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Obtaining new mobile contract on DRO
Hi all. I broke my phone some time ago and have been borrowing one from a family member, and my provider is now saying I’m due for an upgrade. It would be nice to get my own phone and give back the one I’ve borrowed. Would taking out this credit effect my DRO? I understand you have to tell the lender about it, if you…
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IVA questions and help!
I'm 3 years, 4 months into my IVA and have a few questions about up coming milestones. The first thing to highlight is that my wife has been given a decent pay increase and would like to put that extra money either into the mortgage or do some work to the house (there are issues in the bathroom and the roof). She says it's…
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Hanover Insolvency
I am in an IVA with Hanover which is due to end in June. I need to give them my new debit card details but every phone number I have tried is out of order and my emails to several different addressees are bouncing back. Does anyone know if they are still operating? Thanks in advance. Lorna
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Iva or Dmp
Hi everyone I’m looking for some extra advice please? I am currently liasing with PayPlan and they have suggested to me an Iva. I have 65,009 unsecured debt made up of loans, cards etc I am full time working , have a mortgage of 130,000. I am 53 struggling now meeting payments with cost of living, energy rise, mortgage…
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Discharged from IVA
Hi all, I'm terrified at the moment. Just before Christmas I was discharged from an IVA. The debt consist of 4 CCJs worth 17k that I'd foolishly racked up when I was a student about 15 years ago. I maxed out credit cards and overdrafts and moved house various times unaware of the implicatiobs in the long run. These…
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From F&F Day to Hooray - my journey from IVA to closure & beyond
Hi all, I just wanted to post a little bit about my personal journey ref: IVA (non-mortgage) at F&F point til now. So back in May, after much deliberation and research I decided to approach Sprout Loans for an ‘IVA Settlement Loan’. I asked many questions and pontificated for a week or so before I hit the button. At the…
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DRO - sale of asset.
During a DRO moratorium, is the sale of an asset considered to be income? Please and thankyou.
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sending iva reports to credit agency
did you have to send your completion certificate to the credit agencies
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Iva advice
I am I am considering starting an Iva via step change and I am just after any advice from anyone who has been there/going through it. debt is between 20-25000. DMP not recommended due to the time it would take to repay. im worried about my budget not being accepted with the IVA and how it may effect my bank account (bank…
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end of Iva
i got my completion certificate but im a little confused if i get a windfall now do i still have to notify my IVA company
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Iva completion
I paid my last IVA on the 29th July when am I expected to get my completion certificate. Thank you
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DRO and 'cost of living' payments.
While awaiting a reply from The Insolvency Service, can anyone point me to definitive/official guidance on how the DWP 'cost of living' payments affect DRO? I'm wondering about a situation whereby receipt of them increases assets to more than £2k, and also 'appears to suggest' having more than £75 'spare' income each…
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Dro and hmrc
Hi, my problem is with hmrc and a dro. Can any one tell me if the wording in a completed dro be amended. HMRC are named on a dro but is worded as VAT and not tax credits. I was wondering if insolvency service can change wording, I am awaiting to hear back from them insolvency service but want to know anyone as had any…
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Ending my IVA
I'm 54 mounts into a 72 month IVA. I'm not sure if my options I could see the IVA out but I'm worried about the equity release and having an extra 12 months. The IP tell me the it cannot be extended by 12 months in one breathe and then that it can in the other. I'm tempted to borrow the money and settle the IVA early. Will…
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Help and advice please :(
Hello I lost my job some time ago and now I can't afford to pay my debts. When I was working I was able to pay my monthly fees, etc, because it was a fairly well-paid job. I took a small payment holiday with some creditors, however, I still have loads of debt. I am currently making a minimum payment to each creditor (what…
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IVA advice
Hi, I entered in to an IVA with credit fix a few years ago, I have 16 months remaining. Looking back on it now, I don't feel that I really understood what I was getting myself in to, I was young and financially immature back then. I'm now in a much better paying job and easily keeping up with the monthly contributions of…
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IVA extension help please
Hi We are at the end of year 4 and due to mortgage increases, gas and electric etc etc I've asked if we can reduce our payments from £200 to £150 I submitted all our income and expenditure details and just spoke to someone who said this change would mean a meeting with the creditors and a 12 month extension, is this right?…
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Waiting for barcode
Thank you to everyone here, you've been such a great help and consolation while navigating something I never thought I would have to. I've applied for a DRO through StepChange. I had an email asking me to call them about a query over income. I had to phone the DRO team whose lines are open 9-5, mon-fri, which is a bit…
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SOA for DRO
Hi, I am just after some pointers on my SOA to check if anything stands out as glaringly incorrect! I live with my partner, her 2 children plus my 2 children live with us 50% of the time so the figures i have posted are hard to set in stone. My partner is on UC and contributes £500 to cover bills (rent, CT, food etc) which…
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Chances of having a DRO revoked due to new job?
Good morning, I’m in the process of applying for a DRO after I lost my job in August and have been on JSA since then and been unable to pay my debts (23k). I’ve only ever worked in very low paid jobs, and the vast majority of the household income comes from benefits (tax credits and dla for my son). I’m really worried that…