i just dont believe it!!!

rollercoaster: Posts: 158; Joined: Thu Feb 28, 2008 1:53 pm; Location:

by rollercoaster » Mon Apr 21, 2008 4:26 pm

i just dont know what to do?? as you know my IVA was rejected on the 10 april by MBNA whilst my husbands was approved. i rang MBNA today to let them know that i am paying my surplus income to payplan to arrange a DMP. the lady at MBNA asked me if i knew the reason for the rejection, and told me that they had worked out that i could pay the debt in less than 10 years in a DMP. i told her she was mistaken as i have £127pm surplus for a £17k debt and that was closer to 11 years +. she informed me that they had the wrong figures on my proposal as it stated i have £176pm. she then told me that they would not allow a DMP that ran for more than 10 years and questioned why my IP had not asked MBNA why they had rejected so that this could have been picked up earlier and rectified because at £127 pm they would have probobly approved the IVA...WHAT DO I DO NOW?????[:(!]

Viki.W

Posts: 5647

Joined: Fri Feb 15, 2008 7:34 pm

Location: United Kingdom

by Viki.W » Mon Apr 21, 2008 4:33 pm

RC, that's awful. I'm sure one of the experts can help you with that one. I can't believe all the hassle you've had recently. Hang on in there. Viki X

If you would like to talk to me about your debt problems, please visit:
http://www.vincentbond.com/about_us_Viki_Warbrooke.asp

MelanieGiles Industry Expert

Posts: 47612

Joined: Tue Jan 09, 2007 10:42 am

Location:

by MelanieGiles » Mon Apr 21, 2008 4:34 pm

IPs should always question why IVAs have been rejected, and you should now bounce this back to the IP who represented you to see if they would be prepared to represent the case.

It is interesting that MBNA are taking this stance over DMPs, and useful to know for future reference,

Regards, Melanie Giles, Insolvency Practitioner

sblack: Posts: 304; Joined: Mon Jan 07, 2008 2:12 pm; Location:

by sblack » Mon Apr 21, 2008 4:37 pm

That is quite unbelievable rollercoaster, Im sure an expert will be able to give some good advice.

"Life is too short to wake up in the morning with regrets. So love the people who treat you right, forget about the ones who don’t and believe that everything happens for a reason. If you get a chance, take it. If it changes your life, let it. Nobody said that it’d be easy, they just promised it would be worth it."

rollercoaster: Posts: 158; Joined: Thu Feb 28, 2008 1:53 pm; Location:

by rollercoaster » Mon Apr 21, 2008 4:44 pm

if he does re present the case, does that not effect the fact that we initially wanted the IVA to be interlocking as OH was approved on 10 april (although first payment is 9 may?)

MelanieGiles Industry Expert

Posts: 47612

Joined: Tue Jan 09, 2007 10:42 am

Location:

by MelanieGiles » Mon Apr 21, 2008 5:07 pm

They will have work to do to sort this out - but it is not unsurmountable if they feel that they can get MBNA's support.

Regards, Melanie Giles, Insolvency Practitioner

rollercoaster: Posts: 158; Joined: Thu Feb 28, 2008 1:53 pm; Location:

by rollercoaster » Mon Apr 21, 2008 5:16 pm

thanks, i have emailed my husbands case officer to enlighten them to the situation and to express my anger that such a huge mistake could have been made which ultimately led to my IVA rejection.

sblack: Posts: 304; Joined: Mon Jan 07, 2008 2:12 pm; Location:

by sblack » Mon Apr 21, 2008 5:19 pm

You are right to be angry,
Good Luck.

"Life is too short to wake up in the morning with regrets. So love the people who treat you right, forget about the ones who don’t and believe that everything happens for a reason. If you get a chance, take it. If it changes your life, let it. Nobody said that it’d be easy, they just promised it would be worth it."

rollercoaster: Posts: 158; Joined: Thu Feb 28, 2008 1:53 pm; Location:

by rollercoaster » Mon Apr 21, 2008 5:46 pm

i have just searched up my husbands IP who proposed our ' interlocking' IVAs and emailed him with the info and basically "can anything be done"? was very nice and professional to him in email coz i want him to want to help and sort this shambles out. fingers crossed that hes not too busy or can be bothered.

aguise

Posts: 3907

Joined: Tue Jan 23, 2007 11:24 am

Location: United Kingdom

by aguise » Mon Apr 21, 2008 6:25 pm

All the best rollercoaster i hope it can be sorted for you.

Ang

Please visit my blog at http://aguise.blogs.iva.co.uk/

rollercoaster: Posts: 158; Joined: Thu Feb 28, 2008 1:53 pm; Location:

by rollercoaster » Mon Apr 21, 2008 6:45 pm

thanks peeps.

xx

angela18: Posts: 2668; Joined: Wed Feb 06, 2008 6:04 pm; Location: United Kingdom

by angela18 » Mon Apr 21, 2008 6:55 pm

I bet you couldn't believe your ears!! I would have been livid. Hopefully can get resolved.. fingers crossed.

Ang.. 13 payments in.. WOW, thats over 20% paid!! http://angela18.blogs.iva.co.uk/ well here we go

if you wish for a rainbow... then you have to put up with the rain xx

kallis3 Forum Expert

Posts: 77176

Joined: Mon Mar 17, 2008 4:02 pm

Location: United Kingdom

by kallis3 » Mon Apr 21, 2008 7:58 pm

Hope everything goes ok Rollercoaster, you sent me good wishes so I return them to you tenfold.

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

facingittogether: Posts: 1141; Joined: Sat Apr 19, 2008 8:18 pm; Location:

by facingittogether » Mon Apr 21, 2008 8:04 pm

thinking of you rollercoaster and hoping this can be sorted for you

barb x

12 down - 60 to go! woo hoo!

Adam Davies: Posts: 14596; Joined: Thu Mar 29, 2007 12:21 pm; Location:

by Adam Davies » Mon Apr 21, 2008 9:22 pm

Hi
An interesting development and one that I will follow with interest.Please keep the forum updated and good luck
Regards

Andam Davies

IVA Calculator - Do I qualify?

Information Center

Ask the IVA Experts a Question