We'd like to remind Forumites to please avoid political debate on the Forum... Read More » This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

IVA & DRO

Archives for April 2010

Help with IVA's xx
Hi my fiance and I are looking to co-habit/get married within the next 12 months, we both have seperate IVA's approx 1 year old, can i get advice on ? how much our payments might increase,( by what percent of the slightly increased joint disposable income we would have,would we be expected to pay),also are there any…
Confused - can somebody help.
I an currently having the proposal drawn up for an IVA. There are still a few tweaks that need doing, however the monthly payment at the moment, spread over the 60 months totals more than what i owe (plus charges). Is this correct? Does it mean the IVA ends once the total is paid (early in this case). WIll be getting a…
IVA F&F Question
Hi, i have been in an IVA for about 3 years now and pay £226.33 a month. My family has offered to try and pay this off for me as i'm struggling with the monthly payments. On my reviews its working out i should be around £150 amonth but my parents help me with the difference so they thought it may be better to pay if off…
IVA and Cars don't mix!
Hi I wonder if anyone can help with some advice. I have one year left of my IVA to go and I desperately need to lease a car from the end of May. So far I've drawn a blank and there are so many companies that promise to be able to get you a leased vehicle even with credit history- but which one to go for???? Does anyone…
Proposals have landed with Creditors
Hello, I am not too sure if this is normal - and do I need to advise my IP? My proposal was sent to the creditors and they have received them since Monday - I have been receiving calls from a few of them - leaving a message, asking me to offer them an amount in order to settle my debt with them (had I had the money I would…
MOC on friday - do you think it will be accepted??
OK, MOC on friday for IVA. We owe £45k, and in the IVA agreement the creditors will receive 68p to the pound back once we have done equity release in 5th year. Creditors are HSBC, MBNA, Ge Money, Nationwide, EGG, Natwest. Do you think it will be accepted? We own out home, have £133k mortage, house valued at £180k, tried to…
3 YEAR REVIEW OF IVA, EQUITY Release (single IVA but joint Mortgage)
Hi, I'm looking for some advice or to hear from someone who has been through something similar. I have an IVA and joined the IVA whilst single. I then met my partner and due to him being able to put down a deposit and being refered to a mortgage lender through my IVA provider, who would consider me with bad debt we were…
IVA Question
Currently in a DMP with CCCS paying £329 per month on debts of around £73,000. We had a review last night and our payment is going to increase to £358 per month. At the end of the review the lady i spoke to suggested we should look at doing an IVA as on the DMP it would take almost 16 years to pay off. Is £358 a realistic…
DRO's & unsolicitated phone calls.
My home phone number is ex-directory and registered with the TPS. I have posted in the past on the IVA thread about getting unsolicitated calls offering me an IVA. These appear to have stopped and I am now getting daily phone calls from a witheld number asking me to press #2 to find out more about writing of my debts if…
Experiences with Egg account after finishing an IVA
Hello all, Writing on behalf of my partner who hasn't got an MSE account. He started his IVA in Feb 2004. Paid a final settlement Feb 2008 a year early. Takes 6 years to come of his account. So now finally free of the IVA label. Today he managed to log into his egg acount which was still live?? On there it says he owes…
Can I reduce my iva payments
At the moment I am suffering severe financial hardship. I have been in an iva for eighteen months. However, in December my partner lost her job and since then we have been struggling to pay rent as well as utility bills. At the moment I am a couple of months behind and am worried about court action. Would I be able to…
Big increase in monthly payments for IVA
I've been informed today by the company that administers my IVA that they want to increase my monthly payments by 74%, which frankly worries me sick. A bit of background - I took out the IVA in May 2006, and so am just finishing the third year. I've been lucky enough to get a promotion in work whilst the IVA was going -…
Renting when in an IVA
My husband and I started IVAs at the beginning of March. Since then he has got a new job and we are in the process of moving house. We have discussed with our IP as we currently own but this has been cleared. We will be renting partly due to this speeding up the process but also because there is no way we could get a…
Dodgy practices
I've just had an IVA rejected and am now going down the bankruptcy route. I thought I'd recount some of the dodgy practices that my creditors engaged in during and after the set up for the IVA and see how widespread they are. Apologies in advance for length. Northern Rock. Despite initially agreeing in principle to support…
Token payments
Hello I have my creditor meeting booked for 5th May. Do you think i should bother sending out my token payments on 1st May? Bearing in mind that every other month- i've sent the token payments and on most accounts it doesn't show until at least the 18th (don't know why but its been a pain in the a**e being chased every…
Help someone please, it's too much.....
I am gathering up all my bits and pieces for my IP and everything will be returned tomorrow. I am 50k in debt, My OH is about the same and he is going through his own IVA and at the same stage and he hates the sight of me... Basically it is ALL my fault and I can't live with myself for that. We made a bad decision to…
Citi cards transfer
Hi All, I have had a letter from Citi stating that my card has been transferred to CC Asset Management. There is a thread elsewhere on this, but question is can this affect my IVA which is up and running with one payment left of a two part F&F ? It would appear from other thread that CCAM are a sub prime card provider and…
Advice needed on expenditure amounts please.
I was wondering if i had the correct amount of allowance for everything i can claim for on my expenditure under review on an IVA. Is there anyone who knows what we're allowed and for what exactly? Any info is much appreciated. Cheers Ian
iva and business bank account
Hi need some advice please, My partner is 3 years into his iva and was made redundant at the beginning of april. He has the chance of work but it would mean him setting up his own limited company, he has spoken to his ip and they are ok with this. Does anyone know anything about getting a business account with an iva and…
How much does it cost to set up an IVA?
I've seen the figure of £4k, is that pretty standard? Thanks.

