Search found 26256 matches

Search found 26256 matches Page 1 of 1751
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: 5939
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: 1
Views: 46
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: 2
Views: 55
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: 87
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: 105
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: 113
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: 731
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: 5939
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: 5939
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...
by Foggy
Sun Jul 15, 2018 2:06 pm
Forum: Ask IVA Forum and Industry experts
Topic: End of IVA
Replies: 1
Views: 360
Hi i was in IVA with Debt Free Direct. Last payment was in Feb 2018 with Aperture. Ive called and emailed numerous times to ask about closure. To date ive had no response just that they will close ASAP.........but this is taking too long and i just want to get on with my life debt free........any i...
by Foggy
Sun Jul 15, 2018 11:57 am
Forum: Ask IVA Forum and Industry experts
Topic: Drum roll.....
Replies: 16
Views: 731
hi sorry to be a party pooper,id wait until your off the insolvency register[3 months] i tried to change my basic natwest account to a normal one and got knocked back all my credit files are ok ,thats the only reason i can think of for the refusal peersie Something amiss there, Peersie. If you are ...
by Foggy
Sat Jul 14, 2018 6:48 pm
Forum: Ask IVA Forum and Industry experts
Topic: Drum roll.....
Replies: 16
Views: 731
I just wondered the best way to go about things now? Will applying for a normal bank account with CO-OP affect my credit rating? Does the badic account flag anything? I am not sure whether now my report is clear I am sensible in trying to get a car on PCP ? I banked with the co-op, using a cashmind...
by Foggy
Sat Jul 14, 2018 4:51 pm
Forum: Ask IVA Forum and Industry experts
Topic: Drum roll.....
Replies: 16
Views: 731
Fingers (and everything else) firmly crossed !!
by Foggy
Fri Jul 13, 2018 8:18 pm
Forum: Ask IVA Forum and Industry experts
Topic: Credit fix? How long until they sort paperwork out?
Replies: 8
Views: 1521
I just sorted out my application form with Creditfix over the phone today - haven't received a confirmation email yet or anything to sign though - they told me to call them when I have my new bank account set up so they can sort out the Direct Debit. Can I jump ship at this stage? Reading increasin...
by Foggy
Fri Jul 13, 2018 6:07 pm
Forum: Ask IVA Forum and Industry experts
Topic: How can Creditfix justify the additional £11,000 just because we want to settle
Replies: 16
Views: 1180
If you sell the house they will take an amount to cover the full original debt, plus fees and statutory interest (around £27.5k) less the £6k already paid, so around £21.5 k. This is pretty much standard practice. There is, however, a possible work around. If you do not NEED to sell the house, you ...
Search found 26256 matches Page 1 of 1751