IVA & DRO

Archives for June 2010

Last IVA payment next month
My OH's IVA is due to finish end of July. :) We've just paid the lump sum settlement and had a receipt - what happens when the final payment is made? Been a long 5yrs, but looking forward to a fresh start - all be it with rubbish credit ratings!
is there a percentage for working out f & f offer
my brother wants to lend me money to come out of it early as I still have 13 months left of a 5 year iva, in the fifth year i am to release £17k (which is not possible as my mortgage company would not give me it), and I currently pay £450 per month (£5400 for 12 months total left). Therefore it is about £22k total. my kids…
Barclays causing big problems
Hi, I have an IVA since March this year. One of the creditors was Barclays. I had my personal account with them - I had on overdraft of £2800 that was part of the IVA. This was my sole account no one else had access. My partner had a savings account with Barclays. I became a joint account holder with this account only.…
Setteling a HP agreement with Welcome Car
Hi guys, This is my first thread so please take it easy on me if I have done anything wrong. All I am after is some advice from some of you. Back in July 2007 I was stupid enough to take a car from Welcome Finance on a HP agreement at a cost of £208/month for 48 months. I have never missed a payment and my account has been…
New IVA and British Gas
Hi All, Firstly to say a big thanks to this forum, I never posted but it was such a great source of information and others experiences helped us through. So, we are in to month 1 of our IVA and feeling strong and positive, then a few letters from British Gas drop through the letterbox referring to a closed account and a…
Will this affect IVA being approved??
We are currently in the first stages of applying for an IVA and I have just started worrying that we might not be approved because we only went on holiday a couple of weeks ago and will this mean that we are seen as being really irresponsable (sp??) therefore they will not approve? Thanks in advance for your help.
final IVA payment
:beer:Hi Our final IVA payment was made last month, and we were wondering what the next step is? How do we restore our credit rating etc. Any advice will be gratefully received. Thank you.:j
Some Questions on Debt Relief Order's
Please ignore - reposted in correct forum. Thankyou
IVA and equity in house
Hi there, My debt is £59k and I have £61k equity in house. I am told I can't do an IVA as creditors would just expect me to see my house. My friend has £54k of debt, no equity and is doing an IVA. Is that right. And, if I did do an IVA how does the equity release in the 4th/5th year work? thanks in adavnce, Iggle
Got credit report...Now what?
Hi, I'm currently on the mobile phone board regarding this situation... I am currently trying to get an Orange contract but they have turned me away because of my credit rating, I assume my IVA will be holding me back. http://forums.moneysavingexpert.com/showthread.php?t=2511013 I checked with Payplan and they have said…
Director Personal Guarantee with IVA
Hi, I'm hoping for some advice. I'm 18 months into my IVA and am the sole director of a limited company. I'm still trading but the last year has been difficult and the bank have now called in my personal guarantee on a company loan and overdraft and asked me to pay back £20K. I made an offer of a payment plan which they…
Debt Relief Orders, any experience and advice please
I'm submitting my DRO next week, after speaking to CAB and taking a long look at debts I decided it would be the best option. I understand the process and what happens I'm just wondering if there are any things I may have overlooked, worst case scenarios, and what affects it may have in the future. Has anyone had a DRO and…
IVA help please.....
Hello to all, I have posted a few times on the DMP board,but now lurking on this board... Me and my partner have been on a DMP with payplan since June last year,sort of going ok ish,we are around £43k in debt and started paying £550 month,then my income dropped due to a pay cut,and my partner went on maternity leave so we…
Pay rise with IVA
Hi all, This is my first post even though I have been lurking for several months. Me and my dh are about to apply for an IVA through Payplan however I have a quick question for anyone who can help me. I have asked my work if I can increase my hours from September when my eldest daugther starts school in order to earn more…
How do I find out my IVA Administrator???
Hiya all I completed an IVA in a single payment but am being chased by a creditor that is saying my IVA has not been completed. I cannot find my paperwork as moved and also broken into!!! What luck, eh!! Who can I contact to get a copy of my IVA Completion Certificate??? HELP PLEASE Mark
IVA question from sticky
hi peeps have just finished my 6th year (1 year after IVA finished) after looking at credit reference file clean up post IVA sticky I decided to apply for copies of my credit file, I recieved one already from experian, too my amazement, all but one of my debts remain, ( i am presuming the others have gone because it would…
iva redundancy
hi i have just been made redundant and an two years into my iva i have never missed a payment and am seeking new employment but they have just informed me that they may take my £9000 redundancy pay out. i understand that i ran up the debts but are they allowed to take all my money off me as i still need to live and pay…
IVA - Looks like the solution...
Hi to All As a result of several spells out of work after years of stability over the past 8 years then looking after an elderly family member (now sadly passed away) requiring my wife to quit work (£14K per year) 5 years ago (unable to return to work due to illness herself), the accumulated debts that I have been…
IVA question?
hi all, comtemplating an IVA or a DMP, I have approx 40k in unsecured debt in my name. i live with my partner, i am self employed. i can just about manage to meet the minimum payments at the moment but have problems when icome tax payments etc come around. if i go for an IVA will my partners income be taken into account
Considering an IVA...any views..please advise
Hi, I have a few questions about an iva...will try to be brief LOL I've been on DMP with CCCS for 3 years. Owe just under 50K in total ,joint with husband,to a total of 5 creditors. Have 2 CCJ's already, one with a Charging Order Now LLoyds are threatening to go down that route, having accepted reduced payments for 3 yrs.…

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IVA & DRO

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