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About knowledgesercher

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  1. Thanks dx Please could you send me the best link? Also, if I manage to get back more than my balance remaining on iva would this mean a refund? I'm very disappointed with iva support since my redundancy, they seem to have become a credit control team and are constantly asking for updates and payment Thanks again!
  2. Dear allPlease can you help me with some advice/ tips?I have a history of large credit debt, ( many credit cards, consol loans, payday loans, ) and following a failed dmp, I entered into a 5 year iva (equity clause applies)The iva is large 73k is the total debt and so far only 63k is proven.The iva proposed that I pay 81p in the pound and this was agreed.In Jan of this year I had paid 32k but was made redundant in Feb & paid the windfall demand of 19k , so now have paid in approx 53kUnfortunately, due to stress from previous job & debts I am looking for another job but my health has taken a turn for the worse and I'm having to have treatment.I contacted my iva firm to ask if its possible for F&F settlement and so far they have given me 3 different amounts of what is left to pay ( 7k, 16k & more recently 50k? and that my payment to creditors had increased to 100% due to my redundancy) I queried the 50k stating that this would mean total has exceeded my original debt by 27k?.Additionally I have been in contact with Fin Ombudsman to ask if its possible to claim refunds on payday loans (30% of my iva balance) and they advised that it was although my iva firm did not advise me this on joining. Also, FOS have said its also possible to claim irresponsible borrowing from cc firms too if they had checked properly that I could afford to pay the credit back.Is it too late to star these reclaims & also would any refund be classed as a windfall and go to my iva? If debts are wiped out by creditor would this reduce the original total of my iva and mean less to pay in?My other thought was to maybe see if I can get a F&F agreed & then reclaim afterwards.Sorry its so much info but any advice is much appreciated Thanks
  3. Thanks for the reply. Yes I contacted PP and they guided me through the process but I was anxious at the time to get a deal in place so did not check items you mention. Is it too late to do that? I did mange to get some ppi back but that was offset against iva balance Thanks
  4. Hi there, I am currently in a 5 year IVA and completed 3 years so far Appox 30% of IVA was payday loans and I am now seeing many ads from no win/no fee companies claiming that they can get back not only roll over interest but more compensation too? Please can you advise if this is a good thing and also if its possible to do this while an iva is active? Thanks
  5. Thanks Andy So if I can transfer my plan to one that offers flexi drawdown income, I can withdraw upto 25pc tax free and leave the rest invested? I'm not sure but it looks as though Aviva are allowing customers to set this up without a financial adviser? Thanks again
  6. Hi there I just turned 55 and looking to take upto 25 pc of my pension pot. ( tax free) it seems to be a lot trickier than I thought and was hoping for some tips please. my current provider (aegon) advised that my plan does not offer 25% tax free and told me to get a financial adviser or go to their site retirready? - I looked on this site and its more confusing all i want to do if possible is take 25pc tax free and leave the rest in a plan so do not have to pay any tax Any help is much appreciated thanks!
  7. Thanks fkofilee, unfortunately there are a few as follows:- money shop uncle buck peachy quid 24 cfo lending mini credit wonga total home loans quickquid 247 moneybox liquid advance quid.co.uk mem Rgds
  8. Hi Over the years I have been living on credit and had many cards/loans, trying to juggle the payments, and then got into a payday loan spiral. Regret all that happened and now am in an IVA Today, I received an email from Wonga saying that my debt is wiped out and no more to pay which is great news. Please can anyone advise me if other payday lenders are doing the same or best action to take to get these debts wiped or reduced too? Thanks in advance
  9. Hi!! I am trying to sort out my finances (many unsecured debts) and had to call up some dcas to get current balances. The one that looked after amex cc advised that it had been returned to amex and i should call them. I called and they advised that if i was wanting to set up a payment plan they assign to another dca and I would hear from them by end of week. Today, I received a letter from Amex stating they were willing to accept 40% and write off the 60% remaining as debt forgiveness? There is a time line to call them back I had not heard of this before and wondered if anyone on the forum could advise and if this is too good to be true? Thanks!
  10. I have a call with one of the free debt help companies this week to discudd my finances and suggest possible solutions. My finances are out of control and need to do something Some of unsecured loans have been secured by charging order on my property which is mortgaged. My unsecured debts are high ( approx 50k) and secured excluding mortgage is 15k I have heard that you cant include secured loans in a dmp or an iva so if the company advise an iva /dmp what woul stop these other companies trying to secure all their amounts too? Also, many of my debts have been moved from one company to another but have noticed Natwest have not sent me any reminders or chased payment in over 2 years. Also , they are not showing on my credit report as default payments. Is this a good thing? Any advice is appreciated Thanks!!
  11. Kensington just replied to my complaint letter where I had asked for the 50.00 monthly fees to be reduced. ( the balance was 3500.00 but they admitted they had used incorrect figures on the statement for a 18 month period so wiped out interest and fees down to a balance of 1200.00) I called them and they confirmed that of the 1200.00 remaining that this included 14 x 50.00 fees plus interest which I then complained about asking for this to looked at too. They replied stating that as my loan was a secondary charge on my property and not a mortgage, it was under the consumer credit act and therefore these charges were fair and they had only been fined for mortgage fees in the past. I advised them that 50.00 was still too much for a computer generated letter but they advised that under cca this was ok. They offered to wipe out 200.00 of the fees if I would sign a compensation form?? and enter into a repayment plan. I advised that I am not signing the form and would take advice. Please can anyone help on this? Are they correct about these fees as they keep stating? Thanks
  12. Hi dx I just managed to a Q&A from NR that came with their letter. One question is: why did NR sell my loan to Marlin? The answer: in accordance with NRAM long term strategy to manage its closed mortgage and loan portfolios nram will consider selling parts of the mortgage and loan portfolios if it is in the best interests of the taxpayer. NRAM sold part of its unsecured personal loans to marlin europe and the proceeds from this sale have been used to directly repay the NRAM goverment loan, Does this help? Thanks!
  13. Hi dx Thanks for your reply, I have not asked for either of these at the moment. Marlin have not mentioned the ccj or the old amount agreed by the court but are asking that i complete a income and expense statement. When I mentioned to them that there may be an existing amount agreed by the court, they seemed surprised and advised that i sent them these details too. Thanks
  14. Hi there, I had a 10k personal loan with Northern Rock but fell behind on the payments due to financial difficulties. NR issued a ccj and at court it was agreed that i pay 19.00 per month but the loan became secured. I kept these payments up for a good while but then , stupidly let them fall behind. Now Marlin have taken over the loan and I received a letter from Mortimer Clark solicitors (same address as Marlin) they say that they want to get my property valued with a view to pushing for a sale. Please could anyone advise me the best thing to do? Would my original ccj of 19.00 still be in place or due to arrears has become invalid now. I regret missing the payments on this and Marlin have given me 10 days to respond. Any help is appreciated Thanks!!
  15. KM are still insisting I pay a balance of 1200 which they confirmed on the phone includes 14 x 50.00 late fees plus interest. I asked them to review as these charges have already been deemed unlawful. They were willing to deduct 50.00 as a gesture of goodwill. ?? As they already have reduced 2800 from the balance do you think I should stick on this or go for more reductions of these horrid fees? Thanks in advance
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