Shop Direct saying no.

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Jo.c89

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Post by Jo.c89 » Tue Feb 25, 2020 5:16 pm
Hi all first time posting! It was my creditors meeting today and out of my 5 creditors, shop direct were the only ones to respond and they’ve said no due to recent spending. I have Barclaycard, MBNA, Fluid and an Argos card. Me and my boyfriend did spend a lot on very before Christmas but this was because I was on maternity leave and we were living with my mum at the time so we could afford the repayments. Last month things happened and we suddenly had to move out so the reason for the Iva. I’m worried sick it’s going to get rejected and not to sound dramatic but we wouldn’t be able to survive, especially with paying for a one year old to go to nursery. Can anyone give me a glimmer of hope that everyone else may accept?

kallis3

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Post by kallis3 » Tue Feb 25, 2020 5:21 pm
Did everyone else accept?
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Foggy

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Post by Foggy » Tue Feb 25, 2020 5:23 pm
It will be down to the IP getting the others to vote in enough numbers to overturn the outcome. If they fail then you need to try to arrange a DMP to give you a bit of breathing space --- Stepchange would be the people to speak to about this as they do not charge fees on DMPs and have a good working relationship with creditors. Then after a few months non-spending on credit you could try again.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
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Jo.c89

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Post by Jo.c89 » Tue Feb 25, 2020 5:24 pm
No else has given an answer yet apparently.

Foggy

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Post by Foggy » Tue Feb 25, 2020 5:26 pm
I am surprised that Barclaycard and MBNA didn't vote (apparently) --- who is acting for you ?
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk

Jo.c89

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Post by Jo.c89 » Tue Feb 25, 2020 5:29 pm
Tue Feb 25, 2020 5:26 pmFoggy wrote:
I am surprised that Barclaycard and MBNA didn't vote (apparently) --- who is acting for you ?
I’m with creditfix. I went off the advice of a friend to go with them! The meeting was at 1:05pm and she didn’t ring me until half 4 and that’s when she said that shop direct were the only ones to give an answer.

Foggy

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Post by Foggy » Tue Feb 25, 2020 5:46 pm
Tue Feb 25, 2020 5:29 pmJo.c89 wrote:
Tue Feb 25, 2020 5:26 pmFoggy wrote:
I am surprised that Barclaycard and MBNA didn't vote (apparently) --- who is acting for you ?
I’m with creditfix. I went off the advice of a friend to go with them! The meeting was at 1:05pm and she didn’t ring me until half 4 and that’s when she said that shop direct were the only ones to give an answer.
I suspected it might be -- this does seem to happen a lot with them ! But, on the plus side, they do usually swing it to get a "Yes" !
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk

Jo.c89

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Joined: Tue Feb 25, 2020 5:01 pm

Post by Jo.c89 » Tue Feb 25, 2020 5:51 pm
Tue Feb 25, 2020 5:46 pmFoggy wrote:
Tue Feb 25, 2020 5:29 pmJo.c89 wrote:
Tue Feb 25, 2020 5:26 pmFoggy wrote:
I am surprised that Barclaycard and MBNA didn't vote (apparently) --- who is acting for you ?
I’m with creditfix. I went off the advice of a friend to go with them! The meeting was at 1:05pm and she didn’t ring me until half 4 and that’s when she said that shop direct were the only ones to give an answer.
I suspected it might be -- this does seem to happen a lot with them ! But, on the plus side, they do usually swing it to get a "Yes" !
I’ve had to email her and say what I’ve spent on very for the last 6 months which too be fair was quite a lot but my circumstances were different at the time and I could of afforded to pay it. God the suspense is killing me ha

kallis3

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Post by kallis3 » Tue Feb 25, 2020 6:31 pm
Fingers crossed they can get it to go your way.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk

Jo.c89

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Post by Jo.c89 » Tue Feb 25, 2020 7:15 pm
Tue Feb 25, 2020 6:31 pmkallis3 wrote:
Fingers crossed they can get it to go your way.
God I hope so. Feeling sick at the thought of everyone saying no

luluj

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Post by luluj » Wed Feb 26, 2020 4:49 am
You certainly need the others to vote now others to reach the 75% of those who vote situation. Hopefully creditfix can work on this and get it to be a yes, but think you should start to look into a DMP as interim measure.
Sharing from experiences of dealing with debt

There is a solution for everyone .... Just need to stay positive !

Look at my blog "All I wanted was a baby"

Jo.c89

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Post by Jo.c89 » Wed Feb 26, 2020 8:55 am
Wed Feb 26, 2020 4:49 amluluj wrote:
You certainly need the others to vote now others to reach the 75% of those who vote situation. Hopefully creditfix can work on this and get it to be a yes, but think you should start to look into a DMP as interim measure.
Would I go though creditfix for a DMP? I just don’t understand why no one else voted yesterday.

Foggy

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Post by Foggy » Wed Feb 26, 2020 10:26 am
Wed Feb 26, 2020 8:55 amJo.c89 wrote:
Wed Feb 26, 2020 4:49 amluluj wrote:
You certainly need the others to vote now others to reach the 75% of those who vote situation. Hopefully creditfix can work on this and get it to be a yes, but think you should start to look into a DMP as interim measure.
Would I go though creditfix for a DMP? I just don’t understand why no one else voted yesterday.
I don't know if CF do DMPs -- but, personally, I would have a word with Stepchange for a DMP as they do not charge fees for these and, being funded by the banks, have good working relationships with creditors.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk

Jo.c89

Posts: 19
Joined: Tue Feb 25, 2020 5:01 pm

Post by Jo.c89 » Wed Feb 26, 2020 12:35 pm
Wed Feb 26, 2020 10:26 amFoggy wrote:
Wed Feb 26, 2020 8:55 amJo.c89 wrote:
Wed Feb 26, 2020 4:49 amluluj wrote:
You certainly need the others to vote now others to reach the 75% of those who vote situation. Hopefully creditfix can work on this and get it to be a yes, but think you should start to look into a DMP as interim measure.
Would I go though creditfix for a DMP? I just don’t understand why no one else voted yesterday.
I don't know if CF do DMPs -- but, personally, I would have a word with Stepchange for a DMP as they do not charge fees for these and, being funded by the banks, have good working relationships with creditors.
Ok thanks I’ll bare that in mind. Barclaycard and MBNA didn’t vote because they didn’t have my account details apparently so they’ve been given until Friday to vote. Very have point blank said no so I need both barclaycard and mbna to say yes!
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