-
The 'have you ever had an IVA' question
Quick question - do you have to declare your IVA for ever on forms?
-
HSBC and iva
Hi I was wondering if anybody out their has had an experience with iva's and HSBC as I looking to get an iva but have read that HSBC are quite intolerant of them ie closing accounts. I don't have an account with anyone else so would need to find another bank that would be more tolerant to an iva
-
Making sure settlement offer is forwarded
Is there anyway of checking or making the IVA people pass your settlement offer on? I get the feeling from the chat with them that they aren't really keen, mainly due to the fact that they won't make as much money I guess? I thought they had to pass offers on or do they decide if is good enough or not?
-
IVA or bankruptcy?
Hi, we have had our meeting with CCCSVA today in order to go through everything for the IVA and just need to get our documents together. However, me and my husband have been talking it through more and more tonight and are wondering whether we should just declare ourselves bankrupt? The main reason for going for an IVA was…
-
New to IVA
Hi all, thank god for this forum. It's helped me so much to realise I am not alone. I am in the early stages of an IVA. I've been advised by National Debt Line and I'm now just waiting (and ignoring the phone!!). I have a debt of £29k. I have sent off the IVA forms to National Debt Line (about 3 weeks ago) and in that time…
-
CAB suggested DRO
I had an appointment about 3 weeks ago with my legal aid department of CAB and was suggested a DRO would be in order for me, but to act quick as I am at £13k at present, interest and late payment fees will soon pile up. I have yet to hear back, was told some info would be in the post to read up on and understand. I rung…
-
iva full and final settlement
i have just offered a full and final settlement to my ip they have rejected it because they said that over the term of the iva i will only be paying back 15p in the pound instead of 19p the iva has been running for 18 months i have offered to put in an insurance policy that is maturing they are now saying i have to put…
-
iva
Hi everyone, I have been an avid viewer of this site for a long time. I have looked through older posts for an answer to my question and as yet have not come across it. Can anyone tell me how long realistically it takes to set up an IVA if you are self-employed. How long could i be expected to wait? What is the longest…
-
IVA paperwork stolen
Hi, hope that this is in the right place and that someone will be able to give some advice. Myself and my husband setup a DMP with Baines & Ernst at the beginning of December, but are now in the process of switching to an IVA. Baines & Ernst sent one of their couriers round towards the end of last week to pick up our…
-
Family Member in financial trouble
Hi, A family member has run into some trouble, she only told us very recently, but she owes around £6,000 to a variety of sources, very roughly as follows:- £700 bank overdrafts (I suspect unauthorised/exceeded) £1500 some catalogue that comes through the door £500 store card £2200 sub-prime credit cards £1500ish rising…
-
Advised to go for a DMP - would I be better with an IVA?
Hi, I've been advised by CCCS to go for a DMP as opposed to an IVA. I owe: Credit Card £4,600 Credit Card £18,300 Personal Loan £13,600 Personal Loan £3,541 Overdraft £2,400 The DMP would be for £579 a month and take 6 years and 4 months to pay off. The DMP appeals as there's the possibility I could pay off more whenever I…
-
Do i have to pay my redunancy money to my iva ?
Hi, I have had an IVA now for around 2 yrs, there is a chance i could be made redundant soon from my job of 12 yrs, what i want to know is do i have to pay any of my redundancy money to my iva fund ?, my plan is to go self employed if redundancy does happen so i will need my money for set up costs etc associated with any…
-
Mortgage after IVA
Due to the recent financial climate i was wondering if anyone has recently completed an IVA and obtained a mortgage, im due to complete mine in May this year and know I have to wait another year for it to drop off my credit report but wondering where I go from there?
-
IVA adivce
I have been looking around at information regarding IVA's and cant decided if it would be the right path for me so any advice would be great, I owe around £15000 in credit cards £8000 loan and constantly going over my overdraft limit. I dont tend to miss payments but I am struggling with day to day costs of living, I am a…
-
DMP to IVA
Hi.... I am looking for some advice. We have unsecured joint debts of approx 70k (9 creditors). We have been doing a DMP through Greggory Pennington for the past 5-6 months (not all our creditors have agreed to this yet, but have stopped hassling us). Based on what we pay per month this will take us approx 30 years to…
-
Inheritance, IVA and solicitors
Hi all, I hope you can help, as I think I’m in need of a little advice. Last year (around June) my fiancee lost her grandparents, who she had looked after during their illnesses, living with them in their home for around 10 years. Following the will reading she was advised that they left her half of the inheritance - the…
-
Seriously considering an IVA but unsure whether it will go through.....
Hi all. I have just received my IVA pack from Baines and Ernst. We have been accepted for the IVA over the phone and now have to fill the forms in. On the form, bank statements and credit card statements are asked for. The thing is, my credit and bank statements show quite a few deposits to poker and gambling sites (maybe…
-
Iva
I hope somebody can point me in the right direction. For the past 6 months we have been paying credit card companies a minimal amount agreed with them. My wife and i are struggling to continue these payments we are wondering if the iva route is best. We owe 70k on various cards and loans and have equity in our house of…
-
Reposession hopes?
The Mortgage company have just written a letter which is to notify us their intention to instruct their solicitors as we are 5k in arrears. So they have finally got the ball rolling. The house, mortgage and everything that revolves around the house is in my parents name. They currently live abroad and the reality is that…
-
DAS or IVA?
I am currently on a DMP through CCCS - this was started in August 2009 adn up until now things have been ok. Came home from work tonight and received court papers!! ARGH!!! I am really stressing about this now!! Originally we saw a money adviser who said we could manage to struggle!!! i knew we couldn't this is the reason…
