Posted: Mon Jun 30, 2008 8:23 pm
We have now been in touch with a couple of companies - we have totally dismissed the first one as they were very sales like and did not explain anything at all well.
Our second choice of IP seemed a lot better - they have spent a lot of time explaining things to us over the phone... but we have not heard anything from them since Thursday? I'm now feeling very anxious and worried.
Initially, I informed them of our monthly income, priorities etc and we were left with a figure of around 950 a month for our creditors - however, during my last call with them on Friday - I advised I had got the figures wrong as I had not taken into consideration the fact that I had made a salary sacrifice for child care vouchers. I did not know exactly what the figure would be until receiving my monthly wage slip on Thursday. We are now in fact left with a figure of around £750 per month for creditors once all priorities are sorted out. At this point - I was advised that this was now probably to low to go forward for an IVA, but they advised they would be back in touch. our debts amount to 72k - 42k of which is with hsbc - then there are 6 other creditors.
I am confused as initially - when I posted on this forum many people said the figure of 950-1k seemed too high for an IVA???? So, please help! Also, the IP advised to stop paying our creditors and offer token payments - none of the creditors appear to want it - is this usual? This month is the first time we have actually missed payments - all but with 2 creditors - is this a normal situation? What happens then when we are not making payments if we do not get accepted for an IVA - surely the situation will then be worse than we are in? Please help - I am already at my wits end!!
We opened a bank account with Think banking and they have been useless - total waste of time. I have applied for an account elsewhere so will close the think one as soon as we get the details for that. I feel totally out of control at the moment - so any advice would be most gratefully received.
Our second choice of IP seemed a lot better - they have spent a lot of time explaining things to us over the phone... but we have not heard anything from them since Thursday? I'm now feeling very anxious and worried.
Initially, I informed them of our monthly income, priorities etc and we were left with a figure of around 950 a month for our creditors - however, during my last call with them on Friday - I advised I had got the figures wrong as I had not taken into consideration the fact that I had made a salary sacrifice for child care vouchers. I did not know exactly what the figure would be until receiving my monthly wage slip on Thursday. We are now in fact left with a figure of around £750 per month for creditors once all priorities are sorted out. At this point - I was advised that this was now probably to low to go forward for an IVA, but they advised they would be back in touch. our debts amount to 72k - 42k of which is with hsbc - then there are 6 other creditors.
I am confused as initially - when I posted on this forum many people said the figure of 950-1k seemed too high for an IVA???? So, please help! Also, the IP advised to stop paying our creditors and offer token payments - none of the creditors appear to want it - is this usual? This month is the first time we have actually missed payments - all but with 2 creditors - is this a normal situation? What happens then when we are not making payments if we do not get accepted for an IVA - surely the situation will then be worse than we are in? Please help - I am already at my wits end!!
We opened a bank account with Think banking and they have been useless - total waste of time. I have applied for an account elsewhere so will close the think one as soon as we get the details for that. I feel totally out of control at the moment - so any advice would be most gratefully received.