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DRO and benefit backpay question
I am thinking of doing a DRO, have £4k debt but no longer in a position to pay what I was. I have put in a claim for Income Support but it got declined, am currently going through reconsideration/appeal. Although I work 8 hours a week, I should get between £20-40 a week IS, which should be backdated to December, same as…
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Token Payment
Hi Im just taking the plunge with an IVA through Payplan, and i'm currently at the first "making a token payment" stage, I usually pay al my bills online so this writing cheques thing is all new to me lol Anyway, where do i send the cheques to, some statements say do not include correspondence with your payment, but…
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Creditors voting - who would decide MBNA or Link?
I know MBNA are renouned for declining IVAs. We have the following debts c/c MBNA passed onto Link £19k c/c Natwest £12k Personal Loan Nationwide (CCJ) £9k + £26k charging order on house I'm trying to work out who would have the majority vote for the unsecured debts. Would it be MBNA who votes on the £19k or Link? Thank you
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IVA Satisfied, Want a Mortgage
My IVA was entered into April 2006 and satisfied in Oct 2007. I obviously have no other debt. I do have a credit card (Gets used for small amounts infrequently to improve credit rating) and a mobile phone on contract and a current account with Barclays. I earn £33k year. I have £5k saved towards a deposit. Still, there is…
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IVA-Early settlement?
Hi I took out my IVA in sept 2006, my partner has now been made unemployed, my family have offered to help me pay it early, I owe about £6000 and agreed to pay 28p dividend. Could anyone tell me what a reasonable amount to offer would be to end the IVA?? Thanks for reading
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Interim Charging Order & IVA help please!!!
Hi this is my first post so please forgive me if it's not in the correct place but I'm going out of my mind and could desperately use some advice. Basically husband has a lot of debt approx £100k from failed business, in the form of overdrafts, loan, credit cards etc (all unsecured). We realised the business was going to…
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ADVICE NEEDED default on credit file for IVA account
Hi everyone, hope someone can give me a bit of advice I am 3.5 years into an IVA and have recently checked my credit report from experian. My accounts that are involved in my IVA have all be marked as settled except for one. This is an old nationwide overdraft that is also included in my IVA, however it is marked as…
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thinking bout getting iva
hi there im thinking bout getting iva as im in debt and have a debt company hassle me for 10000 threatning baliffs so im going to apply for iva me and my mrs have over 60000 of debt got some questions before we apply 1 of my debts is old mortgage with northern rock 30000 neg equity which is loan will that be considered we…
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X-Debt, Hanover Sterling and Overpaying IVA
Hi All, I built up around 17k of debt getting a degree, and after alot of car issues. I wasnt failing the payments on my loan or two cards, but the job i had and renting a house was leaving a very tight margin and i was having to borrow off of friends to pay bills at the end of a month. I went to a gov't website for…
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IVA and change of circumstances HELP!
Hi guys I have an IVA with payplan since Feb 2008 and it ends in Feb 2013. Currently my wife and I both work full time so my income and expenditure is based on both our incomes. My wife has found out she may be pregnant and therefore will not be working for some time now and we will be relying solely on my income and I…
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Finished My Trust Deed in 2008, will i still have probs renting?
Ok i finished my Trust Deed in April 2008 and things are great, i have a vanquis credit card and have had loans for cars and paid them off no probs, I know my credit score is fair but still struggle to get loans/overdrafts from banks so i know my score cant be that great. My problem is i have just put a deposit down on a…
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New to any of this
A quick hello to everyone and thank-you in advance. I have found myself floundering for some time now. A renovation project gone wrong, first builder dying a month into the work and subsequent builders ripping me off for my remaining capital (long, pathetic story). I had savings and ploughed those into the project to keep…
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trust deed help, reduction in income
Hi all Hope someone can help me. My partner has a trust deed and lost his job in November. He has now found new employment (woop) however on a lower salary than his previous job. he has phoned the Trust Deed company to explain as he is not earning as much he wouldn't be able to pay the sum they had originally worked out…
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IVA has changed to Harrington Brooks
My IVA company (CENTRAL IVAs) has been taken over by a company called "HARRINGTON BROOKS". Looking at some of the post on this forum there are mixed posts on the company. Are they reputable in the IVa area?/ or do i need to look at changing over to another company?? Where can i go/look for proper assessment of the company,…
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Additional income advice needed
I have 20 months left of my IVA and have just had my annual review. My pay went up but I didnt inform the IVA company stupidly, now they are saying that I owe an additional income of £1800 into my agreement. I have agreed to pay this off at a rate of £15 a month (all i can currently afford) but this still leaves me with…
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DRO- What proof do i need?
I posted this in DFW but it was suggested i post here as a few of you are intermediaries who might know more! So.... Do you have to supply written proof of your outgoings when applying for DRO? I.e your rent and utility bills? Im just asking so that i can arrange to get these things before making my application as a lot of…
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DRO- What proof do you need, if any?
Hello all, I have a quick question about DRO'S. Do you have to supply written proof of your outgoings? I.e your rent and utility bills? Im just asking so that i can arrange to get these things before making my application as a lot of my stuff is paperless!! Thanks!
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Dro
Hey everyone :p got a meeting on the 15th for a DRO, im currently on JSA but I should have a job in a few months time. The question I have is I owe my Dad £5000 and would like to pay this back ASAP when Im back in work, would this be okay to be put in with my monthly expenses when I have to contact them regarding a change…
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Payplan IVA
Hi guys, Quick question. My wife has recently started her IVA, she has now had a promotion at work and this has increased her salary by around £200 per month NETT. Are we correct in assuming that 50% max is payable to creditors? Also what about money from extra shifts etc, as Payplan wont be aware of these as payslips are…
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My potential DRO, help please
Hi, ok heres my situation. i'm 22, a full time student, and in around £12,000 of unsecured debt. I'm currently in a debt management plan which my partner helps me pay for until april when fingers crossed... they change the DRO rules with pensions. or at least decide when they will. obviously this isn't practical, but it…
