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Early stages of IVA worries
Hi. We are in the early stages of setting up an IVA via CCCSVA but are really worried about how to make token payments to our creditors while waiting to get things on track. We have our second telephone meeting with the CCCSVA IP next Friday but we have bills due before then. My husband rang the Co-Op to try and find out…
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Just in process of starting IVA - CCCSVA
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HELP!!!! IVA, credit checks and getting new bank account.
I have an IVA and this has been running for nearly 4 years, I want to check my credit history but don't have a credit or debit card. I also want to open a new bank account with a debit card. How can I check that my credit history reflects the iva and that its being paid? please help!!!.....
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Considering IVA or DMP - Non profiting partner quandry
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Please help ..feeling confused !!!!
Hello Everyone. This is my first post on this very helpful website !! My husband and I started our IVA agreement in March of this year. we are with payplan. Everything is going well at the moment. We have just been asked to send off our payslips on a quaterly basis, we have not got a problem with this but are just…
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IVA and Car written off
Hi there, so, 4 months into IVa and everything going well, but my car has been in a bad accident and has now been written off. I need to buy a new one, just not sure what the 'rules' are regarding letting the IP know and what I can spend. EG - paid out £1500 from insurerers, but if my sister GAVE me £300 towards a new one…
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IVA & a Joint Bank Account
I am just about to apply for a IVA with 23k worth of debt. Does it matter that both mine and my partners wages are paid in to the same bank account? Even though we don't live together? The debt is all in my name and nothing to do with her. Also Debitfree Direct have advised me to write letters to all of the credit card…
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Length of IVA and early settlement -any ideas?
Hello, I have been in my IVA for four years it was originally set at 60 months.Due to life up and downs i had it extended to 72 months so i could reach the original dividend.Low and behold Within three months of the extension i received a promotion at work and was able to return to making the original monthly payments, but…
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IVA, the "Common Financial Statement" and funeral expenses
although nearing the end of our IVA (originally with DebtMatters, then transferred to PayPlan) I have been trying to find out what 'categories' are on a Common Financial Statement as I have encountered a couple of things which have left me a bit baffled. Last year we put on a sum on our income/expenditure form for our…
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IVA and protection from default by my ex.
Hi, am total newbie and hoping you can help. My ex partner and i have a mortgage shortfall on a joint loan. I have made preps to pay off my half of this shortfall over a period of time (total debt is 60k), but have concerns over my ex partners capabability to make all his payments, I am very worried that the building…
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Advice regards what to do with cash
Hi Everyone, I am currently in an IVA. I have just gotten an new contract with a new company and I am making more than 2.5x what I was at my previous job. Now I am almost two years into my IVA. My IVA is only small (sub 20k) and on reflection it was a super bad idea. However.... The amount I am paying V the amount that is…
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Debt Relief Order - right for me?
Hi there, I've been looking up debt solutions this morning and I've come to the conclusion that a DRO might be right for me, but I don't know a great deal about these things and I'd like some advice from those who do! I'm starting university in September and am 20 years olfd. I completed 1 year of university in 2008, and…
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IVA and hiring a car
Is it possible to hire a car when on an IVA? I sometimes have to hire a car with my job . I use my credit card to book it, then I have to produce the same card that I booked on when I take hold of the car.I always get the money back. My question is if I go on an IVA will I be able to hire a car.I am hoping to get a pre…
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quick q...do you have to be in arrears to do iva
As headline says...other half is only just scraping by to give CC and loans the min payment..he is going to struggle soon as divorcing and he gets nothing...so does he have to be in arrears or can he start an iva now ? Thank you
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Debt Relief Order - has anyone done one & could i please have some advise
Hi I am currently looking in to doing a debt relief order & I was wondering if anyone has completed one & if you have any advise please. I was working really hard to pay off my debts but I have now gone on maternity leave & I know I will be struggling to pay off my debts now I have managed to get them down from £14,000 to…
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Bank account
Why are we penalised if in an iva , we can only have basic bank account . In this day and age it is extremley dangerous to keep on going to cash machine to draw out money and have to carry cash around with you . I have a pre pay cash card but again you have to withdraw money out to put on , so you are carrying cash around.…
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New Insolvency Figures
The Insolvency Service have released the latest insolvency figures today. As you can see you are not alone if looking at an IVA http://www.insolvency.gov.uk/otherinformation/statistics/201008/index.htm
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Charco - Q ref IVA
Hi Charco, firstly let me thank you on the behalf of all the people that youve helped with advice over the last few years. It's always very helpful to have info from someone who deals with these things on a daily basis. Just a quick question from me re full and finals. I'm into my final year now and paying about £1k per…
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so confused with iva and insolvency fund
my job has been terminated in the past few weeks but im in need of answers that no one seems to have to start off i know the amounts of basic entitlement so no need to go into that however there is still a few questions my employer was a sole trader, he stopped trading without giving me notice one day when someone who was…
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How to improve my credit rating after a DRO
I have currently got a DRO debt releif order, which is due to end next month. After that my debts will be written off. I am interested to know what state my credit rating will be in after this and how i can improve it ( not that im wanting anymore debt or credit) but i just want to start afresh and get my rating back on…