Hi everyone
I finally received my draft proposal for iva from step change today. They seem keeping the time schedule they said how long it would have take so far which I am very happy.
The proposal is £122 per month which is 15.14 p for £.
My creditors are barclays card, creation, vanquis, aqua , marble and capital one.
Are they likely to accept this kind of offers which is below 20p for a £. ?
Last edited by Oya on Fri Mar 10, 2017 5:02 pm, edited 1 time in total.
I have seen a lot lower dividends accepted. You might walk to work when the weather is good, or you are on time, but you need the ability to pay for travel in bad weather or when you need to get there faster.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Foggy wrote:I have seen a lot lower dividends accepted. You might walk to work when the weather is good, or you are on time, but you need the ability to pay for travel in bad weather or when you need to get there faster.
Last edited by Oya on Fri Mar 10, 2017 5:03 pm, edited 1 time in total.
Foggy wrote:I have seen a lot lower dividends accepted. You might walk to work when the weather is good, or you are on time, but you need the ability to pay for travel in bad weather or when you need to get there faster.
Foggy wrote:I have seen a lot lower dividends accepted. You might walk to work when the weather is good, or you are on time, but you need the ability to pay for travel in bad weather or when you need to get there faster.
I don't eat at work as well. Would creditors check that I know it's a funny question .
The creditors themselves rarely check and will rely on the details supplied by the IP. They might, at times, query the amount or suggest a smaller amount for a particular allowance, but it it rarely a big change.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Foggy wrote:I have seen a lot lower dividends accepted. You might walk to work when the weather is good, or you are on time, but you need the ability to pay for travel in bad weather or when you need to get there faster.
I don't eat at work as well. Would creditors check that I know it's a funny question .
The creditors themselves rarely check and will rely on the details supplied by the IP. They might, at times, query the amount or suggest a smaller amount for a particular allowance, but it it rarely a big change.
There are allowances such as meals at work which some people reduce to pay for other things which are not allowed. You will eat at work even it is a sandwich and there are other costs such as collections which we all get at work.
Public transport can allow you to visit friends or family even if you do walk to work so provided the amounts are reasonable then nothing wrong in my opinion. Affordability is the most important thing not how you spend each and every pound.
Michael Peoples wrote:There are allowances such as meals at work which some people reduce to pay for other things which are not allowed. You will eat at work even it is a sandwich and there are other costs such as collections which we all get at work.
Public transport can allow you to visit friends or family even if you do walk to work so provided the amounts are reasonable then nothing wrong in my opinion. Affordability is the most important thing not how you spend each and every pound.
Thank you for your answer. they put £30 for travel and £25 meals at work.. but next to the travel there ıs a note saying transport needed thats why i was confussed. Should i get that note removed or leave as it is?
I would ignore it as it is £1 per day for travelling. Everybody has to go somewhere sometimes so I doubt if creditors would ever have an issue with this. It probably covers the cost of a bus ticket in your area and as Foggy says sometimes it rains.
Michael Peoples wrote:I would ignore it as it is £1 per day for travelling. Everybody has to go somewhere sometimes so I doubt if creditors would ever have an issue with this. It probably covers the cost of a bus ticket in your area and as Foggy says sometimes it rains.
It cost over £7 to get to next town by bus you are right there.. The only think ı was worried she put a note ı need transport to get to work that sounded as promised to me. I think i will leave it as it is.. thank you so much..
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
