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Is IVA the option for me?
Hi All ive read a bit of the info about IVA's but wanted some advice. My partner and I are considering an IVA as we have £30,000 of unsecured debts. We have only missed a couple of payments on these but were getting more debt every month to pay it off until we cant get any more credit. (Stupid I know) Im just wondering…
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IVA Urgent Advice
My ex partner is in serious debt and it is getting worse each month. Basically she can't handle her money and because I can't afford to help her without getting myself in serious trouble. Now since we split she owes me £5000 which I had lent her, now she is paying me back an amount each month and is worried if she IVA's…
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Can you add debt to an already approved IVA?
Morning All, Yesterday our IVA was approved thankfully! However a couple of questions have arisen this morning due to an email I've received. 1. I had a loan with PayDay Uk which are meant to have been included in the IVA - I'm sure they have been but it's all a tad confusing owing to the fact that some of the Creditors…
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Creditor meeting today! Iva approved!!
Oh I am soooooooo happy and relieved and had the most amazing fun tonight ringing Payday Express who have put another £200 ish on top of my debt in charges, that it had been approved! They answered the phone asking me if I was ringing to pay it and I had great pleasure in telling them "nope, I'm ringing to tell you my IVA…
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Creditor Meeting set for Thursday 20th Jan - Advice Please
Hi all, We have our Creditor Meeting set for 3.30pm on Thursday 20th and we have been told to make sure we are available for when they phone us. Please could I inquire from people who have already been through this, what sort of thing they may be ringing about and what questions they may ask? Just so I can be prepared?…
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IVA & School Governor
Hi, we are 3.5 yrs into our IVA and everything going well and finally got our lives back. But now and again the IVA rears it head.... My other half would like to apply to be school governor but application form has declaration that says 'I am not subject to an order made under section 429(2)b of the Insolvency Act 1986 (e)…
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Result!! Got to keep bonus and pay rise!
Just sent in my quarterly pay slips to payplan including my annual bonus (£180) and payrise from recent promotion (works out to about £150pm extra after tax). I was fully expecting them to contact me asking me to pay them half of my bonus and potentially do another I&E due to pay rise. Instead of this I got the normal…
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dro and my bike. help please
hi thankyou everyone for all your help yesterday. I will shortly be applying for debt relief order. i qualify , phew. I have a scooter that the dealer i purchased it at originally valued it at £800 tops. so according to rules id be ok keeping it. its my lifeline and helps get me out and helps with the depression etc. its…
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Can you really get a mortgage after an IVA
Awaiting for my final IVA proposal to be completed, however the more people I talk to in similar situations the more people say that BR would be a better option. I do not have a mortgage at the moment however I would like to own my house in the future. The reason I chose IVA over BR is that I run a Ltd company and…
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IVA's and Credit Files
I started my IVA in October 2010. What will it say against my creditors name and should the date be the start date of the IVA? If it isnt, do I have to get it changed? Who are the main credit reference agencies I need to check? Any other advice welcome
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IVA nearing end
Hi, i am coming to end of iva, ends in march i believe, yesterday i recieved a letter from 1 of the people included in the iva, saying thanks the debt is now cleared, is this usual, am i to expect a lot of letters through the post in the coming weeks from other creditors saying the same thing, and what is the procedure…
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Credit Checks
I have a Natwest current account with cheque book and debit card, which I opened just before going into an IVA (asked for a basic account -- but they opened a cheque account -- no overdraft facility though). I want to open one of their e-savers accounts, but am worried they will do another credit check, which will not be…
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IVA - Help
I am in the process of looking to arrange an IVA - I have been speaking to National Debtline and they passed on my details to a firm. I spoke them this week and they stated I would need to increase my monthly repayment from £200 to £300 to be accepted. (I am also paying £12500 as a lump sum payment). In total I will pay…
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IVA and being a guarantor
Hi all, would like to say that this forum and the people who offer advice is top-notch and has been very helpful in helping my wife and I understand the awful situation her mam seems to have got herself in financially. :T A brief summary, the mother in law has racked up quite alot of debt, how much i'm unsure as we find…
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Full and Final IVA
Hi, I need some advice. We have debts of just over £56k,most in my name a couple of small things in my wife's name(she didn't know, I thought I could sort it,kept hoping overtime'd come back). I got into a mess,salary dropped a lot and basically I used credit to try and keep things going-debt spiral,the mrs is devastated.…
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Iva income
Hi i have just moved in with my partner into her council house. I had to sell the house i lived in with my ex wife at a loss to get rid of it otherwise it would of been repossesed. I have just had an Iva agreed which is a weight off my mind to say the least:) The Iva is just in my name but my partners income has been used…
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Help.
has anyone here ever gone into counselling for there debt problems? no offence intended before anyone shouts! just curious as i wonder if a IVA or even BR sometimes NOT always has a deeper issue behind it rather than a change in circumstances,etc. if we don't want a repeat of the situation we must look at where we are from…
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Santander Preferred Credit?
Hi, After years of burying head in the sand, and relying on new credit to carry on I have realised that my husband and I have joint unsecured debts of £61 k (not including mortgage). Rang up Paypal and they said could look at DMP or IVA, after reading these boards rang Melaine Giles and have started the process with them,…
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F & F Offers Whilst in IVA?
Hi I was previously in a DMP but Paypal advised an IVA, so I started an IVA in November 2010. My mother had previously offered to give me lump sums to offer f & f settlement offers to creditors as and when she was able to. Now that I am in an IVA, could I still take advantage of her kind offer and offer f & f settlements…
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After an IVA gone through
Hi, Just need a bit of advice, ill do the short version so I dont bore anyone. In Nov 2006 my then fiancee and I were moving house and couldnt get accepted for a new mortgage on my wage alone as she was self employed. Her father stepped in and the mortgage went in mine and his name jointly with no mention of her on the…