creditors keep putting interest on

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kieranandmegansmum

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Post by kieranandmegansmum » Thu Mar 05, 2009 9:56 pm
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IM IN AN IVA BUT SOME CREDITORS KEEP PUTTING INTEREST ON THE BALANCE SO HOW ARE YOU TO PAY THIS OFF
S WARD
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kallis3

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Post by kallis3 » Thu Mar 05, 2009 10:00 pm
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If you are in an IVA, then the creditors cannot put interest on. It may be that their systems haven't been updated.

Get in touch with your IP and tell them so they can inform the creditors.

Don't worry about it, you won't have to pay any more than the original agreed amount.
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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David Mond

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Post by David Mond » Thu Mar 05, 2009 10:00 pm
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If you are in an IVA there cannot be any interest added to your debt from the date of the creditors meeting. Get all these statements together and send to your Supervisor (IP) asking him to write to those creditors applying illegal interest.

Rest assured you have nothing extra to pay.
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
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David Mond

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Post by David Mond » Thu Mar 05, 2009 10:01 pm
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Hey Kallis you beat me by 34 seconds!
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
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kallis3

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Post by kallis3 » Thu Mar 05, 2009 10:14 pm
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I'm quick on the old keyboard David![:D]
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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David Mond

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Post by David Mond » Thu Mar 05, 2009 10:14 pm
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I need lessons - i still two finger type
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
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kallis3

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Post by kallis3 » Thu Mar 05, 2009 10:20 pm
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[:D][:D]
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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