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Can you be taken to court 5 months into an IVA?
One of my friends is 5 months into an IVA and one of the debts has been sold on. Now they are pursuing her for money and threatening court action even though the debt is covered by the IVA. Is this anything to be worried about or are they trying it on? Thanks. Simon
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IVA-Does Disability Living Allowance count as income
Hi, My husband and I are currently considering an IVA. I am unemployed and receiving incapacity benefit and Disability Living Allowance. When calculating our monthly payment, is the IP allowed to take my DLA into consideration? Please can anyone help???? Thanks
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Old debt not in IVA?
hi all i did an iva in 2006, and settled after borrowing some money off a family member. i have just had a letter from an old debt in 1996 from abbey national. what is my best course of action to deal with this? and how can they not send me any paperwork for 10 years plus,than out of the blue after selling this to a new…
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When you come out the other side....
Last month I finished my IVA which is an incredible feeling. This week I received my certificate from the IP and I also finished paying off another large debt (by proxy of my father for my little house, long story) and for the first time since I was 17 I do not owe anyone a penny. (I'm 28 now) My credit report is obviously…
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Payday Loans while in IVA..HELP!
So, due to some unforeseen car incidents and other expenditure i needed to get a payday loan...i am currently in an IVA but the thing is i have fallen fowl of the payday loan cycle and i have no money once my wages are paid in...that means i need to get another payday loan to survive on and it continues...on top of that i…
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Worries about DRO
Hi All, I have been granted a debt relief order. However, I will be commencing a degree course this september and have informed the student loans company who said it does not affect my ability to be given loans and grants while on the order. What I am worried about, is that the student loans and grants will mean the dro…
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please help - dmp/iva query
Hi all, Need some help please. I have a heap of unsecured debt but have been keeping up with the monthly payments on the loans and credit cards (resulting in an even bigger overdraft!). I can't cope anymore so through CCCS have decided on a DMP, paying £450pm - paperwork returned to them so should start Sep/Oct. Their…
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IVA default with DFD - what next??
Hi everyone - I hope you can help... I'm writing on behalf of my boyfriend - here's the scenario: Dec 08 - he & his wife had a joint IVA set up with DFD - total debt £55k Jan 09 - make first payment, but wife loses job Feb 09 - they split up and contact DFD to freeze IVA for a few months(agreed) Jun 09 - boyfriend now…
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northern rock and iva
Hi, Does anyone know if northern rock are accepting any ivas? I am £25000 in debt, £20000 of it being a northern rock loan which although we are up to date on, is crippling us fianancially. We are privately renting now and this loan was from a together mortgage. We are literally living on £50 a week for everything now and…
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My IVA failed - whats next?
Hi all, I have had an IVA since 2006 and paid into it diligently for 18 months. There was a clause in the IVA that required me to pay half of any overtime back and I was not able to do this at the end of the year. I asked the IVA company to review my payments and agreement however they did not do this for the next 2 years.…
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what are the rules
What are rules on timescales for IVA Settlments. I proposed early settlment, filled out validation paperwork on the 20th July. IVA Prac suggested 11.280k figure, on 30k debt, with 19k already paid back. 3 years in. I heard nothing until 13th Aug, when letter from IVA company arrived asking for validation docs. They…
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Creditors meeting re- F & F offer
Hi everyone, I have another thread started which relates to calculating an offer to complete an IVA early however we have moved on a stage and the IVA company has agreed to put the offer forward to the creditors. I was wondering if anyone would be kind enough to share their experience of the response received from their…
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Iva?
Hello, I am a single parent of 3 living in my own home ( although not on the mortgage, my ex pays the mortgage) I currently receive IS, CTC and CB. I am due to start a course where I will get a bursary. I estimate that after all my expenses I will have approx £300 left over for my debts. I currently have approx £20,000 on…
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iva vs br
we have had a joint iva for 2 years, including a variation due to change in circumstances. We are facing a further reduction of £400pm in income. Have no assets (2 cars value £1000 each). We are having to use food/clothes money to pay car repairs and veterinary bills as allowances are too small. we have 4 children, 1 at…
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5 Weeks Till maternity Leave Offered Lump - no response from IVA
Hello. I have an IVA, been paying into it for 2 years and am off on maternity leave 28th september. I contacted 2 different people to offer a lumpsum payment and had to pester the one to even confirm my email. I owe total £10,000 and after having to tell my Dad , and getting an earbending at 33 years age, dealt with the…
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IVA Newbie in confusion - please help
Hi all, I am new to this all so please be gentle with me ! My husband and i have struggled with approx £40K debt for the last 2 years on cards which we used to keep our family going whilst watching our small business flounder, he drove as much as possible for an agency and I work as well as look after the children . This…
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hopefully straightforward post IVA question
If an IVA lasts for 5-6 years and after that you can repair your credit would that mean it is then clear to be rebuilt or is it another 6 years til it is clear? My IVA advisor said after the debt was paid and within a relatively short period of time to save a deposit ie a couple of years (I will be working full time again…
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Question....
Does anyone know with an IVA when you do you yearly review does your IP and creditors ask to see statements? Just wondered if they want to see penny for penny proof?
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online
Aww no - just 'googled' my name out of curiosity and there I was - listed under the court that my IVA was agreed in... feel sick that it gives out my full name and address ... managed to come this far without telling family members- think I'm going to have to now as they will find it also as they are regular users of the…
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Husband's IVA & My Credit Profile
Husband entered into an IVA in Jan 2007 and all going OK so far. One of the debts was for a bank account that was initailly his account but then I was added to the account as he was prone to working away from home and in case I needed to have access to his account. This account was in arrears for £1600. In December 2007 I…
