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Debt Relief order please help
:eek: Hi there, i have a bank loan of over £7000 and hope to get a DRO. I have just been made redundant and am supporting my wife and 2 young kids. We rent a house and have no savings. However we have a computer at home and my wife has a camera worth about £300 which she bought to try and start a photography business.…
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iva
does anybody know if although being married can i do an iva myself without involving my wifes finances as all her cash goes toward her own debts
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Scottish Trust Deeds - confused
Hi I'm new to the Scottish Trust Deeds site. I've got a few questions. I've tried to get a remortgage - I've got a mortgage and a secured loan on the house. The remortgage was with a different mortgage company but they undervalued the house by approx £25K, saying that as no houses like ours had sold since 2004 they…
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Northern Rock will only agree to IVA if..
we change our mortgage to interest only for the life of iva, which NR insist on a 6year iva. We are using cccs, they said to us originally that they would have to canvass NR first as they are our majority debtor (we have together mortgage (30k loan on top of mortgage), so that was the result, we now have to decide if we…
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Your IVA Co. Woukd you recommend them?
Hello Would you recommend to others the company that set up your IVA? Are you happy with the service, do you have any regrets? I am seriously considering this option, I do not think there is another way forward for us, I have heard a few companies mentioned here and I would appreciate any recommendations, on this thread or…
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More DRO competent authorities
Hi all, Just to let you all know that there are now 3 additional organisations who can proccess your DRO.:beer: They are; Insolvency Practitioners Association. Advice UK. Shelter. Sorry if someone beat me to it ! DD
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What's the difference
Between a DAS and a DMP other than interest is frozen. Seems a better idea than a DMP so what's the downside?? John
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Advice needed please
Between myself and my husband we have debts of nearly £26k. He is self employed, im a student we have 4 kids and do not own our own home. He has a van for work and i have a car for uni (which we both NEED) We are struggling each month to pay everything, have defaulted a few times on various debts and don't have enough…
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Failed IVA, What next
Hi all, my wife and I have just failed our IVA and are at our witts end as to where to go now, We were paying our IVA without any problems for 3.5 years until my wife lost her job in May 2009, we were unable to meet our payments and eventually our IVA was failed. Since then, my wife has fallen pregnant and I have had to…
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Anybody on here
Been on a DMP for any length of time. Thinking of going down this route myself and just wondered how others find it. I have approx £80,000 worth of debt and am looking to pay it off over the next 8 years if I decide to go this way and if they accept it. Business is slowly starting to wake up at last. John
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Debt Arrangement Scheme - Scotland
In a debt arrangement scheme (Scotland) is your house protected - ie can your house forcebly be sold to pay off any part of your debt?
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Scottish Trust Deed Question
Hope some one can answer this. I thought Trust Deeds were for a period of 3yrs, but when OH looked into the possibility it was a 5yr one that was quoted - is it to do with the amount owed?
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Please help with IVA advice
Hello An IVA is something I have very recently considered without really knowing what it means. I telephoned the first number that comes up on Google when you type in IVA, I thought they were connected to Citizens Advice but they were quick to point out there is no connection. Nevertheless I gave them my income &…
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IVA Overpayment
Hi, I need some advice from you guys. Me and my ex partner got into quite a bit of debt and are trying to pay this back as best we can. He is in an IVA which includes 2 accounts in joint names for myself with Halifax One loan = approx £8000 One current account = approx £2500 I am paying monthly amounts towards this as I am…
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Help! I qualify for a DRO but I am scared, will this affect me getting jobs or rentin
Help! I qualify for a DRO but I am scared, will this affect me getting jobs or renting houses over the next 6 years? as I am single and young with no financial stability or family to help???
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insolvency register andd iva
what is the situation if you have been in an iva for just ove 3 years yet still have not been placedd on the insolvency register and no record of the iva on a credit report?
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Protected Trust Deed - Student Loan Debt Exempt?
Hi, I have a Protected Trust Deed which is due to finish at the end of October this year. Recently I have started a new job and my most recent payslip listed £97.00 payment to the Student Loans Company. I gave them a call and they said that student loans are exempt from the normal creditors terms for a protected trust…
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Why
Why do credit companies let some people do IVA's that last for 5 years then are done and they only get say 60% of their money back? Why not make them do a DMP for the same amount they would have approved for an IVA and get all their money back?? Surely a DMP is better for them. John
