Article in Independent today (Sat)

NekoZombie

This article seems to be very poorly researched. For example, students can no longer write off their debt - this is a loophole that was closed years ago.

EDIT- Ah, I see everyone else has been ripping the article apart too. Good!

North_East_Derbyshire_CAB

Hi all

Just read this 'article'

Had to look at it a couple of times to actually believe some of what I was reading, you know lepers, undisciplined, lazy and all that, what is she talking about?

To be honest I then felt like checking my diary just to see if it was still 2008 and not 1708

We could challenge a lot in this article but it looks like you posters have already laid it to rest, mind you it would be interesting if Kate Hughes would give her views and opinions on here, dont you agree?

NED-CAB Paul.

wherediditallgo

Slightly off-topic, but I think I've only just realised we've got another CAB employee here. It's really good to see another CAB staff member here, as professional advice while people are online is always going to be helpful. Welcome to our home, Paul.

scootw1

It did get one thing right though. You don't end up with a clean slate if you are in an IPA and can amount to still owing quite a bit if you end up with a hefty IPA

rog2

scootw1 wrote: »

It did get one thing right though. You don't end up with a clean slate if you are in an IPA and can amount to still owing quite a bit if you end up with a hefty IPA

That is, certainly, true, scoot. Equally, as in my case, if you have equity in your house and need to 'buy' your beneficial interest from the OR - I will be paying for the next 20 years.
However, even with an IVA, particularly one managed by one of the 'IVA factories' there is often a clause that obliges you to 'release that equity' after 4 years. So I guess there is really no 'easy way out'.