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Advice Please
I am feeling truly peeved today. A few months back I managed to forward 2 windfalls over to the company who manages my IVA. I decided to contact them today to see if I would still need to pay an additional £915.00, they said was owing due to bonuses and overtime. I was truly surprised and irritated when informed that I…
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Help needed
Hello, I an currently going from one day to the next not sleeping and changing my mind as to which is the best course IVA or Bankruptcy, I am in despair and I think my main stumbling block is that I am a homeowner and I fear that I will lose my house and myself and husband and children will have no home. Please can anybody…
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Debit card with IVA?
Hi I am going down the route of a IVA and I will be needing to change bank accounts. Now I would need a basic account with no overdraft but I would need a visa debit card as when I travel for work I have to pay for things and claim it back with a debit card slip. Are thereany accounts out there? ( other than Lloyds TSB!)…
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debt relief order help
hey.. i heard about a debt relief order earlier.. i dont quite understand the bit available income of under £50 a month, after the deduction of normal expenses does that mean after i have paid my rent/ct/gas etc or everything including loans etc. also can i keep my tv which is on hp and my washing machine? can i keep…
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Need some advice please
Hi all , im new to the forum and could really do with some advice please. My husband entered into an IVA on 9th dec 08. On of his creditors, Natwest, have been sending letter after letter about his personal bank account. He had an unauthorised overdraft of around £500, which incidently came about as Natwest have charged…
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Swapping IVA for bankrupcy?
I've got 2 1/2 years left on my £55k IVA, but it's just too damned hard. The thought of not getting a proper holiday for another 2 1/2 years, no real Christmas, it's really getting too me just now, so I'm considering ditching the whole thing and going bankrupt. I initially plumped for IVA because of problems the…
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Calculation For Early Settlement ???
Hello. Could anybody help me on the above? I put an offer in (4500) to close an IVA (9750 left) and just wondererd what the process is when they say they have passed the calculation for early settlement to my insolvency practitioner. I paid all my fees up front (at least I think i did)
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iva creditors keep chasing
i have had an iva for 3 months now, things have been ok except that barclays mercers and calder fincial keep phoning us and threatening us with sending people round to us. They say they have not receivied any information about iva, yet debt lifeboat have sent them copies at least 10 times. This is upsetting my family , as…
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IVA - Is it an option for me?
Hi, I am new to this side of the forum!! Usually am hovering on the Debt Free Wannabe side!! I am currently administrating my own DMP. I did used to be with the CCCS, but then decided to go it alone, and it has been ok. My current debt is at £26k down from £35k - i have been on a DMP for a while now! But am starting to get…
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dmp / iva - whats the difference?
I have just completed CCCS debt remedy online and they recommend i do a dmp, please can somebody explain the difference between this and an iva? they sound very similar (sorry if i am just being stupid) Thanks
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iva /dmp - what's the difference?
I have completed CCCS debt remedy online and they have recommened a DMP for me, can somebody explain the difference between a DMP and an IVA? they sound very similar to me (sorry if i am being stupid) thanks.
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Feel sick with worry
Hi, just after some advice/shoulder to cry on. After discussions with CCCS looks like the only way forward is IVA. We have been through all our finances with them and they have sent through a pack with everything detailed. Just waiting for our telephone appointment next week with IVA. people. We originally had £265 a month…
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HELP!! IVA firm owe me!!
ok long story short... my partner had a loan then got into abit of financial problems and couldn’t keep up his payment and the financial problem got bigger, he went to citizens advice and they advised him to set up a IVA and so he did, he paid this for 3 year with no breaks or problems. just after 3 years he wanted to know…
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Short-Term IVA and Credit File
Hi all, Bit of a "stab in the dark" type query if I could. I entered into a short-term IVA in January 2007. The IVA was agreed to run until August that year at which time I would pay a substantial one-off payment (from redundancy) and the IVA would end. All was completed as agreed and all payments were made without any…
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Advice please - DRO surplus income
Hi, I start uni next week and will be either applying for a DRO or bankruptcy for £10K of debt. I understand that under a DRO you cannot have more than £50 a month of surplus income. My query thought is that my student loan is paid quarterly into my account so whilst it is to last the quarter, I will for two months have…
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What is an IVA
If I was to go for an IVA do they clear just unsecured debts? I have a mortgage and a secured loan on my property which I can manage it is just the £30k of unsecured debt that I am struggling with.
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IVA and creditors
Hi, I'm new to the boards so please bare with me. My husband (and I) are in the process of applying for an IVA. Unfortunately, it's taking longer than anticipated as the company got most of our details wrong and mixed up (as it has been passed to 3 different case workers) and now they have to redraft our paperwork and…
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Debt Arrangement Scheme (DAS)
Hey. Read a few posts, and researched the Debt Arrangement Scheme, but still have a few questions which I hope you experts can help me with! :) First question, are assets taken into account i.e. a car. Second question, who calculates the monthly repayment amount? i.e. Me, or a Money Advisor? Third question, is the length…
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DRO help
hope this is the right place 2 questions on dro`s(debt relief orders) 1)can catalogue debts be included? 2)can you continue to have your existing current bank account(no overdraft)for paying d/debits etc? thanks John
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iva question
Hi peeps Would a loan of say a month old be ok to include in a iva? me and the missus are getting back together and need debt management asap but worried about the loan she has taken out since the split? cheers
