So I am in cahoots with Payplan at the moment, as they are calculating my equity in a different way to shown on there own website, and the IVA protocol. I have questioned this, as the calculations I have done means my IVA concludes in August. I cannot get a reply from my IP and the response I got today is:-
"The equity clause that you are quoting is included in IVA Protocol Proposals. Your IVA offer was not put forward to creditors using these Proposals as they were not in use by Payplan at this time".
Does the protocol only apply to IVA's taken out after it came into effect? Mine was taken out in 2011.
Were they using protocol otherwise the 2008 one would apply.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
Mine was the 2008 protocol, I would think in 2011 that the 2010 one would apply.
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
Pay plan staff do like to make it up as they go along.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
With me they didn't - everything stayed the same throughout.
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
