Lloyds TSB

[ivas4us]

thankk you.

[stoneyB]

I owed Lloyds over 60k. They didn't vote.

[sparklywatcher]

how strange is it that these companies that are owed so much money dont even bother to vote, yet even if you owe them less they are happy to stalk you into destruction ?

[kallis3]

I owed Lloyds just over £2,000 - one of my smallest creditors. They voted no!

Barclays were the only ones who really hounded me and they were one of my smaller creditors as well.

[Max]

£60,000 and did not bother to vote - I shall never understand the behaviour of creditors and IVA voting! How on earth does an IP judge what to put forward and what to reject if creditors behave like that?

[Skippy]

I do wonder if creditors do sometimes miss the creditors meeting, rather than not bothering to vote, especially now when so many IVAs are being proposed.

[kallis3]

That could be the case. My largest creditor didn't bother to vote, but I had enough with the others who did so I didn't look too deeply into it!

Never look a gift horse in the mouth!

[poppyfairy]

Hi All

I have just been reading through this thread and was really encouraged by everyones responses with the creditors calling.

I have just had my first call this morning with regards to my probs. Melanie and team and helping me to sort things out so still in the first stages so to speak. Anyway I explained I was getting advice and help from an IP and the woman said 'well that isn't good enough you need to give us some money now'. I explained I couldn't and that I would be in contact shortly by letter with details. She kept going on and on at me and I felt really upset.

I said to her very calmly 'there is no need to be aggressive or harrass me - I am trying to sort the matter out'. She said 'I am trying to give you advice'. I said 'thank you kindly but I will stick to the advice from my IP'.

Anyway She blahd on for a bit longer and I said thank you and bye and put the phone down.

I hate confrontation and she caught me unawares. I am scared about the calls but have now prepared a post-it-note checklist which is by the phone to ask them questions and to keep me focused so I don't get upset! If anybody has any other things I should remember or do/do not say on the phone your advice would be very welcome.

Well done all a total inspiration - loved the computer says no, vatican address and can't remember being born. A true classic.

Have a great day

Many thanks and have a good day.

Poppyfairy

[kallis3]

You handled the call well.

Just refuse to confirm your details and they will terminate the conversation straight away!

[Max]

The Vatican address is a good one - one clown asked me if Vatican City is in Italy !! I said "no" - it is Europe. I am sure if I said I've changed my name to Pope Benedict he would have it written down!!Really taken in that one - the only one I must add.

[Michael Peoples]

Hi Poppyfairy. If a creditor is giving you too much hassle you could tell them that you are going to go bankrupt unless they give you a break. Bear in mind that the IVA is a means of returning more money to creditors than they would receive in bankruptcy and is entirely voluntary.

[gord]

It is perverse that as soon as you begin to trouble and struggle is the very time that the cc companies ramp up the interest rate . It is as if they know you might be having a hard time so they try and get debt up as much as they can. I was paying 34% with MBNA - which roughly meant £270 a month in interest alone - Barclay card wasnt far off - so I was ramping probably about $1000 interest every month on about 3 or creditors . It was at that time when I knew the game was up and I had to sort this once and for all .

I am not saying that I would have coped if the interest rate was kept sane - at about the 12% I transfered on. But when the gov rate was approaching zero and I was being charged 34% - something had to give . Surprisingly it wasnt illegal - as long as they informed you they could change the T & C's anythime they wanted