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Ip Threatens To Cancel Iva .... What??
Good evening. I entered into an IVA last April and have been paying into every month without fail since. This weekend I have received, what I feel to be, a rather strong and somewhat threatening letter from my IP, threatening to cancel my IVA for the following 3 reasons 1. Failing to complete and return the Electronic ID…
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Hmrc ?
Does anyone know if during the period of the IVA you can 'offset' the IVA payments against your tax returns (set-off of payments)- no idea what it means but its worded that way in our proposal?
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A positive action you can all take
Hi everyone. I did something good this weekend. I joined a credit union. You don't often see them mentioned on here. No idea why really. It is a great idea, its a lending and saving co operative. By the people, for the people so to speak. It's basic function is to provide credit to those deemed "unwanted" for whatever…
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Getting a FTB mortgage after an IVA
Hiya Not sure if this is the right place for this, so feel free to move it if needs be. Havng been discharged from my IVA (long story short - had to take on out due to illness, couldn't do BR because of job) for 18 months, getting married this year, and having saved like a minx, I am ready to buy my first place. I am…
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Discharge from IVA
Hi,I am new to this site so please be a bit understanding. My son was discharged from his IVA at the end of October 2008.He had kept to his arrangement faithfully,he was paying £300 per month.He has been in the RN since May 2007.How can he build up his Credit Rating ? Any advice would be helpfull. Thanks joe
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churchwood
hi all my partner is currently in a dmp with churchwood iv bin reading on here that ya can get the same thing for free how would be go about this and wat would we say to churchwood sorry if i seem thick but i dont really know much about these thing any advice gratefully recieved
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Overpayments on Mortages during IVA
Quick question. As the interests rates have gone down and i'm moving on my SVR soon, which is a lower interest rate than the fixed one, i was wondering if overpayments are allowed during your IVA? Have been payinh x amount for 2 years now, can afford it and have worked it into my budget during the IVA. I would like to keep…
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IVA or DMP??
Hi, I am in a quite considerable amount of debt (not through frivolity but a career plan that changed) as documented here: http://forums.moneysavingexpert.com/showthread.html?t=1245793 After doing much research, I'm now at the point where I don't think bankruptcy is the best option for me. I am now strongly considering a…
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Our SOA. Comments and advice please!
Me an my wife have got ourselves in a bit of a mess financially and are thinking of going for an IVA so would appreciate some comments please. Below is our SOA at present. We got in a mess last year when we had at extension done on our home. We borrowed the money from equity in the house, but then ran out of money and…
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basic bank accounts
am entering into an iva, need business and personal bank accounts, anybody any suggestions?
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Bank Charges and claiming at the end of IVA?
I am currently in the final 10 months of my IVA. When I get to the end of it, can I try and claim back charges for the 1 year previous to going into my IVA even though it would be mostly against Lloyds who were my major creditor? I know that most of my charges came in the year just before I went into my IVA, would they be…
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IVA?? Which company??
Hi all. I have looking at an IVA for some time no and have tried to avoid it by alternate means of sorting out my finances. This hasn't worked and 12months later I'm in more debt and really struggling to pay and now missing payments for the first time as there is no money left. I owe. GE money £11000 (part of money paid…
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New on here and desperately need some advice
Hi all, i will get straight to the point, me partner and i entered into an IVA in august 08 with 27,000 debt, arrangement was to pay 266 a month, however i have not returned to work after maternity leave as company closed down and not been able to find anything at the moment, also my partner has had a reduction in hours…
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IVA or Not - That is the question?!?
Hi Wonderful People! I'm new the forum but after looking at the good information I decided to give it a go... Basically here's the story: NR (Together.... cough..) Mortgage - Balance £92000 Secured Loan - £32000 Car HP - 12000 NR Together Unsecured Loan Portion - Balance £14000 Credit Card - £700 (14.9%) Credit Card - £680…
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IVA - Getting married, will I give partner bad credit???
Hi There, I have an IVA that is due to end next summer. I got into the debt and the IVA before I met my partner. We have booked our wedding for this October and I have started to worry about the impact of the IVA. We live in rented accommodation and I give the IVA company yearly budget reviews. Will my bad credit affect my…
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not sure what to do
Hi I spoke with the cccs today about my DMP basicly I owe about £23000 now and at my current rate of paying it off £165 a month I'm looking at another 11 years, I have had advice about going bankrupt before and was going to do this year but now i can afford to pay more a month from 105 to the now 165 so i have been advised…
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income tax arrears ,can it be added to an iva?
hello everyone, i am in scotland so i know laws are a bit different ,but basically oh and i have a mortgage and we have just been hit with 10k back dated income tax ,along with that an overpayment of tax credits which could work out around 7k also over the last 3 years ,things were tight enough without this ,but basically…
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What To Do! - Bankruptcy or IVA with ex-marital home in question
Hello. need a little advice from you guys! Sorry its a bit of a story as to what I'm currently going through... I have approximately, £80k unsecured debt, half this debt is from a failed business that I gauranteed with the bank many years ago, currently with a lot of pressure from creditors. I'm employed in a new job on…
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Iva Rescue?
We keep getting phone calls from 'Richard' at the 'British Association of IVA Consultants' - great name for what sounds like a body trying to cash in on the misery of debt. The very nice and Australian sounding guy tells me that the IVA has almost certainly been mis-sold since there was no privately owned property or…
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IVA good idea for me?
Hi there. I have got myself in to a pickle and am considering taking out an IVA to put an end to my debt problems. I owe aprox £30,000 which is spread about on various credit cards, overdrafts, loan and store cards. I also owe aprox £20,000 on my student loan. It is becoming next to impossible to meet the payments and I…
