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iva questions. newby
hi im about to go to the cab and speak to the national dept line about an iva ive 50k of debt, mainly due to a remortgage on the house. about 5 years ago. i just have a few questions. if i get an iva then sell my house, current value is 330k and i owe 265k i pressume the money i get off the house will go to pay the debt…
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Thinking Ahead
I have an IVA, but potentially need to relocate where I live to get my daughter into a decent school in about 3 years (3.5/5 years of the IVA done). Does anyone know what happens if you rent somewhere else and rent yours out, assuming you would move back into the property at some point. Obv I would try and match expenses…
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Process at the conclusion of an IVA
Hello all, Nearly five years ago I entered into an IVA after making silly finanical mistakes in my youth. My IVA finishes in November this year, and I am just after some information / advice from those that can help. 1) - When the iva finishes, what happens to my credit rating? I have not applied for any credit and the…
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A little knowledge needed
Hi, Does anyone know or may be able to give a little advice. the house is being repossessed and has a secured loan attached, there will be a mortgage shortfall as in negative equity, so this then turns into a unsecured loan am i right and so would the secured loan as there will nothing for it to be secured against once…
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Advice on Debt Settlement Programme
Hi to you all, This is new to me so hope i'am posting in the correct place and sorry i dont know all the short lingo yet. We have been in touch with moneyexpert.com through an ad on aol and are thinking about entering into a DSP Debt Settlement Programe (SEEMS TO HAVE MANY DIFFERENT NAMES, DMP ALSO) As this is new to us we…
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Dro question
I have been reading some information on DRO'S as I think this might be the way I have to sort my debts out. The info states that your debts must not exceed £15000 but mine do. Do you have to declare all your debts or can you just include those up to £15000 and leave the rest off? Probably a silly question I suppose as it…
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Still getting hassling from creditor despite IVA
Good morning Here I am again grumbling about my IVA. It went though in October 09. One of the debts was a large credit card balance which, while I was waiting for my creditors meeting, was passed to Calder. Calder have rung my mobile every single day, sometimes twice a day. I have contacted my IP three times regarding…
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A bit of advice please.
I was just after a bit of advice. If my DH entered into a DMP or IVA would my wages or the house etc be taken into account? We've only just got married and the house is mortgaged in my name only. After paying all the bills I don't have any money left to help him out as well, but I do pay things like the mortgage myself.…
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Promotion at work and IVA proposals
[FONT=Verdana, Arial, Helvetica]Hi, Further to previous threads where I've been proceeding with an IVA with Payplan, I've had some good news at work where I've been given a promotion. I've informed Payplan of this and am waiting for details on the financial implications. I suspect I'll now have around ~£250/month more to…
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Equity Release
I have just entered my 4th year of IVA. I was wondering if anyone has any recent information regarding the current availability of adverse credit mortgages, maximum LTV etc.
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help! IVA annual review due!
Hello, just wanted some advice as I am worrying about this a bit! I've got my FIRST annual review due with Payplan soon and was wondering what documentation they ask for? Obviously payslips, but was there anything else? also, I have had a pay increase of £100 a month, am i correct in thinking that they will want 50% of…
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Affordability in an IVA
Now I know that really if your income changes then you should pay more, but recently my car HP finished after 5 years, so I was wanting to get another car, but being within an IVA am I able to get finance? If I can prove my affordability will it pass or is it likely to be automatically ditched due to the IVA? That being…
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IVA Approved today! :o)
Hi Not posted on here a great deal but had vast amounts of help reading other ppls posts and the replies from the odd ones I have posted. Anyway, we've had our IVA approved this afternoon and wanted to thank National Debt Line and Grant Thornton 'cos without them we'd still be drowning in our £50k+ of unsecured debt.…
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Advice needed please re debt missed from IVA
Hi Please be kind. I need advice. I have been in an IVA since October. It is in my name alone but I included a £360 joint overdraft that was in mine and husband's name. Or so I thought. It appears to have been missed off and stupidly I have not noticed until now. I called my IP who said to send them a copy of the bank…
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advice on full and final settlement
Need some advice, started IVA in may 09, we had about £19,000 worth of debt, we pay £207 a month and was wondering roughly what sort of figure would be accepted if we were to offer a final settlement?
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mortgage help needed please
Hello, I'm a newbie and wanted some advice please! My husband and I took out a repayment mortgage 2 years ago and have never missed a payment. However, last May I entered into an IVA. Our mortgage deal ends soon and we really want to stay with our current lender and move onto another fixed rate mortgage, but I'm concerned…
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Offer accepted!
I've just had a F&F offer accepted on my IVA!! The offer was £1,650.00 together with Dec, Jan and Feb's normal contributions. Question though. In Feb's pay packets I received a bonus - an additional £550 (after tax). Will I therefore still have to give them 50% (£275)? Or does the fact that they have accepted my offer in…
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Certificate of Completion
My last payment for my IVA was at the beginning of January and I official finished in the begining of February. I still havent had a certificate of completion and I still havent seen my credit report updated. How long should I have to wait?
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My SOA- Enough for a DRO?
Hi all, I have £13,000 unsecured debt and would like to apply for a DRO. Here's my SOA- Please tell me what you think (i.e are any of the numbers too high and likley to be rejected?) According to this i have only £17/month surplus which meets the criteria for DRO (along with havign no assetts and owing less than £15k)…
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relocating, IVA's and secured debt
Hi, I'm new here, I entered an IVA in October 2009 with £51000 of debt. I also have a mortgage and a secured loan against the property. The current valuation shows me to be in negative equity and with the loan, very negative equity. My company is in the initial stages of relocating, the building is still being built so I…
