it up with both at the same time.
by Foggy
Mon Jul 16, 2018 5:51 pm
Forum: Ask IVA Forum and Industry experts
Topic: Should I pay my Council Tax debt
Replies: 3
Views: 168
My council tax was ring fenced as a utility same as Gas, Lekkie and Water, as I was not in arrears nothing changed through the whole 60 months of the IVA. So was mine, Merlin, but a recent court case has changed all that. As the full council tax is due and payable at the beginning of April each yea...
by Foggy
Mon Jul 16, 2018 4:03 pm
Forum: Ask IVA Forum and Industry experts
Topic: credit report
Replies: 4
Views: 168
mumof3 wrote:
Thank you. So it's ok coming up as defaulted every month. I will check to make sure everything goes back to the correct date.


Have a read here: https://www.iva.co.uk/what-does-an-iva- ... dit-record
by Foggy
Mon Jul 16, 2018 3:27 pm
Forum: Ask IVA Forum and Industry experts
Topic: Compensation
Replies: 2
Views: 99
Most (but not all) IP's follow the procedure used in bankruptcy. Compensation for pain and suffering is allowed to be retained whilst compensation for loss of earnings is not. IP's not following this will treat the whole claim as a windfall and take all of it if the payout exceeds £500. If the compe...
by Foggy
Mon Jul 16, 2018 2:57 pm
Forum: Ask IVA Forum and Industry experts
Topic: Iva living budgets
Replies: 6
Views: 4878
ketton79 wrote:
Foggy wrote:
Food shopping per week guideline figures are £170 (£222 max) for a single adult. £287 (£354 max) for a couple and £71 (£86 Max) for each child.


Surely this is per month isn't it?


Sorry -- yes --- per month ! :oops:
by Foggy
Mon Jul 16, 2018 12:59 pm
Forum: Ask IVA Forum and Industry experts
Topic: Why was PPI money paid to IP
Replies: 5
Views: 167
PPI belongs to the IVA and will be used to distribute to former creditors as well as to cover fees. Although you have paid back the principal loans an IVA allows for statutory interest to also be paid, in the event debts are repaid in full. If there is any surlus it would be returned to you in due c...
by Foggy
Mon Jul 16, 2018 12:05 pm
Forum: Ask IVA Forum and Industry experts
Topic: Another year on my IVA??
Replies: 7
Views: 5952
Thank you for your replies. They told me at aperture that contacting the creditors with a settlement figure could take up to 4 months before I would get a reply on whether they accept the offer, would it be acceptable to add that the payments would be reduced over the time it takes the creditors to...
by Foggy
Mon Jul 16, 2018 11:15 am
Forum: Ask IVA Forum and Industry experts
Topic: Nearly there! Couple of questions
Replies: 3
Views: 181
Payplan always advise you to seek legal advice -- it is them watching their own backs and proving "best advice".

The reason for a witness is that the document is a "deed" and is designed to last in perpetuity (forever) .. in law a "deed" needs to be witnessed.
by Foggy
Mon Jul 16, 2018 10:04 am
Forum: Ask IVA Forum and Industry experts
Topic: credit report
Replies: 4
Views: 168
Hi, On my credit report should my accounts show as defaulted on every month during an IVA? Just I thought if it took 6 years for defaults to fall off your credit report then surely it can't show as default all the way through the IVA. Thanks for any info. The account will be defaulted once and the ...
by Foggy
Mon Jul 16, 2018 9:36 am
Forum: Ask IVA Forum and Industry experts
Topic: When will I make my first IVA payment
Replies: 2
Views: 186
How after my IVA is approved will may first payment go out (I am using Vanguard Insovency) Some firms like to have the first payment in hand so that, if the proposal is accepted, payments can start right away. Most firms will just want the first payment within 28 days of the meeting, allowing you t...
by Foggy
Mon Jul 16, 2018 9:14 am
Forum: Ask IVA Forum and Industry experts
Topic: Will we have paid off our debt in 3 years
Replies: 1
Views: 208
During an IVA you always owe the full original debt, plus fees and possible statutory interest. The fees come out first!

How much was your full original debt ?
by Foggy
Mon Jul 16, 2018 9:12 am
Forum: Ask IVA Forum and Industry experts
Topic: Have been told I need to release equity
Replies: 1
Views: 220
How much equity do you think you have ?

Although you have paid the original debt in your eyes, the fees come out first. so some of the debt, as well as possible stautory interest is still outstanding.
by Foggy
Sun Jul 15, 2018 7:55 pm
Forum: Ask IVA Forum and Industry experts
Topic: Drum roll.....
Replies: 16
Views: 827
thats great recovering,all my credit files are clear foggy with great scores ,definetly nothing under court info,ive been checking them regular after end of iva.cant think of anything else for refusual can you foggy.ta peersie Have you checked all three agencies ? And have you checked for Notices o...
by Foggy
Sun Jul 15, 2018 5:13 pm
Forum: Ask IVA Forum and Industry experts
Topic: Another year on my IVA??
Replies: 7
Views: 5952
I would add that I consider extending the IVA for equity release reasons at the start and then to also rely on a further extension in lieu of equity release to be questionable practice.
by Foggy
Sun Jul 15, 2018 5:11 pm
Forum: Ask IVA Forum and Industry experts
Topic: Another year on my IVA??
Replies: 7
Views: 5952
If the IVA were to go to term and the 12 month extension was appiled ( which it looks like it would ) the creditors stand to get around £6k more fom you. Considering that you would be knocking almost three years off the term you wold be saving them a lump in admin costs. I would think that £4.5 k wo...
Search found 26262 matches Page 1 of 1751