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Search found 27079 matches Page 1 of 1806
by Foggy
Thu Oct 18, 2018 6:42 am
Forum: Ask IVA Forum and Industry experts
Topic: Shared ownership
Replies: 9
Views: 453
You do not have to take out the secured loan, but they often work out better in the long run than a remortgage at high rates. Don't forget with a remortgage, you are not just remortgaing for £45k --- you are remortgaging the whole of yours and her equity, so the whole new mortgage on the property w...
by Foggy
Thu Oct 18, 2018 6:39 am
Forum: Ask IVA Forum and Industry experts
Topic: My husband's bank account
Replies: 4
Views: 165
As already said -- his money is his own affair. They are wantimg to verify his income to caculate the fair share of household expenses between you. He is under no complulsion to co-operate, in which case they should assume a 50/50 split.
by Foggy
Thu Oct 18, 2018 6:37 am
Forum: Ask IVA Forum and Industry experts
Topic: Can I get a loan?
Replies: 2
Views: 166
Your IP might give permission, but, as Luluj says, any loan you might be offered might well be at eye watering rates and from a leg breaking lender ! I used to do high miles and survived on "Ebay Bangers" --- however, there is an element of luck with those !!
by Foggy
Thu Oct 18, 2018 6:33 am
Forum: Ask IVA Forum and Industry experts
Topic: My creditfix review is coming up soon
Replies: 2
Views: 166
As Luluj says -- his financial affairs are his own business and only of interest to help calculate the fair share of household expenses between you.
by Foggy
Wed Oct 17, 2018 6:48 pm
Forum: Ask IVA Forum and Industry experts
Topic: How can I clear my IVA?
Replies: 5
Views: 5239
So ... you have 3 years left and pay £312 per month -- is this right ? So you creditors are expecting you to pay in another £11,232 They will be looking at more if you advise the wage increases as you are supposed to do ....... Have you been telling your IP about extra income so far and paying in th...
by Foggy
Wed Oct 17, 2018 5:38 pm
Forum: Ask IVA Forum and Industry experts
Topic: Equity calculations with Aperture
Replies: 5
Views: 297
Hi Foggy Thank you fro your response. Yes the property is in joint names and only me in the iva. I also worked it out to be 3k worth of equity so under the 5k equity clause. I have asked for their calculations to be confirmed in writing. Wish me luck! I do indeed ! Please let us know how you get on...
by Foggy
Wed Oct 17, 2018 3:40 pm
Forum: Ask IVA Forum and Industry experts
Topic: Equity calculations with Aperture
Replies: 5
Views: 297
Aperture do have their own way of interpreting the clauses and calculating the equity. However I was under the impression that Select did it the generaly accepted way. The method generally used would be: Market value - £180,000 x 85% = £153,000 Less mortgage o/s of £147,000 = £6,000 equity Aperture ...
by Foggy
Wed Oct 17, 2018 1:59 pm
Forum: Ask IVA Forum and Industry experts
Topic: Change of job
Replies: 2
Views: 278
Permanent increases in income by way of a pay rise are taken into account at the annual review following the rise. 50% of any net increase in income will be added to your regular monthly payment from the month following the review --- this is assuming you have the usual clauses in this repect.
by Foggy
Wed Oct 17, 2018 1:56 pm
Forum: Complaints procedure
Topic: Creditfix
Replies: 6
Views: 4465
Hi there We have been in an IVA for almost 5 years which was mismanaged by Giva, Knightsbridge and then subsequently Creditfix who closed our account for no reason and would not respond. I am horrified and I fail to see why, when we have voluntarily entered a 'so-called' government scheme to sort o...
by Foggy
Wed Oct 17, 2018 1:51 pm
Forum: Ask IVA Forum and Industry experts
Topic: Aperture delay
Replies: 3
Views: 271
Aperture are still floundering after recent case acquisitions. I doubt they are trying to shift blame, but are just in a mess. Keep copies of all correspondence and keep pressing them.
by Foggy
Wed Oct 17, 2018 1:18 pm
Forum: Ask IVA Forum and Industry experts
Topic: No contact from IVA company
Replies: 27
Views: 866
They have actualy been in touch and have informed me that a 12 month extension is required and will start as of November. Can I please ask would the monthly extension normally be the same amount as we were paying over the 5 years does anyone know?? tia It should be the same as you were paying at th...
by Foggy
Wed Oct 17, 2018 10:47 am
Forum: Ask IVA Forum and Industry experts
Topic: IVA and student loan
Replies: 1
Views: 328
Hmmm ... it should have been disclosed at the start of the IVA and the possibility of having to repay built into the agreement. I don't know the impact this will have now and can only advise a chat with your IP.
by Foggy
Wed Oct 17, 2018 9:27 am
Forum: Ask IVA Forum and Industry experts
Topic: No contact from IVA company
Replies: 27
Views: 866
Cobby if you are in an interlocking IVA then the total joint equity could be less than £10k (5k) each for the equity clause to kick in. How much equity is there and is this based on a valuaiton? We are unable to re-mortgage anyway so surely the equity part of it doesnt come into it now?? surely it ...
by Foggy
Wed Oct 17, 2018 9:25 am
Forum: Ask IVA Forum and Industry experts
Topic: Shared ownership
Replies: 9
Views: 453
You do not have to take out the secured loan, but they often work out better in the long run than a remortgage at high rates. Don't forget with a remortgage, you are not just remortgaing for £45k --- you are remortgaging the whole of yours and her equity, so the whole new mortgage on the property wi...
by Foggy
Wed Oct 17, 2018 6:58 am
Forum: Ask IVA Forum and Industry experts
Topic: Coming off my IVA?
Replies: 3
Views: 560
It is possible to allow the IVA to fail, but it would remain on your credit files for the full 6 years. The creditors will add back lost interest and possible charges and will be able to pursue collection as they see fit. They might not wish to negotiate a repayment plan. That said they would be foo...
Search found 27079 matches Page 1 of 1806