www.iva.co.uk

Posted: **Mon Apr 04, 2016 1:51 pm**

Hi All,

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.

Posted: **Mon Apr 04, 2016 1:59 pm**

Were they using protocol otherwise the 2008 one would apply.

Posted: **Mon Apr 04, 2016 2:05 pm**

Mine was the 2008 protocol, I would think in 2011 that the 2010 one would apply.

Posted: **Mon Apr 04, 2016 2:15 pm**

Pay plan staff do like to make it up as they go along.

Posted: **Mon Apr 04, 2016 2:59 pm**

With me they didn't - everything stayed the same throughout.

Posted: **Tue Apr 05, 2016 9:17 am**

Look at the terms and conditions referred /attached to your original IVA proposals and any that replaced them at any subsequent modifications.