Your old Supervisor's actually left the company some time ago, so the transfer is really just one of formality and I doubt you will see much change to be honest.
Hi this is whats the forum is all about, just looking at your posts earlier, please do not get to upset.
Blair endersby do post on here but not seen them for a while here, also being a client of theres, if something is upsetting you please phone them. Ask to speak to an IP (or email them) or your account manager - my last account manager was excellent n we have had alot of problems.
Keep posting it helps x
Final IVA payment made in April 2013, never ever thought we could do it or get through it but we did! X
An IVA.co.uk Mentor is someone sharing from their experiences of dealing with debt
Hi all
I have been to the CAB and although i can obtain the lump sum from my pension because of my age they think is a bad idea because obviously it will count as income and as such can not use it to pay my iva off, what can i say just another solution gone bye bye. I have been told to make myself bankrupt by the CAB but do not like the idea of it much but does not look like i am left with any choice!
I have been on Experian this morning to try to find out up to date figures of what i owe to my dismay Blair Endersby have had just over £6000 since the start of my iva 2 years ago and it looks like nothing has been paid to creditors in fact the amount i owe to the Royal Bank Of Scotland has gone up i know they have fees but i did expect somthing to have been paid off by now or have i got it wrong do they only pay a divdend to creditors at the end of the 5 year period. could anybody shed some light on this for me please.
regards
David
I assume the CAB mean that if you draw down the funds you cannot pay it to your IVA because you are on benefits. It does sound as though bankruptcy is your best option and if you have paid in £6000 there may be funds there to pay for the bankruptcy if that is what creditors asked for at the time. If not you would have to pay for it yourself but the relief would be tremendous and your retirement income would be protected. It is certainly something to seriously consider as a number of people appear to have advised bankruptcy as your best course of action.
Thank you for your reply Michael
yes at this moment in time i am on benefits due to ill health i have suffered from depression after getting made redundant i had worked there for 30 + years. There are no funds available at Blair Endersby to make me bankrupt and as of yet no creditor has expresed a view to make me bankrupt as far as i know.
Im so sorry your not well and can understand regarding your pension & possibly going through bankruptcy, but for some its better for them than an IVA.
As I am with BE - if you have alook at your annual reports from each year there should be a statement included showing you whats gone in n whats gone out.
I am approaching my second review so can only advise what was on my first annual report. Firstly they took their fees (very common) and what was left was to be distributed to the creditors. But in mine as there was little left so they informed the creditors that a dividend will be payable on the 2nd anniversary.
So if I was to look at my credit report now - nothing would of changed much to my debts, however after my 2nd anniversary some money should of been paid across.
There is nothing in my proposal to say there are funds for BR either. The creditors probably wont petition for your BR as its costs them more to do so & dont believe BE would petition either. You could miss 3 payments n let your IVA fail n save those three payments for BR fees.
Final IVA payment made in April 2013, never ever thought we could do it or get through it but we did! X
An IVA.co.uk Mentor is someone sharing from their experiences of dealing with debt
I agree with Lyn that if there is no money to make you bankrupt you may as well do it yourself. This would remove the worry once and for all and you could move on. There is a sister site www.bankruptcyhelp.org.uk where you could post and get further assistance from people who have been in the same situation. It may be worth a visit.
many thanks for your kind advice Lyn and Michael i will let my iva fail its almost there because i have been got some arrears due to reduced payments i still think £6000 is a lot to pay in to end up with more owing than went i went into the iva i am amazed that the creditors have not seen any money at all.
Regards
David
Hi David your very welcome.
I would be in the same boat if we had failed our IVA after the first year, as within in mine all my payments went in fees, which I have explained.
This maybe the same for you so there fore your are walking away with the same debt you went in with.
Im not an expert so I may be wrong, just trying to help with my little knowledge of the world of IVAs & being a client of BE.
With your circumstances looking at BR looks like a better option and for those I have read going or gone through BR its not as bad as what you think. The last time I heard the fee to BR yourself was 525 and you can do it online.
In your circumstances I think the fact you have tried in an IVA and it has not worked out for you - BR will be an acceptable understandable option - good luck David
Final IVA payment made in April 2013, never ever thought we could do it or get through it but we did! X
An IVA.co.uk Mentor is someone sharing from their experiences of dealing with debt
If you get stuck, there is always someone around to help 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
Thanks for your reply Jan I still cannot get my head round paying them all that money when already got my back to the wall I have to say that i have found Blair Endersby very unhelpful in my case suggesting payment breaks that i was not entitled to then holding a meeting of creditors (variation)and putting forward the wrong information somehow all figures completly messed up with original figures and new figures what was presented was not what i signed for even work meals had somehow got back into the paperwork and i am not working also my previous partners wage was included this ment my creditors refused the variation and it is still hanging over me payments still set at £457 pm when Blair Endersby were notified of an extreme change of circumstances in July 2008 soon after my iva was taken out.
Regards
David
If you are unhappy with the service you have received, you can always raise a complaint with them Dave.
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
Have you tried actually speaking to your IP to see if you can sort of these difficulties. I am sure that they would want to help, and probably are unaware that you may be having difficulties with members of their team.
