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
Just took a call from FJ. IVA has been approved except Santander want us to sell our car and retain 3k of the sale price to buy another car.
What do you guys think i should do? the iva hangs on this decision so i think its a no brainer!! sell the car.??
What is the value of the car they want you to sell? You should be able to get one to last the term for the £3k they are allowing you to keep, which does sound generous. Do Santander hold a deciding percentage of the vote ?
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by Foggy
What is the value of the car they want you to sell? You should be able to get one to last the term for the £3k they are allowing you to keep, which does sound generous. Do Santander hold a deciding percentage of the vote ?
Santander hold the deciding vote, the car is valued at approx £4500. Having a reliable car is a must for me as i work perminent nights and i no this car is reliable having had it from new.
I agree a realiable car is a must for anybody who needs to commute to work, no car - no work, no IVA payment, why do they do this? A 4.5k car that is to last 5 years of an IVA isn't much in my opinion! Would you actually get 4.5k for it too?
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
