Search found 27072 matches

Search found 27072 matches Page 1 of 1805
by Foggy
Wed Oct 17, 2018 1:59 pm
Forum: Ask IVA Forum and Industry experts
Topic: Change of job
Replies: 2
Views: 33
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: 2
Views: 23
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: 26
Views: 640
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: 104
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: 26
Views: 640
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: 6
Views: 232
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: 331
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...
by Foggy
Wed Oct 17, 2018 6:52 am
Forum: Ask IVA Forum and Industry experts
Topic: Shared ownership
Replies: 6
Views: 232
Topics merged as essentially the same question.
by Foggy
Wed Oct 17, 2018 6:48 am
Forum: Ask IVA Forum and Industry experts
Topic: Shared ownership
Replies: 6
Views: 232
About £45k -- enough to trigger teh release clause. However, it is possible that A2Dominion will have a condition to their ownership that you are not allowed to remortgage so the 12 month extension would have to be applied.
by Foggy
Tue Oct 16, 2018 8:30 pm
Forum: Ask IVA Forum and Industry experts
Topic: Overtime being added to my net pay?
Replies: 6
Views: 399
Do not agree to this .... this will mean that your IVA payment will increase, even in the months that you don't earn any overtime ! Hi , I haven't agreed to anything as yet but the advisor said he was doing my income and expenditure list which he said its his job to do that . He also said he will s...
by Foggy
Tue Oct 16, 2018 4:51 pm
Forum: Ask IVA Forum and Industry experts
Topic: Overtime being added to my net pay?
Replies: 6
Views: 399
Do not agree to this .... this will mean that your IVA payment will increase, even in the months that you don't earn any overtime !
by Foggy
Tue Oct 16, 2018 4:01 pm
Forum: bonus, overtime, pay rises and windfalls
Topic: If I clear my debt how will it affect my partners IVA
Replies: 1
Views: 332
As long as you are not with Payplan your income and changes in your expenditure will no longer be of any concern to your partner's IP. Most firms only use the solvent partner's I&E to calculate their fair share of expenses at the start. As regards the expenses you have omitted you will probably ...
by Foggy
Tue Oct 16, 2018 2:48 pm
Forum: Ask IVA Forum and Industry experts
Topic: Default notice received before IVA meeting of creditors
Replies: 5
Views: 410
Thanks I have emailed it over. They are actually my smallest debtor £700 and I made a min payment this month so I haven't yet missed a payment. I guess it's all part of the process I'm just super nervous about the whole think. Thanks for your help A default is lodged when the relationship between d...
by Foggy
Tue Oct 16, 2018 1:18 pm
Forum: Ask IVA Forum and Industry experts
Topic: Default notice received before IVA meeting of creditors
Replies: 5
Views: 410
Pass this to your IP who will deal with it for you.
Search found 27072 matches Page 1 of 1805