Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • Mollie_Guinness15
    • By Mollie_Guinness15 19th May 17, 9:15 AM
    • 156Posts
    • 79Thanks
    Mollie_Guinness15
    IPA - IPO duration
    • #1
    • 19th May 17, 9:15 AM
    IPA - IPO duration 19th May 17 at 9:15 AM
    What happens if you disagree with an IPA amount and they get it turned into an IPO. Does the IPO run for the remainder of the 36 month IPA term, or can the term be extended?
Page 1
    • debt doctor
    • By debt doctor 20th May 17, 7:36 PM
    • 4,035 Posts
    • 5,694 Thanks
    debt doctor
    • #2
    • 20th May 17, 7:36 PM
    • #2
    • 20th May 17, 7:36 PM
    Hi,
    Presumably if you disagree with the IPA then it will never start and thus if the OR goes to court (rare) and obtains an IPO then the IPO will run for 36 months from when it starts.


    If you had already been paying an IPA and then later disagreed with the OR and ended up with an IPO then the combination of the IPA and IPO would run for 36 months in total.


    No IPA or IPO or combination of the two can ever run for more than 36 months.


    DD
    Debt Doctor, Debt caseworker, Citizens' Advice Bureau .
    Impartial debt advice services: Citizens Advice Bureau Find your local CAB *** National Debtline - Tel: 0808 808 4000*** BSC No. 100 ***
    • LincsPaul
    • By LincsPaul 20th May 17, 7:59 PM
    • 70 Posts
    • 24 Thanks
    LincsPaul
    • #3
    • 20th May 17, 7:59 PM
    • #3
    • 20th May 17, 7:59 PM
    Interesting if the OR rarely goes to court, if they try and grab that 'spare' £20 they find in your SOA to try and tie you into an IPA you could just play hard ball and say no?
    • debt doctor
    • By debt doctor 20th May 17, 9:38 PM
    • 4,035 Posts
    • 5,694 Thanks
    debt doctor
    • #4
    • 20th May 17, 9:38 PM
    • #4
    • 20th May 17, 9:38 PM
    Interesting if the OR rarely goes to court, if they try and grab that 'spare' £20 they find in your SOA to try and tie you into an IPA you could just play hard ball and say no?
    Originally posted by LincsPaul
    Absolutely yes! - no one should accept an IPA of £20 pm - or £100 pm for that matter.
    DD
    Debt Doctor, Debt caseworker, Citizens' Advice Bureau .
    Impartial debt advice services: Citizens Advice Bureau Find your local CAB *** National Debtline - Tel: 0808 808 4000*** BSC No. 100 ***
    • LincsPaul
    • By LincsPaul 20th May 17, 10:24 PM
    • 70 Posts
    • 24 Thanks
    LincsPaul
    • #5
    • 20th May 17, 10:24 PM
    • #5
    • 20th May 17, 10:24 PM
    Absolutely yes! - no one should accept an IPA of £20 pm - or £100 pm for that matter.
    DD
    Originally posted by debt doctor
    Good advice. I may be in touch once I've found work
    • Mollie_Guinness15
    • By Mollie_Guinness15 22nd May 17, 10:20 AM
    • 156 Posts
    • 79 Thanks
    Mollie_Guinness15
    • #6
    • 22nd May 17, 10:20 AM
    • #6
    • 22nd May 17, 10:20 AM
    Thank you
    • roughsea
    • By roughsea 22nd May 17, 7:55 PM
    • 64 Posts
    • 12 Thanks
    roughsea
    • #7
    • 22nd May 17, 7:55 PM
    • #7
    • 22nd May 17, 7:55 PM
    Im going part time and for sure not risking an IPA
    • Mollie_Guinness15
    • By Mollie_Guinness15 23rd May 17, 11:33 AM
    • 156 Posts
    • 79 Thanks
    Mollie_Guinness15
    • #8
    • 23rd May 17, 11:33 AM
    • #8
    • 23rd May 17, 11:33 AM
    The new IPOQ is certainly more lengthy than any previous ones I've had.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

5,065Posts Today

9,272Users online

Martin's Twitter
  • Byebye! I'm about to stop work & twitter, to instead spend glorious time with Mrs & mini MSE. Wishing u a lovely summer. See u in 10 days.

  • WARNING Did you start Uni in or after 2012? The interest's rising to 6.1%; yet it doesnt work like you think. See https://t.co/IQ8f0Vyetu RT

  • RT @JanaBeee: @MartinSLewis Boris is the anomaly (coffee), the others are versions of normal (beer). Lots of same candidates = vote share d?

  • Follow Martin