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Failing IVA
This is my 1st post so please be gentle... I entered into an IVA with Debt Free Direct in April '08 with debts of approximately £28000 & agreed payments of £402 per month over 60 months, the creditors wanted £507 but I had recently received notice from my employers that my role would end (basically forcing me to accept a…
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Just finished my trust deed and need help
Hi, My trust deed has just finished and my wife and i never missed any of the 36payments. When we signed into the TD the house had no equity and we paid £500 each to have the TD secured. The house during the 3yrs in the trust deed has gone up in value and we now have approx 40k in equity...can anyone answer the following…
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IVA and starting a family
Hi My husband and I (both in our 30's) have been on a DMP with payplan for the past 3 years. We pay £672 per month. This was due to end 2010, then Jan 2011 now its March 2011. The scary thing is, that the figures that payplan have got on the Justabank website, and what the actual figures are that we owe, and so very much…
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can the overtime be included in an iva
We are in the process of going through with an IVA however was told that any overtime worked will be taken into consideration and a percentage will be taken.How much can they take from us,overtime at the moment is quite regular and it helps for christmas and birthdays we have a 6 and 7 year old.
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Cutyourdebt.co.uk
HI Everyone!:A This is my first time here. Has anyone used Cutyourdebt.co.uk? I found them via one of the cashback sites I have been using. I have 5 credit cards, 1 overdraft that I need to sort! My work contract has just finished and I'm on the net trying to set up my website to earn some cash. I have learn't alot from…
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IVA turns into nightmare
Please bear with me on this, my story is fairly long but has an important message for anyone considering an IVA Back in late 2006, I got myself into financial trouble. Getting desperate, and with no idea of the help available, I set up an IVA with Debtmatters, paying a set amount of £332 per month, meaning that out of an…
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IVA debt not included
I wondered if anyone could help, a friend of mine entered in to an IVA last year paying a one off fee rather than spreading it over the 5 years, since then a letter has arrived from hillesden securities for a debt that was not included in the IVA, my friend had written to hillesden acting on behalf of citifinancial in 2007…
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Help! Will my redundancy money be swallowed?
Hi, I am a new poster and need advice on my dire financial situation. I was about to proceed with an IVA when I was unexpectedly made redundant. This has given me the equivalent of two months wages. I work in quite a specialised field and know there is very little real prospect of finding work in the current climate. I…
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Recent;ly Seperated Husband Doing Iva - Help!
My husband has recently lest me an dour 2 kids and moved in with another woman. I have a loan (only started in jan 09) for £9000 with Lloyds who we also have our current account with. We have a joint loan of £18000 with Tesco (started Sept 08) and my husband has a lloyds loan of £19000 (the 1st payment has not even been…
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Right to Offset - Grouped Banks
Hello, I am in the process of setting up a DMP and have tried to set up a parachute bank account. I have a loan with RBS and have attempted to set up an account with Natwest. As the latter is linked to RBS should I avoid concluding the application with Natwest? I am concerned by a banks' "right of offset" and take any…
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IVA Questions
My debt is £18k and just spoken to Baines & Ernst(??) who think this may be the right way to go. My student loan (old style) means it comes £25k which I know can't be included but is part of my expenses (£157 per month). I've not been managing on current income and have reverted to credit and payday loans to get by…
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IVA or DIY? Advice please
I stumbled across this site when I used google to look for one of my creditors address. One thing that caught my eye was a statement about it being illegal if companies come at you for debts over 6 years old, on my credit report it says that my files with each creditor have been updated until 1/2/09, but with these…
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Iva Or Bankruptcy.. What A Mess!
Hello all, I've not posted here before so be gentle! Basically I've got myself into a complete mess, and yes some of it is my stupid fault. I'm not proud of it, but i am where i am. I've read similar posts but not quite as complicated as mine.. and havent found any answers either. I'll try and explain without going into…
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I've completed early - can I clear my credit rating?
Hi I started my IVA in Sept 06 and it was due for completion in Sept 2011. My circumstance have changed dramatically over the past 2.5 years, primarily from a financial perspective, my salary increased by £10k, I always kept my IP informed of my circumstances and my IVA repayments increased accordingly, I also made…
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I've completed early - can I clear my credit rating?
Hi I started my IVA in Sept 06 and it was due for completion in Sept 2011. My circumstance have changed dramatically over the past 2.5 years, primarily from a financial perspective, my salary increased by £10k, I always kept my IP informed of my circumstances and my IVA repayments increased accordingly, I also made…
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IVA @ bank charges
:confused: If i claim my bank charges and credit card charges back will i have to give them to the IVA people And if i pay my IVA off early will i be liable to pay them any more money........
