looking into an iva don't know which way to turn

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ann.s

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Post by ann.s » Thu Jun 05, 2008 7:07 am
I HAVE READ YOUR FORUM AND FOUND IT INTERESTING I WAS WONDERING IF ANYONE COULD TELL ME IF I CAN DO A JOINT IVA WITH MY HUBBY, AT PRESENT THINGS ARE DIFFICULT, AND FINDING IT HARD TO COPE WITH PAYING THE BILLS SO WE HAVE BEEN LOOKING IN TO AN IVA, BUT DON'T KNOW WHICH WAY TO TURN AND WOULD LIKE SOME ADVICE.
 
 

Lisa2009

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Post by Lisa2009 » Thu Jun 05, 2008 7:51 am
Hi Ann and welcome

Perhaps you could post a few more details.
How much you owe
Who your creditors are
Are you a home owner and if so do you have any equity
How much disposable income do you feel you would have after all normal living expenses are paid but without paying your creditors.
http://mrsskint.blogs.iva.co.uk/ 'Our Story'


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angela18

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Post by angela18 » Thu Jun 05, 2008 7:58 am
welcome to forum Ann.. me and hubby have separate IVAs but they are interlocking with one payment. You will need to post more info of amounts of debts etc as Mrs S advises..
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
 
 

plasticdaft

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Post by plasticdaft » Thu Jun 05, 2008 8:06 am
Well done for taking the plunge and getting that 1st post over and done with. You are defo in the right place for helpand advice.

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

ann.s

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Post by ann.s » Thu Jun 05, 2008 6:54 pm
Thanks for the support I have been reading the forum for a weeks now and got some great advice I have just completed Melanie's form on her website so hopefully a get a ring soon. A bit concerned about the way HSBC treat customers I have all my eggs in the basket with them, loans, credit cards mortgage, after reading the forum i'm going to open another account with a bank I have no connection with. My husband works away so I'm hoping I can open it without him.

Ann
 
 

aguise

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Post by aguise » Thu Jun 05, 2008 7:11 pm
Hi ann and welcome to the forum.
As angela says there is an iva where the proposal is joint and ust one payment, income and expenditure is done jointly. This is not a joint iva but two interlocking. Voting on the other hand is done seperately. We have one also and it works really well. You will get great advice form Melanie and her team.
Keep posting.

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

luluj

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Post by luluj » Thu Jun 05, 2008 8:20 pm
Co-Op or Halifax will open accounts for you.....apply on line and then all you will need is your husbands signature when the paperwork comes through.
Don't risk waiting for IVA to be approved before leaving HSBC as they will get to you very quickly !
Sharing from experiences of dealing with debt

There is a solution for everyone .... Just need to stay positive !

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elizabethr

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Post by elizabethr » Fri Jun 06, 2008 10:20 pm
I opened a new account before I started to default on my cards. Was with Barclays but had overdrafts there so opened a new account with TSB - current account with cheque book and cash card, I also opened a savings account at the same time. My husband then changed his as well separately.
Elizabeth
 
 

Skippy

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Post by Skippy » Sat Jun 07, 2008 7:57 pm
If you want to open a basic Co-op Cashminder account you will need to do this in a branch or on the telephone as you cannot open it online.
 
 

Soulgrowth

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Post by Soulgrowth » Sun Jun 08, 2008 8:14 am
Just wanted to say good luck and well done Ann ... for looking to address your debt situation with the possibility of an IVA. You certainly wont regret this ... I am in a completely different place now to what I was two years ago having gone down the IVA route.

All the best

Debbie
Debbie
 
 

ann.s

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Post by ann.s » Sun Jun 08, 2008 3:46 pm
Thanks for the advice and help, got a call from Tina from Melanie Giles's team she is going to give me a ring on Tuesday to discuss the matter further, she really put me at ease as I was stressed as my hubby had just gone away to work for two weeks, when he is away we can't really discuss much as the calls are normally around 6 mins. I'm having a bit of a stress full time I don't know if I will be able to pay the cc's this month, also does anyone know if it is worth ringing the loan companies to see if I can have a holiday break or do you not recommend this. I am really hoping Tina can help or give us good advice on which way to turn.
 
 

cfnc

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Post by cfnc » Sun Jun 08, 2008 3:56 pm
Good luck with your 'meeting' with Tina, with regards to your cc payments I would wait until Tuesday and see what Tina suggests.

If an IVA is the way to go you would normally stop paying your debts until the creditors meeting anyway.

Hope all goes well,

Kirsty
Kirsty
 
 

Soulgrowth

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Post by Soulgrowth » Sun Jun 08, 2008 4:25 pm
Hi Ann

I would agree with Kirsty ... wait until you speak with Tina on Tuesday ... things could, and likely will, look a whole lot different by then [:)]

Debbie
Debbie
 
 

ann.s

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Post by ann.s » Wed Jun 11, 2008 6:42 pm
Thanks for the support I felf all alone when my hubby went away to work last week, had the call from Tina it looks like the only solution is BR I need to speak to hubby with ref to this, but his calls are short and are worried anyone is listening so roll on next thursday when he gets back. I opened a co-op cashminder account yesterday it took only 10 mins in branch and also i got a joint one without hubby been there, very amazed. Started ringing utility co's to change from dd to quartly statements hope this is the right thing to do, at the min I don't owe them anything does anyone know when I should start to ring the cc companies to ask them to take a token payment, as I don't think we'll be able to pay them next month as I want to keep paying the mortgage. HSBC are not at all helpfull my account is with them I also have a loan I wanted to change the date from the 22nd to 28th giving tnem 12days notice I told point blankly I was too late for this month and I'll have to pay it, but it should be changed for July, at the minute not a good bank to deal with.

Ann
 
 

kallis3

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Post by kallis3 » Wed Jun 11, 2008 6:55 pm
Hi Ann,

It sounds as though you've got things pretty much organised. HSBC were one of my major creditors as well, and they are NOT helpful in the slightest!

Can't help with regard to telling your creditors. I just wrote to mine and offered less payment. Too cowardly to speak to them on the phone.

Hope it all continues ok for you.
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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