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IVA & DRO

Archives for March 2009

Advice on IVA company
We have finally decided to head down the IVA route due to the fact my wife would lose her job if went BR. We have been in touch with Debt Free Direct to make initial enqs but having read some posts we are a bit concerned that this might not be the best company to go with. Does anyone have any experience of DFD or others?.…
Is this IVA really an IVA?!
In July 2007 I was set up with an IVA with Payplan. I have no assets but was advised this was my best option. I have since found out that not one payment I have made has been sent to my creditors because one of them has failed to return a Proof of Debt Form in the last 20mths. What implications if any does this have on the…
Scottish Trust Deed - badly advised!
Hi, I'm looking for some help. I entered into a Scottish Trust Deed 3 years ago and have been paying ever since. When I entered into the trust deed I was 21 years old, had just lost my mum to cancer and was not in a position to be making important decisions! The debts I had at the time were large but in hindsight I could…
scottish trust deed was settled jan 2003
i had a scottish trust deed, which after 3 years was settled on jan 2003, and which i have the discharge papers for. i do believe my record has been wiped clean, as we are now 6years on. but yesterday i received a letter from mackenzie hall, saying they have took over a Marks and spencers loan of £8465.01. this loan was…
IVA'S & charging orders
Hi Does anyone know if you are able to add a debt that was unsecured but is now a charging order secured on our house on to an IVA? Thanks
Nationwide cashcard account - IVA
Hi everyone, I need some help before my head explodes!! We are thinking about an IVA at the moment. My first question is there any difference between Payplan and CCCS? Also I have been advised to open a basic account.....so I went into Nationwide today about their cashcard account and told I can apply by post but when you…
Can my bank close my account?
Hi Moneysavers I have an IVA in place but opened my new bank account before it was agreed and put in place as I knew my existing bank would no longer want me! I have a good account up and running with First Direct, it is in credit and always has been and I have never had any problems with this. I do not have an overdraft…
Debt Relief Order factsheet
Hi guys Just spotted a new factsheet from National Debtline: Factsheet Debt Relief Orders The only omission I spotted on a quick read-through is that payments towards the £90 fee can be made at Post Offices as well as Payzone outlets.
Failing an IVA - What next
Hi, if I allow my IVA to fail can I approach my creditors myself and ask them to allow me to pay them directly. What happens when I apply for bankruptcy, will they start taking all my money and I'm back to square one. My car is worth around £1200 but its needed for John whose got arthritis. That is really all we have.
Nearly 4 years into IVA
Hi, i am currently in an IVA with payplan, which is due to end June 2010, my current repayments are £364 a month. I contacted them last month because my husbands hours dropped from 40 to 24 due to the current manufacturing problems, and they sent me a I&E form to see how we stand, after completing this, our surplus income…
http://www.ivawatchdog.org
is this company legit or one of those many dodgy ones that get in touch via junkmail? thanks
Please can I ask a little advice about IVAs?
Hi, My husband and I have, over the last 11 years, been slipping further and further into debt, and have got to the point when we can't meet all the payments on time anymore. We have stopped using credit (except for the overdraft - but only because we can't afford the £500 to pay it off), and we find ourselves with no…
IVA or Debt Management Plan
Hi, My boyfriend has a lot of debt and its been hard working out the exact extent of it, sadly it totals around £55K. The majority of it in a Lloyds loan worth £37k - how they have allowed him to have that UNSECURED I will never know. Anyway, he has been withdrawing cash over 3 credit cards to try to make minimum payments…
Somebody please reply, I'm so scared about review
Hi, Someone please reply to this query. I am so desperate, I feelI'm on my own, totally. I agreed to an IVA in 2007 and I think I was "hooked". I was originally told my repayments were £270, even then I don't believe I gave an accurate I & E because my head was all over the place in constant fear. A few weeks later there…
Where's my Completetion Certificate????
Hi All. I enterred into an IVA arrangement with Payplan in 2003 and completed the repayments last December. 3 months later I am still waiting for a completion certificate or something that I can pass on to reference agencies to inform them of it's successful completion (and hopefully start to improve my credit rating).…
stuck and very down
Hi I have been looking through the forums and seems there are alot of people in the same boat so i apologise if my post is one of 100 the same. basically in 2006 i started an IVA i pay £714 a month and now earn 1700 per month. I have had a baby 3 months ago and just find that this is too much, to be honest i found it too…
Cancel IVA proposal before creditors meeting
Sorry - had to delete
lots of IVA questions - advice appreciated!
Hi there My husband and I are considering an IVA. Is there a calculator anywhere that would tell me what I would need to pay for £35,000 worth of debt? Do my creditors have to accept the IVA? I'm a bit blind on all this and would appreciate and advice or any pointers to a helpful company/website. Thank you xxxxxxxxxxxxxx
Husbands IVA
Hi can anyone help me please. After racking up countless debts in his own name my other half decided to go foe an IVA. Although he was convinced that it was the best thing to do I was unsure as at the time his name was still on the JOINT bank account. I did ask him to make sure that nothing could bounce back on me as the…
DRO - question.....
I've read it's aimed at people with debts of 15k and less. My question is, and this may sound stupid, but if me and my ex wife have a joint debts, in both of our names, of £29,158.98, would we qualify??? Obviously there'll be amillion other criteria, but just wondering if a joint debts count? rgds!

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