Search found 25 matches

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by nicky948
Tue Apr 16, 2019 11:20 am
Forum: Ask IVA Forum and Industry experts
Topic: PPI and IP no interest
Replies: 5
Views: 506

I have sent them the paperwork to complete, they need to add their bank details so the money goes straight to my IVA. Who else can I get in contact with their to get this fully resolved? It's really bad of them all advising me the same thing plus a very brief email saying we have no interest in your...
by nicky948
Mon Apr 15, 2019 11:30 pm
Forum: Ask IVA Forum and Industry experts
Topic: PPI and IP no interest
Replies: 5
Views: 506

Hi all, I'm very confused and need your expert advice please. I'm with CF and an early settlement has been agreed, accepted and payment made. Just waiting on the completion certificate. However, the question is a company has offered ppi refund and I have called CF and they have said they have no int...
by nicky948
Sat Feb 23, 2019 7:40 am
Forum: Ask IVA Forum and Industry experts
Topic: Final offer rejected by CreditFix are trying to overturn
Replies: 21
Views: 7852

Hi Katie, wishing you good luck....this will make you laugh about CF....I got my draft paper work through for my f&f offer to the creditors but when checking it CF had made a mistake on it....on my original agreement the dividend was 17.62p/£ but looking on the draft paperwork for the creditors it w...
by nicky948
Tue Feb 12, 2019 5:33 pm
Forum: Ask IVA Forum and Industry experts
Topic: Early settlement
Replies: 16
Views: 5244

Yes it's credit fix. I emailed the variation insolvency practitioner what my final figure would be if my dad paid this off.... He came back with... I understand that you wish to make a full and final offer to close your case early. The full and final settlement amount required to close your case wo...
by nicky948
Tue Feb 12, 2019 5:31 pm
Forum: Ask IVA Forum and Industry experts
Topic: Early settlement
Replies: 16
Views: 5244

I wish you the best of luck --- I have to say that it is inusual for a firm to suggest any figure other than a full settlement. Might I ask who you are with ? Yes it's credit fix. I emailed the variation insolvency practitioner what my final figure would be if my dad paid this off.... He came back ...
by nicky948
Mon Feb 11, 2019 8:58 pm
Forum: Ask IVA Forum and Industry experts
Topic: reason why you wish to end the IVA
Replies: 12
Views: 6727

They shouldn't require anything else ( Trouble is they all vary --- mine was done on the back of a phone call -- but that was on payments made to date, so no 3rd party or funds to deal with.) Best of luck. Congratulations to you, what a massive achievement and what a hugh relief too. I have given t...
by nicky948
Mon Feb 11, 2019 7:56 pm
Forum: Ask IVA Forum and Industry experts
Topic: reason why you wish to end the IVA
Replies: 12
Views: 6727

Nicky, once they have everything the usual timescale is 21 days to draft a variation then around that to give creditors notice -- although many (most) firms ignore these and it can take anywhere between two and six months. CF have a mixed history of dealing with variations and had to actually stop ...
by nicky948
Mon Feb 11, 2019 7:02 pm
Forum: Ask IVA Forum and Industry experts
Topic: reason why you wish to end the IVA
Replies: 12
Views: 6727

I would offer £4k. Hi Lisa, I know your the expert, but I'm scared to offer low as it's bloody cheeky of me plus I don't want them to decline. Maybe that's just me. They have asked for the 3rd party to send the following (1) A photocopy of the ID/Passport or Driving License of the 3rd party offerin...
by nicky948
Mon Feb 11, 2019 6:55 pm
Forum: Ask IVA Forum and Industry experts
Topic: reason why you wish to end the IVA
Replies: 12
Views: 6727

kallis3 wrote:
Good luck!!!
Thanks kallis
by nicky948
Sat Feb 09, 2019 9:08 pm
Forum: Ask IVA Forum and Industry experts
Topic: reason why you wish to end the IVA
Replies: 12
Views: 6727

Foggy wrote:
Well -- it is a good offer in that they will be getting what they signed up for .... and ... a bird in the hand is worth two in the bush !

Best of luck.

Ha ha ha I'm really hoping so, thank you :D
by nicky948
Sat Feb 09, 2019 8:44 pm
Forum: Ask IVA Forum and Industry experts
Topic: reason why you wish to end the IVA
Replies: 12
Views: 6727

The best answer is the truth, to be honest. If you fabricate something exotic you might be asked to back it up and the whole thing can then unravel. It is perfectly acceptable to want to end early simply because you want to move on with your life, without the stresses of being in an IVA. Imapcts of...
by nicky948
Sat Feb 09, 2019 8:14 pm
Forum: Ask IVA Forum and Industry experts
Topic: IVA equity release
Replies: 8
Views: 5794

During an IVA you always owe the full original debt, plus fees and possible statutory interest and payments, along with PPI refunds and equity release will continue until that sum is met, or the IVA comes to it's contractual end. Ok, so just to clarify and sorry if I'm sounding stupid. So getting i...
by nicky948
Sat Feb 09, 2019 8:10 pm
Forum: Ask IVA Forum and Industry experts
Topic: IVA equity release
Replies: 8
Views: 5794

I entered into an iva nearly 6 years ago. we had £45k debt. We didnt have much equity (but still over the £5k mark). During that time we have made mortgage payments and house value went up so last year when doig our equity release figures we had approx £66,000. (house value minus mortgage outstandi...
by nicky948
Sat Feb 09, 2019 8:08 pm
Forum: Ask IVA Forum and Industry experts
Topic: reason why you wish to end the IVA
Replies: 12
Views: 6727

Hi all,

I keep reading that when you make an early f&f payment offer which is from a 3rd party the creditors ask why you wish to finish early.

Is this true and if so is there a best answer to give so to speak?

Thanks in advance
by nicky948
Fri Feb 08, 2019 10:31 am
Forum: Ask IVA Forum and Industry experts
Topic: F&F final settlement figure
Replies: 2
Views: 5869

Foggy wrote:
It is basically what they are expecting to get in the long run and a lump sum now will save them a bit in admin.

Ok thanks for your time :D
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