Search found 1234 matches

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Search found 1234 matches Page 1 of 83
by MerlinL14
Tue Apr 17, 2018 5:55 pm
Forum: Ask IVA Forum and Industry experts
Topic: I am being asked to inflate expenses. Is this rIght
Replies: 5
Views: 946
I think this is appalling! You have given up any hope of clearing your debts other than taking a course of action that will leave you pretty tight for 5 years so you can pay back as much as possible to your creditors. Not withstanding who's fault it was and I am sure some lenders are as much to blam...
by MerlinL14
Tue Apr 17, 2018 8:29 am
Forum: Ask IVA Forum and Industry experts
Topic: How to manage my new pay rise
Replies: 3
Views: 988
I had a substantial pay increase in year 2 of my IVA when I started a new job. The increase was over £400 a month so not a small sum. I made the call to GT in the resolute belief that I would loose the lot come my next payment. Seems I was a bit premature in my negative belief, I spoke to a well man...
by MerlinL14
Mon Apr 16, 2018 11:19 am
Forum: Ask IVA Forum and Industry experts
Topic: Would an IVA help me
Replies: 3
Views: 1186
Anything has got to be better than the stress of constant debt and 'the letters'. I would have a word with a few IVA companies and see what their response is to your level of debt. Don't be forced into anything and don't sign anything until you are 100% satisfied that an IVA with a specific company ...
by MerlinL14
Fri Apr 06, 2018 8:06 pm
Forum: Ask IVA Forum and Industry experts
Topic: New to iva anyone with hanover insolvency?
Replies: 7
Views: 3992
You will not get to decide how much you pay per month. You will be required to fill out an Income and Expenditure, this will determine what is left as disposable income and this is the ball park figure your IP will work from. Do not be pressured into signing anything, this route is going to rule you...
by MerlinL14
Wed Apr 04, 2018 12:50 pm
Forum: Ask IVA Forum and Industry experts
Topic: Credit score after IVA
Replies: 5
Views: 4554
Even once all your defaults and IVA have dropped off your records, it will still be poor. As the report will pretty much be blank other than mobile phone contract and gas and lekkie there is nothing else to report on, so that will keep it low. Just keeping your nose clean will eventually get your sc...
by MerlinL14
Tue Apr 03, 2018 4:38 pm
Forum: Ask IVA Forum and Industry experts
Topic: Should the account have gone overdrawn if ex is in an IVA
Replies: 4
Views: 4606
I think it is more likely you failed the credit check due to having a financial link to her as she is an IVA rather than just the bank account being £6 overdrawn.
by MerlinL14
Sun Apr 01, 2018 12:21 pm
Forum: Ask IVA Forum and Industry experts
Topic: I’m considering an IVA with either Freeman Jones or McCambridge Duffy
Replies: 13
Views: 4980
Thanks so much for your quick replies. I rent privately so don’t have a mortgage to worry about. I do have a HP car agreement which I’m hoping can continue if this was to go ahead. The HP agreement is secured lending on the car, so you will have to put this to whichever company you decide to go wit...
by MerlinL14
Sun Apr 01, 2018 12:17 pm
Forum: Ask IVA Forum and Industry experts
Topic: Can I pay my iva off early?
Replies: 7
Views: 4831
Yes you can. Calculate the months left X monthly payment, drop a few grand and make an offer to your IP. They can put this to your creditors and they in turn will vote yes or no. Having the few grand in reserve over the 'total' figure will give you some wriggle room and at base save you this amount ...
by MerlinL14
Thu Mar 29, 2018 5:56 pm
Forum: Ask IVA Forum and Industry experts
Topic: I have been told to raise a complaint about Richard Savage. Can a creditor set off debt post IVA and keep my money?
Replies: 3
Views: 5468
If that company received 35p in the £ then sods law says so did all of your creditors. Your ex creditor knows what they are doing is not within the letter of the IVA contract and are asking you to make a complaint against your IP because they didn't get 100p in the £ as a dividend, maybe they think ...
by MerlinL14
Thu Mar 29, 2018 12:55 pm
Forum: Ask IVA Forum and Industry experts
Topic: Change of job at the exact moment of IVA
Replies: 12
Views: 5258
Thanks for reply guys. IVA has been approved but they want to extend to 6 years. Bit disappointed :( I have a few questions before I accept: 1. If IVA runs for 7 years, will it be on my credit report for full 7 years? The IVA will be, but your debts should fall off after 6 2. If I want to move hous...
by MerlinL14
Thu Mar 29, 2018 12:49 pm
Forum: Ask IVA Forum and Industry experts
Topic: Should I use pension or loan from family for full & final IVA offer?
Replies: 5
Views: 5317
Personally I wouldn't even mention my pension as once they know you can draw down on it it could be seen as an asset and taken to improve the dividend to creditors, Mum's the word! How long have you left to complete your IVA? A F&F proposal could take 6-10 months to be put in stone as no one see...
by MerlinL14
Mon Mar 26, 2018 5:23 pm
Forum: Ask IVA Forum and Industry experts
Topic: Annoyed
Replies: 10
Views: 4853
Hi recovering, I had the same dilemma. I got everything off my reports and waited a few months and thought my rating would go up, it went down. I think it was because I just didn't have any records on my report so there were no positives to show. Now it is excellent with near top scoring points. I a...
by MerlinL14
Mon Mar 26, 2018 5:17 pm
Forum: Ask IVA Forum and Industry experts
Topic: In IVA since 5 months, payment taken only for 2 months! what do i do?
Replies: 3
Views: 5022
Is your IVA company one who has been taken over and the DD has not been transferred over? I take it you still have the deficient payments? You can contact your IVA company and pay these over the phone, I think 3 missed payments is when an IP would consider termination, so I would be on the phone fir...
by MerlinL14
Mon Mar 26, 2018 1:29 pm
Forum: Ask IVA Forum and Industry experts
Topic: Worried sick
Replies: 6
Views: 4965
It may just be a case of one department not informing another department, you did say "on the same day" so it may just need a week or 2 for everyone to get on the same page. Once you have started the conversation trail it does tent to block any immediate action of recovery but not necessar...
by MerlinL14
Thu Mar 22, 2018 7:10 pm
Forum: Ask IVA Forum and Industry experts
Topic: Do I need to inform Aperture about PPI cheque??
Replies: 4
Views: 4678
andrea457 wrote:
Thanks Foggy, I’ll ring Aperture tomorrow.

That is going to sting! But not as much as being found out 6 months down the line, after you have spent it. Every PPI check I received and reported to my IP was a horrible experience.
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Search found 1234 matches Page 1 of 83