Nervous Weekend

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adam355
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by adam355 » Sat Sep 30, 2017 8:51 am
Creditors Meeting is 11am Monday
They will get 63p in the pound if approved which I understand is quite high? Is that correct?
IP tells me that the only creditor that can be a pain is Northern Rock who always ask to extend to 6 years.

So - everything crossed!!
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Foggy
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by Foggy » Sat Sep 30, 2017 8:55 am
63p is a very good dividend ( mine was low 30's) and, yes, NR routinely ask for the baseline to be set at 6 years (with the possibility of extending to 7 in lieu of erquity).

Best of luck for Monday.
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Keith White
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by Keith White » Sat Sep 30, 2017 9:37 am
Sounds like a very good offer. Good luck for Monday!
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sheraz.butt
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by sheraz.butt » Sat Sep 30, 2017 11:01 am
Agree with Foggy and Keith. It is a very good return with the dividend you can offer which always gives you a much better chance.

Northern Rock are known to have certain criteria but nonetheless, knowing you can be debt free in a reasonable amount of time hopefully should out weigh this!

Good luck for Monday!!
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kallis3
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by kallis3 » Sat Sep 30, 2017 12:35 pm
Good luck for Monday -that's a good dividend.
ashbock123
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by ashbock123 » Sat Sep 30, 2017 3:38 pm
You should be fine mine got approved the other day 36.87p in the pound in total so yours should be fine
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luluj
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by luluj » Sun Oct 01, 2017 12:03 am
Here's hoping all ok on Monday and your journey to debt freedom will commence - never give up hope !
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kallis3
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by kallis3 » Sun Oct 01, 2017 8:09 am
Not long now!!
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adam355
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by adam355 » Mon Oct 02, 2017 5:32 am
kallis3 wrote:
Not long now!!


and now its down to a few hours - time to try and concentrate at work!!
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Foggy
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by Foggy » Mon Oct 02, 2017 6:47 am
Fingers crossed.
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kallis3
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by kallis3 » Mon Oct 02, 2017 7:47 am
Hope they let you know quickly.
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adam355
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by adam355 » Mon Oct 02, 2017 8:12 am
Me too - they promised they would
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adam355
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by adam355 » Mon Oct 02, 2017 11:51 am
Its been accepted. Slightly higher payments than I submitted as Northern Rock had an issue with the I and E. Also ended up with the expected 6 year IVA (7 without equity release) again thanks to NR.

Phew - what a relief
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kallis3
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by kallis3 » Mon Oct 02, 2017 11:58 am
Well done!
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Foggy
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by Foggy » Mon Oct 02, 2017 12:02 pm
Welcome to the journey to debt freedom ! Remember .. any questions, feel free to ask,
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