Hi, I,m currently begind by 2 payments with Barclaycard the phone rang and I told them that I was dealing with Payplan and I can no afford afford the minimum payment they stopped calls for 14days and were very nice, this was a week ago and the phone hasn't rang. I have phoned up all my creditors, Ca...

SMR, I dosclosed my £30'000 to Payplan, they are entering myself into a DMP for 6mths to get the creditors on board and then go for an IVA using the Lump sum as a settlement along with a monthly contribution if I can prove I can afford it. So the 6mths is like a test. Re Hiding 30k that's easy cause...

Fair comment.

I stand corrected and offer my apology

The reason I ask re Melanie,

Is that I question the replies to my own posts ?

Quick Question

Why is Melanie classed as a forum expert ?

Update, After speaking to an expert IP (not on this board) I rang up to speak to Payplan at his recommendation. They have accepted me for a DMP with token payments to get them all onboard and that will prepare them better for an IVA as the creditors will then know that I can't afford much,in 6mths t...

Okay thanks melanie.

No really the answer I was looking for, some
guidance over the 25% figure quoted.

got the answer from an IP expert last night

Thanks

Hr1350
Good luck.

Can I ask
How do Clearstart charges compare to Payplan ?

I am looking to do a lump sum final settlement so chares are an important issue

Thanks

Melanie, The point I was stating if I depreciate my car via the tax return it reduced my net profit and if I don't it increases my net profit hence one example of creating a disposal income. My question was asked on my last post at the bottom. Also Anyone else please feel free to help as I need some...

Melanie thanks. But your answer on self certified mortgage is incorrect as you need to state a figure as to your earnings and they don't check, so be placing a figure in the box is committing fraud as I would have to state a figure much higher than I acutally earn to enable a remortgage. This carrie...

wobly. I can answer the question with regards to the remortgage. You will find lenders prepared to allow you to remortgage within an IVA some state proof of a satisfactory 6mth payment history of your IVA some slighly difference. This will also depend on LTV requirement( mortgage v Value of home) an...

Melanie, I arranged an informal agreement with some of my creditors directly to freeze interest, charges and pay over 10yrs. some of the debts are in my wife's name. Re creating a disposable income. My last set of completed accounts are 04/2006 and my Income has gone up over the last 12mths but I ha...

Melanie, Yes I have considered that but I have a wife and young children to consider and we only have a 3 bed house and I have met all my secured debts, I am self employed so in a way I can create a disposable income but my accounts will not be able to prove this and in any case accounts are history...

any help please.

I,m very very genuine

Hi Thanks for comments, I cannot release equity in my home due to LTV which is currently just above 90% and also my Income which isn't high enough to remortgage (self Employed) So my position is I have no disposable income and a lump sum of £30,000 my unsecred creditors are MBNA, Barclays (via barcl...