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IVA & DRO

Archives for August 2009

Getting house valued for iva
Hi every one myself and my partner are currantly with the CCCS setting up a IVA. We have been asked to get a valuation done by a local estate agent who is coming this week as they need written proof my question is how do i get a written valuation with out the estate agent clicking on to the fact im not going to sell as…
I need help: DRO
Hello All! I am very new to this forum but was reccomended that I get some advice by my Mom. I am a recent graduate who had been unemployed for over a year now, I have struggled to find work and pay off over-draft/loan/credit card. My debt is now at £5000 which is hard to pay off when my income it limited to £40 a week. My…
Help, I'm really struggling with my IVA.
I am struggling to pay my IVA each month at the moment. Can I reduce the payments each month? Can I end my IVA early without becoming bankrupt? Bankruptcy, although probably would be better for me right now, is not an option as I am going to be going for a CIMA qualification next year.
IVA with Non contract job?
Hi Main question is whether it is possible to do an IVA while working as a supply teacher without a fixed monthly income or contract. In a lot of unsecured debt - £70k - from previous years supply teaching disposable income works out +£400 a month. Currently living with girlfriend who owns the house and I pay rent. Since…
applying for student loan if you have an IVA
My husband and I are both 3 years into IVA's. The reason we went into debt in the first place was that my husband was signned off work with depression, he has now been off work for 7 years. My husband has been accepted onto a university course starting in September, our problem is how we are going to pay for this....Does…
Urgent help needed
My aunty currently has an IVA agreement with her creditors and under the terms of the contract had been honoring the monthly payments. However, recently she has received a couple of letters from her creditors saying that she has missed her payments and has not been honoring the terms of her agreement. She had a look into…
Is bankruptcy possible?
I am new to this forum and need some speedy advice. I have been given an offer of an IVA at 87% which seems very steep to me, leaving myself and my partner with a small amount each, each month. We don't feel we can get by for 5 years. I asked IVA provider to leave us a little more each month and they said this was not…
DRO's and Experian
Someone applied for a DRO through our office. They met the criteria, but debts were at £14870, so very close.All our applicants are given an Experian form to check their file for free but client chose not to. DRO was processed, and rejected as Experian showed debt level to be £1550. It came about that there was an error on…
Need to do a DRO
I think i need to do a DRO i have about 3,000 debt mostly catalogue, I am single unemployed and likely to be so for some time i fear. I havea very small amount of savings which i need as the housing benefit keeps messing up and i am having to pay my rent form that have about two months worth of rent left in my savings. I…
Question re mbna and iva application
Good afternoon I have just applied for an IVA through Debt Free Direct. Approx. 30% of the debt of £40,000 is wth MBNA. Does this mean my application is doomed to fail? I have the most terrible knot in my stomach and just need to see some light at the end of the tunnel. TIA for any responses.
scottish trust deed home equity
hi folks looking for a bit of advice i am currently 1 year in to a 3 year 6 month trust deed. i have 2 queries 1 i have just completed my annual review and whilst completing it there is a section on the equity of my home. this states i have to deal with this either before or at the end of my trust deed. as my home is in…
IMPORTANT - Beware of advice via PM
Hi. I've had a few people recently tell me that they have been approached via PM by people/persons seeking to give advice on and recommend IVA's. If you receive a PM of this kind, or are suspicious of motives, then please report any PM and poster immediately to:…
IVA Creditors Meeting this morning.. I'm terrified!
Hi all, Well today is the day! Hubby and I have our creditors meeting today and I am terrified! It is al 11.30 and I am counting the seconds! Since the IVA paperwork was sent to our creditors, we have had hardly any phone calls, is this a good thing or a bad thing or does it mean nothing! lol Wish us luck and I will post…
Debt Relief Order
Hi i am about 3,000 in debt on JSA single private renting no assets need to get a debt relief order and was planning to do this as my debts are getting the better of me as only getting 50 a week JSA. But got 6,000 compensation unexpectedly two months ago which has been used to pay money back and buy essentials for kids.…
DFD failed iva but 7k taken in fee's???
my wife and i have just failed an iva with DFD after paying in just over 7k over 14 months. i lost my job, we defered payment for 3 months (aproved by them) but still no perm job....so its now failed..... but of the 7k we have paid them £0 have gone to our credittors!!!:mad: we have just spoke to cccs and given then the…
IVA-Is it the right choice?
Hello. Im new to the board and a bit worried with things. I have 4 debts with various places, and it adds up to about 10k. I have been missing payments with some, to get others back up to date, and its just getting out of control now. To make things worse, i lost my job last week. Im in such a quandary, and don't know what…
DMP advice
Please can someone help me. I am going through a DMP with payplan and am having some trouble with nationwide. I last used my account about a month ago and nationwide won't agree to payplans offer because I have used my card recently. Does any have any advice or suggestions with regards to this? Any help would be…
Will all my Credit Co's start chasing their money if I cant pay my IVA Money anymore
Hello. I have tried to make an offer to my IVA and not one person has responded. The 3rd party funds were from my DAD and now he wants to pull out as the money can be used for something else, so now I have nothing at all to pay. :confused: Im off on maternity leave in 4 weeks, and will not be able to pay due to having no…
DRO Question
Hi all Im looking to do a DRO as my debts are under 8k. All Debts are in my name. Seperate Bank Accounts from my wife. I own a car less than a £1000 (used for school run kids are at 2 different schools and looking for work) Im unemployed and have been for over 1 year (only get my stamp paid) Wife works part time Wife has…
Looking for some advice please?
Hiya, I'm hoping someone can give me some advice. I'm posting on behalf of my best friend who is extremely upset over this. Bit of background. Her mum is about 8 months in to an IVA paying £425 a month. My friend signed a form at the point of the IVA saying she is giving her mum £565 in keep a month which covers the iva…

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