Happy Christmas from GT!

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tra23dog

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Post by tra23dog » Sat Dec 21, 2013 4:00 pm
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At last!! Our CC paperwork came through from GT today. After nearly 7 and a half years, we are finally free!! It took a lot of complaining to GT though but they came through in the end. Now to update our credit files and get removed from the insolvency register :-)

Hang in there, it will happen for you all too :-)

We will have a very happy Christmas now!

xx
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Foggy

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Post by Foggy » Sat Dec 21, 2013 4:05 pm
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Excellent Christmas Pressie :-)

Congratulations
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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MerlinL14

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Post by MerlinL14 » Sat Dec 21, 2013 4:29 pm
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Congratulations [:D][:D][:D][:D][:D]
Last Payment made 04/12/14. Completion Certificate 25/7/15. IVA company GT. No Issues
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plasticdaft

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Post by plasticdaft » Sat Dec 21, 2013 8:12 pm
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Great news.

Paul
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
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MelanieGiles

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Post by MelanieGiles » Sun Dec 22, 2013 9:22 pm
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Am assuming that the IVA took 2 1/2 years longer to conclude that you were expecting. For what reasons did the closure take so long as a matter of interest?
Regards, Melanie Giles, Insolvency Practitioner
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tra23dog

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Post by tra23dog » Fri Jan 03, 2014 1:12 pm
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Melanie, the IVA was extended for 6 months as we are renting and had no equity to release, the rest of the time was waiting for the CC to come through, almost 2 years after the IVA finished!!!
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MelanieGiles

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Post by MelanieGiles » Fri Jan 03, 2014 7:46 pm
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If you were renting, why on earth did you have to extend your IVA to cover an equity release scenario? And surely it did not then take 2 further years simply to close your case - were there any particular issues which had to be dealt with during this period?
Regards, Melanie Giles, Insolvency Practitioner
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Foggy

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Post by Foggy » Fri Jan 03, 2014 7:50 pm
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I would hazard PPI, Paymex, overload due to acquisitions over the past few years.

The renting extension eludes me.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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tra23dog

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Post by tra23dog » Mon Jan 06, 2014 8:03 pm
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Yes, the dreaded PPI held it up!!
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tra23dog

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Post by tra23dog » Mon Jan 06, 2014 8:05 pm
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Because we had no equity in our house, we were asked to pay an extra 6 months IVA payments, so 5 and a half months. It has almost taken 2 years to get our CC.
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MelanieGiles

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Post by MelanieGiles » Tue Jan 07, 2014 1:59 am
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Don't understand the need to pay additional payments if there was no equity. Was this something that was specifically provided for within the IVA?
Regards, Melanie Giles, Insolvency Practitioner
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tra23dog

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Post by tra23dog » Tue Jan 07, 2014 2:35 pm
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The IVA company said because we couldn't raise extra funds like most people through equity in the house, we had to pay an extra 6 months IVA payments.
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MelanieGiles

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Post by MelanieGiles » Tue Jan 07, 2014 11:43 pm
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Did it say that you had to do this under the terms of the IVA? Was there a need to achieve a minimum dividend at the time your IVA was presented? Still does not make sense to me - you would never compare someone renting a property to someone owning a property - and make them pay more simply because they did not have a property asset.
Regards, Melanie Giles, Insolvency Practitioner
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Helpless121

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Post by Helpless121 » Wed Jan 08, 2014 10:06 am
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I'm with Melanie here.
I don't understand why you had to pay for an extra 6 months if your renting. [?]
We rent as well and paid ours in 5 years and are also with GT.
I've never heard of such a thing so a bit confused.
I'd ask GT for clarification on this as I think somewhere along the line, someone has got it all wrong.
IVA completed!!! Looking forward to getting my life back! Stay positive and you'll get there in the end.
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