February 2008 my main creditor was HSBC and I had to agree the 40p dividend, so glad it's changed now. 33p is what I'll most probably achieve though and this has been agreed via variation meeting.
Good luck for the 16th, have faith in your IP as the best offer will be out there for creditors.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
Hi! Not too long to wait now!!! As long as your dividend is better in an iva than in BR then you should be fine. As your credit history is good at the moment, you could apply for a full current account. The only iva condition is to decline an overdraft. x
Hi Charlie76 I'm in exact same position as you only I don't have a date for meeting yet! most of same creditors too! I'm still so worried about it all!
We were advised by our IP to offer to pay a 'token payment' to creditors while waiting to hear and most have taken the ref number instead not pleasantly but I guess not getting paid isn't pleasant for them! You do have to treat them all the same tho as favouring some over other may do more harm than good???
My biggest worry is we have a new car which is on HP (well its a year old now!)which I use to get to work and when it comes to a few years down the line we will owe a lump sum payment. We did think about handing back and getting a 'banger' but adding up the cost of possible breakdowns etc and this one is a very economical car so fuel is great tax is only £20 per year insurance is low etc we think the 'banger' would prob end up costing more in the long run anyway! Anyway, at the lump sum stage we had the option to either return the car (which I couldn't do as I need to get to work and public transport can't get me there) or exchange for a new car and start again (which obviously now isn't an option going into an iva) and the last option is to pay a lump sum. This could have been refinanced but they aren't gonna do that now entering into an iva! I'm just wondering if my parents paid this off for us at that stage would it then become an asset to sell? But then of course I owe my parents when my iva is finished! If I'm totally honestly as well I don't want to get rid of the car I love it and its kinda a way of not letting anyone know I'm in an iva too and nobody will see many changes on the outside looking into my life!
Firstly of course it all has to be accepted!
Is that so terrible?
Can't advise on the car thing but I was told not to make any payments but I have read about token payments. Yes make sure yu pay them all token payments if you are doing this or pay none.
I paid none and got myself a little contingency built up before the IA started, which was very wise as my boiler went wrong! It really is up to you what you do.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
have just got a select account at natwest, cheque book & debit card. Apparently it's a basic account but one step up from the other basic account as you can use all cash machines not just natwest ones. Has anyone else got this account?
I have been waiting a week for a reply from co-op bank.
Do creditors discuss how they are going to vote? I noticed the addresses for Tesco, HSBC, and halifax are all the same for the firms that represent them. Does this mean they will also say yes or no?