★ ★ ★ Meet your Ambassadors

Confirm your email address to Create Threads and Reply

MSE News

Ofgem proposes new 'no standing charge' Price Cap – but Martin Lewis warns vulnerable customers need to be opted in or it won't work
Ofgem has today launched detailed proposals for a major shake up to its Energy Price Cap that dictates the price over 80% of homes in England, Scotland and Wales pay for their energy bills.
Lloyds, Halifax and Bank of Scotland to cut overdraft rates for millions but hike them for others – here's what's happening and full help
If you're a Lloyds, Halifax or Bank of Scotland current account holder, the interest rate you're charged for using your overdraft could change soon as part of a fees shake-up. The Lloyds Banking Group, which owns all three brands, says millions of its customers will pay less after the changes – but a "few" will pay more.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more low-income households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Martin Lewis: At last a chance to fix Council Tax flaws impacting millions – debt collection, difficulty challenging your band, discounts and more
Major flaws in the Council Tax system in England could finally be fixed in future, as the Government has launched a wide-ranging consultation to review hideous debt collection practices, the difficulty of challenging your band, the overly complex and horribly-named Severe Mental Impairment discount and more. MoneySavingExpert.com founder Martin Lewis, who has long campaigned on these issues, shares his response and analysis.
Energy complaints to be dealt with more quickly and Energy Ombudsman to get new powers under Government plans
If you have a complaint about your energy firm, it may be resolved more quickly in future, as the Government has announced a raft of proposals to strengthen consumer protections in the energy market. The planned changes include giving the Energy Ombudsman new powers to force firms to comply with its decisions – but it's still very early days. Here's what we know so far.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Base rate held at 4.25% – here's what it means and when it might be cut next
The Bank of England has held the base rate at 4.25%. Below we explain why, when it might be cut, plus what it means for your mortgage and savings.
Applied for South West Trains 'boundary fares' compensation? Act now to claim it
If you applied for compensation from South West Trains before the deadline in January 2025, you now need to provide your bank details to the claim administrator so it can be paid to you. Here's what you need to know.
Winter Fuel Payments to be reinstated for millions – Martin Lewis explains how it'll work, what it means and if it's an improvement
All State Pensioners in England and Wales will receive a Winter Fuel Payment this winter, though those who earn over £35,000 will see it clawed back through the tax system. It means nine million pensioners will get the £200 or £300 top-up. Here MoneySavingExpert.com founder Martin Lewis shares his instant response and analysis, and we include answers to your key questions.

View All

IVA & DRO

Confirm your email address to Create Threads and Reply

🚀 Getting Started

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free

IVA & DRO

Discussion List

Confirm your email address to Create Threads and Reply

🚀 Getting Started

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free