What do banks do once they get an iva request

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Lahoretiger

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Post by Lahoretiger » Thu Jul 30, 2020 4:14 pm
What will they do aftet 14 days

Foggy

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Post by Foggy » Thu Jul 30, 2020 4:25 pm
Doesn't matter. They cannot enforce collection. They could just be bluffing and trying to get money out of you and, if so, you can report them to the Financial Ombudsman. The FO has no jurisdiction over the IVA, but would be interested in the lenders behaviour.

If they contact you again, pass it to the IP and demand that they do something other than tell you to ignore it.
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

kallis3

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Post by kallis3 » Thu Jul 30, 2020 6:39 pm
Agree - they are being bully boys and can do nothing. Get Stepchange to speak to them.
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

kallis3

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Post by kallis3 » Thu Jul 30, 2020 6:44 pm
The other thing is that if they decided to try and do something it will cost them and you can also counter claim for harrassment.
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

Lahoretiger

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Post by Lahoretiger » Sat Aug 01, 2020 10:44 am
Txs all just one thing my iva is on my name but they asked for my wifes income montly which is under 300 if she looses her job will this affect my iva or how much i pay?

Foggy

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Post by Foggy » Sat Aug 01, 2020 11:11 am
Most firms ask for the spouse's income only to work out their share of allowed expenses, other than that it doesn't matter. Some (only a few) firms work out the IVA payment on household income, which I think is unfair.

So, in your case, if she lost her job, then you would be paying all of the household expenses, so your disposable income would go down. But, as her income is so low, I imagine that you pay most of them anyway and have the appropriate allowances already.
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

Lahoretiger

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Post by Lahoretiger » Sat Aug 01, 2020 11:32 am
Just recieved lettrt from shawbrook that they are frezzing my interest

Foggy

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Post by Foggy » Sat Aug 01, 2020 12:52 pm
Sat Aug 01, 2020 11:32 amLahoretiger wrote:
Just recieved lettrt from shawbrook that they are frezzing my interest
Well ... yes ... they have to anyway.
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

Lahoretiger

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Post by Lahoretiger » Sat Aug 01, 2020 1:13 pm
So nothing to worry about shell i phone them

Foggy

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Post by Foggy » Sat Aug 01, 2020 2:32 pm
Sat Aug 01, 2020 1:13 pmLahoretiger wrote:
So nothing to worry about shell i phone them
I wouldn't bother.
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

kallis3

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Post by kallis3 » Sat Aug 01, 2020 5:24 pm
You don't need to speak to anyone.
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

Lahoretiger

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Joined: Tue Jun 16, 2020 11:08 am

Post by Lahoretiger » Sun Aug 02, 2020 5:09 pm
Txs

Lahoretiger

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Post by Lahoretiger » Mon Aug 03, 2020 6:22 pm
Nawest sent me a text saying all accounts are closed if u u need any open contact ip

Foggy

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Post by Foggy » Mon Aug 03, 2020 6:54 pm
Mon Aug 03, 2020 6:22 pmLahoretiger wrote:
Nawest sent me a text saying all accounts are closed if u u need any open contact ip
Is that your old bank account or a new one ?
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

kallis3

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Post by kallis3 » Mon Aug 03, 2020 7:30 pm
I would speak to your IP and tell them what you have received.
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
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