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Posted: Sat Dec 21, 2013 4:00 pm
by tra23dog
At last!! Our CC paperwork came through from GT today. After nearly 7 and a half years, we are finally free!! It took a lot of complaining to GT though but they came through in the end. Now to update our credit files and get removed from the insolvency register
Hang in there, it will happen for you all too
We will have a very happy Christmas now!
xx
Posted: Sat Dec 21, 2013 4:05 pm
by Foggy
Excellent Christmas Pressie
Congratulations
Posted: Sat Dec 21, 2013 4:29 pm
by MerlinL14
Congratulations [:D][:D][:D][:D][:D]
Posted: Sat Dec 21, 2013 8:12 pm
by plasticdaft
Great news.
Paul
Posted: Sun Dec 22, 2013 9:22 pm
by MelanieGiles
Am assuming that the IVA took 2 1/2 years longer to conclude that you were expecting. For what reasons did the closure take so long as a matter of interest?
Posted: Fri Jan 03, 2014 1:12 pm
by tra23dog
Melanie, the IVA was extended for 6 months as we are renting and had no equity to release, the rest of the time was waiting for the CC to come through, almost 2 years after the IVA finished!!!
Posted: Fri Jan 03, 2014 7:46 pm
by MelanieGiles
If you were renting, why on earth did you have to extend your IVA to cover an equity release scenario? And surely it did not then take 2 further years simply to close your case - were there any particular issues which had to be dealt with during this period?
Posted: Fri Jan 03, 2014 7:50 pm
by Foggy
I would hazard PPI, Paymex, overload due to acquisitions over the past few years.
The renting extension eludes me.
Posted: Mon Jan 06, 2014 8:03 pm
by tra23dog
Yes, the dreaded PPI held it up!!
Posted: Mon Jan 06, 2014 8:05 pm
by tra23dog
Because we had no equity in our house, we were asked to pay an extra 6 months IVA payments, so 5 and a half months. It has almost taken 2 years to get our CC.
Posted: Tue Jan 07, 2014 1:59 am
by MelanieGiles
Don't understand the need to pay additional payments if there was no equity. Was this something that was specifically provided for within the IVA?
Posted: Tue Jan 07, 2014 2:35 pm
by tra23dog
The IVA company said because we couldn't raise extra funds like most people through equity in the house, we had to pay an extra 6 months IVA payments.
Posted: Tue Jan 07, 2014 11:43 pm
by MelanieGiles
Did it say that you had to do this under the terms of the IVA? Was there a need to achieve a minimum dividend at the time your IVA was presented? Still does not make sense to me - you would never compare someone renting a property to someone owning a property - and make them pay more simply because they did not have a property asset.
Posted: Wed Jan 08, 2014 10:06 am
by Helpless121
I'm with Melanie here.
I don't understand why you had to pay for an extra 6 months if your renting. [?]
We rent as well and paid ours in 5 years and are also with GT.
I've never heard of such a thing so a bit confused.
I'd ask GT for clarification on this as I think somewhere along the line, someone has got it all wrong.