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IVA Help
Hello. I am currently two and a half years into a 5 year IVA. I have a few questions. 1. Recently I have been approached by a company "Consumer Credit Action" I think they are called, saying I may have been miss-sold my IVA, and they will help me go Bankrupt and save me lots of money. They say for £208 a month for 6 months…
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IVA questions
Hello I'm in the process of doing IVA paperwork & just had a few general questions 1- I've seen on here that some IVA companies have advised people to draw money out of their current accounts upto the OD limit. My OD limit is £2300 but current balance is £1950. My 2 daughters need new shoes- would it be a terrible idea to…
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DRO and a couple
I have a DRO but I'm moving shortly in with my other half, how will that affect the DRO? Do they look at his wage, half all the bills I put on the SOA etc If I put say £400 down as rent will they think the rent is £800, with they ask for evidence etc What are the allowances for a couple? I don't want to get to July and…
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Advice on offering settlement of IVA and related questions
Hi, this is my first post although I do read the forums for advice I wondered if anyone could help with my current problem/questions. We are just about to enter the 3rd year of an IVA (was extended to 6 years due to a variation in circumstances) which renews on 1st April. We currently pay £250 a month and according to the…
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Dro
Can I go from being on the dole to working and earning £800 to £1000 a month with out wrecking my DRO. ?? Regards Dave
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Considereing a debt relief order
Hi everyone, brief history ive been on dmp since 2006 and have reduced my debt from £18,000 to just over £7000 but due to a couple of things (having a baby, job cut etc) im struggling to now meet payment of the dmp. I will be paying if off for at least another 5 and a half years. Now i have been looking into a debt relief…
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applying for DRO next week, what happens if i spend on store card in the mean time?
Was left in a lot of debt by my sons father ( all the debt was in my name), he's not man enough to admit that half is his, doesn't pay a penny for his son at the moment (long story) anyway what would happen if i spent on a store card now when im intending on filling in forms either next week or week after.thankyou
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IVA Rejected - What next?
I've heard that my IVA has been rejected by MBNA, and unfortunatley around 30% of my total debt is with them so the whole IVA was rejected at the creditors meeting. The stated reason they rejected the IVA was that if I went with a DMP and all interest was frozen then the whole debt could be repaid in 9.98 years. The IVA…
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Getting loans when I am in an IVA
Hi everyone I am hoping you can help. My partner and I are in our last year of our IVA and we want to set up business or rather buy an existing one with clear profit margins and room to expand and increase the business. 1. I'm being told that you cannot get an unsecured loan as this would be in breach of the IVA - even…
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Including Utility Bills - Not yet gone BR/DRO
Hi everyone I'm looking into either a DRO or going BR - just getting all my research together and have been doing so for some time. Another debt has cropped up now due to a problem we're having with our electricity bill. We live in a small, one bed flat and had our last quaterley bill was £600!!!!!!! Spoken to Ofgem and…
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Cccs va iva taking sooooo long
So, had our interview with cccsva on 23/12/09. Sent off all requested paperwork on 12/01. Then they spent 4 further weeks asking for more info and copies of other documents NOT on their original list. I spoke to them yesterday and was told that they are passing my file to have the draft iva written up this week!!! Why is…
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Advice re IVA for self employed not Ltd Co
Hello, I am looking for advise for my oh he is self employed and in partnership. Can anybody please advise the implications of going into an IVA could have on his business/partner. Thanks in advance :)
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Few Questions
Morning All, My first post here, and hopefully somebody somewhere can answer my questions. I currently have enough debt to qualify for an IVA, but before I do down this road, I just wanted to get somebody's hopefully personal experience, as I didn't want to take the companies word as gospel, so if you can advise, that…
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Losing my job
Hello again :) Right, sent all the paperwork to set up our IVA yesterday and then last night was told that I would be losing my bar job (£60 a week) as the landlords are being evicted! The way I see it I have two options. (1) to carry on with joint IVA as will no doubt get another job soon (and we can just manage without…
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Setting up an IVA with Payplan
Hello everyone- this is my first ever post so please be gentle! To introduce- i'm married with 3 kids. Total debt- £38,000 In process of setting up an IVA via Payplan we recently had to send in proof of income- i had to send in my tax credits letter & hubby had to send a cashflow analysis (he is self employed) Anyway- we…
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Just sent everything off.....
....to CCCSVA and they are going to start the ball rolling on our IVA. Feels like a weight has been lifted just sending it but now need to start worrying out whether the creditors will accept it! Just had to let someone know :) Jx
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IVA, mortgage and moving house
My husband and I have recently entered an IVA, not having planned to move in the near future. He had a job interview which he had on the off chance of being offered the job, and has been offered it. We have spoken to our mortage provider who said that we wouldn't be able to transfer the mortgage if we were to move house…
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IVA review I&E - Please help
I have got my IVA review tomorrow and would like to know how much I can put down for food, phone, etc etc does anyone have a list of the amounts for payplan?