Hi, an update.
Declan (thankyou), chased through a meeting for me today and a colleague of his mailed me. Unfortunately 50% of my concerns again were not answered or skated around. So I rang. After 10 minutes of talking to someone who really did not have a clue ,she kept given me statutory answers she had practised at DFD school, answers that got no where near to my question (she finally gave up after getting in a tangle), I was put through to someone who knew more.
I was told that the 2 months extra on my annual report was a typo and not to worry about. I asked for another copy with the correct info but apparently they don't do amendments! As long as the creditors had the right information it will be fine??!!
After explaining my concerns, I had an answer on how long I have to pay for - another 2 years not one, even though the "windfall" went in and we have been overpaying for ages, which was hard going by the way, the full term had to run. In fact the news I was told, NEW news at that, was that when I reach 100% of the agreed target I would still have to continue to pay as I would then have to pay statutory interest. I nearly fell over. She worked out how much this may be over the 2 year period at current rates and hold on to your hats now before I tell you. The total pay back would be approx £72,000. I only started with a target of £46,000 ish. Apparently I would have paid back in full, the interest I would have paid if I had not taken out an IVA. So basically I have paid about £7,000/£8,000 to DFD for that privelage of it all.I can't get over it.
I can't take a pay break unless something comes up.Xmas is a luxury apparently, so no crumbs for me here. Although sorry, NOT quite true, I was offered £60 off my next payment. That’s the Xmas dinner sorted at least, so I get a luxury after all, lol.
I may have an option to offer the creditors a final settlement of £51,000.Only paid £38,000 so far out of the original agreement, so could pay 12 x £700 in next year = £8,400, so still £5,000 short, so no chance.
If there is any money left over then it will be returned to me they said!! Nice.
My annual review states I am due to start looking at equity in my property but she said this request only appears in the last year of an IVA. I KNOW, THAT’S WHY I THOUGHT I ONLY HAD 12 MONTHS LEFT!!!! It made sense after DFD having my secure loan windfall and the extra I paid in. I am now told that the "due" part of looking for the equity means after next September?? The first mail I had today told me how to find out what equity I had in terms of asking for the redemption document etc..indicating now, do it, it’s your last year!!
Can you see how confused I am and can you see how I am being told different things. It’s amazing.
Has this happened to anyone else? I am going to me more in debt than when I started at the 72/74 month mark.
If anyone can untangle this then I have an open ear. It's crazy stuff for sure.
I can't talk to anyone else now from DFD, I will wait for all the photocopies I requested from them.
Last edited by
gary.js on Thu Oct 07, 2010 4:15 am, edited 1 time in total.
, hate nights. I mailed them telling asking for a prompt mail reply rather than a call due to my shift. I have mailed Declan as well but no reply either as yet. I will give it until Wednesday and will stay up from nights until I get through.