Hi all,have been in an Iva for 50 months paying minimum of £652 a month and sometimes up to £1400 a month with overtime. An uncle of ours offered us £6000 to offer as full and final and this was accepted.We are now waiting for the paperwork to come through. I cant tell you how happy i am that its al...

Hi,i sent a letter enclosed with a cheque for F&F only last week.I suppose if its accepted i could pay the debt anyway.
blods

Hi all,i recieved a letter today from a debt collection company chasing a debt from 11 years ago! We have moved house twice since then and must have forgot to tell them.The debt is only a couple of hundred pounds to a catalogue company but obviously being in an IVA i cant really pay it. The letter s...

Hi mel and mister blue sky,yes i will do that.I phoned my IP today and things are a lot clearer.I am going to proceed with the offer so fingers and everything else will be crossed[;)]
blods

Hi Andy,thanks for your reply.I think i will ask to speak to my IP.I could just carry on with payments but the money from my uncle does not need to be payed back until we eventually move house.I also have a charge on the property of about 3.5k which i would like to get rid of.I could do this with th...

Ok thanks for your help all.
blods

Hi,i am currently paying £652 a month and have ten months to go.

Hi,there was an equity clause but there is no equity.I have just received the paperwork from my fourth year review and there is no mention of equity release or doing an extra year.The money is from an uncle.
blods

Hi all,phoned my iva company today to say i was in a position to offer £6000 as full and final settlement of my debt which stands at £6250.The lady i spoke to didnt seem very confident with the offer and almost reluctantly said she would do a proposal only when she had received the cheque. She went ...

Hi Destiny,i went in to see them to get a new deal and thats when they told me they could not offer me anything.My only option was to go on the svr.
If you get a copy of your land registry you will more than likely see a warning on it from Santander.
blods

Hi,i too have had to go on the svr with santander.Like you i have never missed any payments.I was told that its their new policy which i think came into affect in Feb of this year.
I didnt get charged for going onto the svr.I just hope and pray the interest rate doesnt go up.
blods

My god you poor thing,my thoughts are with you.
Kind of puts things into perspective.
blods

Thankyou Andy for understanding me.
I was starting to think it was just my wife who did.
It just doesnt make sense to me.
I was prepared to pay 100% of our debt(63k) but over ten years,but no they sold it for 6k over 5 years!!!!
Im no business man but...
blods

i think its disgusting that a company can buy a debt for as little as 5p in the pound and then demand 56p in the pound.As i have said earlier i would rather see my money go to the banks i borrowed from. If they had listened to me rather than threatening me with court etc i would have offered them a ...

Yes your right,we do have an obligation to pay back as much as we can afford,it just seems strange that a third party receives more money than the companies i borrowed from in the first place.
I personally would feel better knowing that they received the money i owed them.
Regards blods