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Basic bank account after DRO?
Hi Just wondered if it's possible to have a basic bank account (with debit card) after having a debt relief order Natwest said it was fine to keep the basic account, as long as no debt was with them (this was a branch manager) Is this the case?
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How long do Debt Relief orders take to sort out?
My friend has just sent all his stuff off to CCCS, and is now wondering how long it will take to go through He's disabled and is now being sent letters by creditors who are adding fines left, right and centre on to his account How long should is take to be sent the bar code to pay the £90 and then how long after that to be…
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IVA - getting a bank account
I have recently separated from my husband. The IVA is in joint names. We have a Easycash Halifax basic account which is in our joint names. I have applied for a separate Easycash account and have been declined 3 times. The Underwriters will not overturn the decision. I have also approached post office (on the advice of…
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settling advice please
Hi I have two years left to run on my IVA, My div was 62p in £, on unsecured 37k ith £511 monthly payment. I have no equity or property etc and I also have to date zero contact with my IP, it has all been done via forms. The company even changed hands during IVA so not sure if I changed IP too. I have a family friend who…
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Unable to pay IVA due to redundancy, what are my options?
Hi I am due to be made redundant in September and have decided that I am going into full time university study and have been accepted. Will I have to pay my redundancy to my IVA company? I have a redundancy quote of just over 2 grand In september I will be 3 years into my IVA. Obviously, when I become a student, I won't be…
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IVA lump sum - what's the deal?
Hello - please help! I heard that you can offer a lump sum to creditors, through the IP, to settle an IVA. I am one year through a 20k IVA (repaying 9k) and have the option of borrowing a lump sum from a family member. I thought rather than waiting another 5 years to complete the IVA, I could offer them the 9k up front and…
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what do i do now?
Hi MSE'ers, In March 2006 my partner entered into an IVA with Debt Free Direct (DFD). Included in the IVA was our joint account that we held with Natwest with an OD of £650. On 1st April '09 I received a letter from Natwest (addressed to me only) demanding £1038.68 for the joint account. I contacted them immediatley and…
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Selling/Renting my property with IVA - Advice please!
I have had an IVA running for just over three years with no problems. However my personal circumstances have changed and I may need to relocate. My IVA was in the region of £40K. I have a mortgage on the property I live in which at the time of taking out the IVA was worth approximately twice the amount of the mortgage.…
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How do we change IVA into one name
I have been in an IVA for three years with my husband, most of the debt was his I put a car loan into it so that he could get the IVA, we are now going to try to divorce, I want him to take on all the debt I have paid more than my fair share, can it be changed into his name alone and the house be taken out of the mix as…
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Finding out if a company for an IVA is legit?
Hi, This is probably a really silly question but.....How do I find out if a company offering IVA's is any good? We've been looking into IVA's and we might be able to get some help from a firm and we'd like to check them out before we go any further. Like I said - probably a stupid question but any help would be much…
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Future planning with IVA
Hello All Probably a bizarre question but I like to be as prepared as possible. Due to a marriage breakdown and my ex just basically doing a flit and not paying any joint loans etc, I am in financial difficulty. This has been going on for over 2 years now. I have a couple of questions re IVA as follows: 1) can my…
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IVA questions - too good to be true?
So, after a lot of deliberation, and believing we could work through it ourselves, we have decided to apply for an IVA. We have contacted ClearDebt, who said that an IVA will suit us (which of course they would....) and have sent us the pack to get all our details. We gave them our expenditure and our debts over the phone,…
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Can I apply for an IVA ??
Can I apply for an IVA ? I have 2 CCJs and never missed a payment, however, i was taken back to court last week and the Judge made a "Forthwith" order, which will now allow the creditor to apply for a charging order aginst my property (which is in negative equity),, Therefore.. If I have a Charging Order against my…
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Just got IVA paperwork through and have a question
Hi all, I have just got the proposal for mine and hubby's IVA through this morning and have a question regarding our landlord. They have said that because we live in rented accommodation our landlord is classed as a contingent creditor for any future rent liability. However as we are not in arrears and have excluded the…
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IVA affect tenancy application
Hi all, I'm about to apply for an apartment through a letting agency, and on the form it asks if i have any adverse credit history... which i do. I had an IVA but it fell through when i couldn't make payments. Is this going to be a major problem do you think? Thanks
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Considering a Debt Relief Order
Hi there all, hope in posting this in the right forum- i figured a DRO and bankruptcy are similiar. Ok so i have unsecured debt of 9000, rent of 953 a month, plus council tax of 118. My partner and I are both unemployed due to losing our jobs and we are almost out of credit. My partner does not have a crdit history due to…
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Bad advice from Payplan - who can help?
Have had a DMP with Payplan since Feb 08. They have repeatedly failed to communicate within Payplan & with me. Had statutory demand a couple of months ago and decided to go for an IVA. At which point they should have lodged an interim order, but didn't and now have petition for BR. The creditor who has petitioned was not…
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Dro advice needed
Hi just after some more advice- had my dro granted on the 16th of june, i sent in my soa for the job i was doing then but i have since been made redundant .This week i managed to get another job that pays slightly more per wk but still keeps me under the limit but i now have to pay more in c-tax ,rent travelling etc .what…
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Which way
Approx £80,000 unsecured credit card debt, no other debt. £2,050 regular monthly income between us. £90,000 equity in house. Need about £1,600 to live on essentials only. Run a business which even in these times brings in approx £1000 per month and it will eventually rise to about £2,500 - £3,000 when the economy gets…
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Need to start an IVA - please help
Morning everyone I was planning BR but on investigating the process further have had to change tack and am now planning to go for IVA. A few months ago I contacted Pay Plan who advised I was eligible and I will be contacting them again as well as CCCS. Meanwhile, however, can anyone please advise exactly what happens, what…
