Search found 25546 matches

Search found 25546 matches Page 1 of 1704
by Foggy
Thu Apr 19, 2018 3:22 pm
Forum: Ask IVA Forum and Industry experts
Topic: Help. Companies saying I owe debt
Replies: 2
Views: 5
It is not up to you to prove you don't owe the money -- it is up to them to prove that you do! Tell your IP that you do not owe these companies and what evidence, if any, can they produce.
by Foggy
Thu Apr 19, 2018 2:47 pm
Forum: Ask IVA Forum and Industry experts
Topic: I have no idea how much I need to be asking to remortgage for
Replies: 10
Views: 397
Out of curiosity -- does your equity release clause have a £5k de minimis ?
by Foggy
Thu Apr 19, 2018 11:14 am
Forum: Ask IVA Forum and Industry experts
Topic: Beginning IVA journey, very scared!!
Replies: 18
Views: 3036
Thanks so much Allywally..like you no one else knows our situation..I’m literally trying to paste a smile on my face in work etc while hyperventilating under the surface! Especially hard while listening to a colleague talking about spending £500 on a meal out (one meal!!) for her and her hubbie at ...
by Foggy
Thu Apr 19, 2018 11:10 am
Forum: Ask IVA Forum and Industry experts
Topic: Bankruptcy and self employed
Replies: 2
Views: 89
Everyone who petitions for BR has to go through these hoops and under the microscope. I think she probably meant you might have to cease trading if you operate on credit accounts from suppliers --- everything will have to be cash transactions and some suppliers might close accounts. If you can get a...
by Foggy
Thu Apr 19, 2018 10:04 am
Forum: Ask IVA Forum and Industry experts
Topic: I am going to pay more back than I owe on my IVA - Is this right?
Replies: 5
Views: 208
Thank you for your replies.Please could explain what statutory and contractual interest is and what it actually means in direct relation to my IVA? I haven’t come across these terms before and I am unsure what it actually means for me. Thank you I am very upset with the way my IVA has progressed. I...
by Foggy
Thu Apr 19, 2018 8:35 am
Forum: Ask IVA Forum and Industry experts
Topic: Payments not made to creditors
Replies: 4
Views: 291
Mhug wrote:
Thanks for your help. I was starting to think they had jist been taking my money and not paying the creditors


Might I ask which firm you are with ?
by Foggy
Thu Apr 19, 2018 7:59 am
Forum: Ask IVA Forum and Industry experts
Topic: I am going to pay more back than I owe on my IVA - Is this right?
Replies: 5
Views: 208
During an IVA you owe the full original debt, plus fees and possiblre statutory interest .... most people never get the benefit of massive promotions and so usually pay far less than the original debt --- don't forget that you are also being forgiven contractual interest, often at a rate far higher ...
by Foggy
Thu Apr 19, 2018 6:56 am
Forum: Ask IVA Forum and Industry experts
Topic: Payments not made to creditors
Replies: 4
Views: 291
It is normal for the first payments, as agreed with the creditors, to go towards fees, then the dividend is distributed quarterly, 6 monthly or even annually after that, according, again, to what was agreed with the creditors. Payments and balances showing on the credit report will be meaningless as...
by Foggy
Wed Apr 18, 2018 6:27 pm
Forum: Ask IVA Forum and Industry experts
Topic: I have no idea how much I need to be asking to remortgage for
Replies: 10
Views: 397
You are very unlikely to get a remortgage for any amount with an IVA on your files, but you have to jump through the hoops. As for the amount, ask McCD what they have calculated. I will speak to them tomorrow to find out what they need me to do - it will no doubt say on my agreement what I need to ...
by Foggy
Wed Apr 18, 2018 6:23 pm
Forum: Ask IVA Forum and Industry experts
Topic: IVA agreement cancelled but they still took a payment out of my bank account
Replies: 3
Views: 379
I do not understand where the IVA stands .... was there a creditors meeting ? What do you mean by not completing the application on time ?
by Foggy
Wed Apr 18, 2018 5:49 pm
Forum: Ask IVA Forum and Industry experts
Topic: I have no idea how much I need to be asking to remortgage for
Replies: 10
Views: 397
You are very unlikely to get a remortgage for any amount with an IVA on your files, but you have to jump through the hoops. As for the amount, ask McCD what they have calculated.
by Foggy
Wed Apr 18, 2018 3:21 pm
Forum: Ask IVA Forum and Industry experts
Topic: Do I have to use Select Partnership
Replies: 3
Views: 409
No, they cannot force you to use their chosen firm, but can be over picky if you don't and, to be homnest, many find actually getting evidence of rejections difficult as most applications will not get as far as that, due to the IVA. To be fair, Select are a reputable company and deal with equity rel...
by Foggy
Wed Apr 18, 2018 10:06 am
Forum: Ask IVA Forum and Industry experts
Topic: Iva full and final
Replies: 3
Views: 438
Meanwhile ... in the real world ...... they are supposed to draft a variation within a couple of weeks of getting any paperwork needed from you, then give creditors a few weeks notice. The whole process should take 2 - 3 months from start to finish. I hope you included mention of reducing the lump s...
by Foggy
Wed Apr 18, 2018 7:14 am
Forum: Ask IVA Forum and Industry experts
Topic: Beginning IVA journey, very scared!!
Replies: 18
Views: 3036
Hi... I know the last reply was a while ago but I just wanted to say thank you for starting this thread...my husband and I are just about to start an IVA and a google search for similar experiences led me here. Like you, I was desperate for positive IVA stories rather than the horror ones I kept co...
by Foggy
Tue Apr 17, 2018 7:19 pm
Forum: Ask IVA Forum and Industry experts
Topic: Sell off house to pay off IVA
Replies: 3
Views: 686
It is possible, but not always the best solution. Getting back on the property ladder could be difficult (even without an IVA in your past) as can renting, going forward. If you do decide it has to be handled carefully ....if you just sell up the IVA will take all of your equity up to the amount of ...
Search found 25546 matches Page 1 of 1704