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IVA Help please
Hi all I'm hoping that somebody could offer some advice. We have an IVA and recently had our first anual review. Our provider has written to advise that we have earnt more than our "take home pay" and as such wants us to pay 50% of these additional earnings. The thing is that in our contract regarding additional earnings,…
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Address needed for Co-op Cashminder
Hi I think this is a bit of a silly question but we have opened a new cashminder account and I cannot find the correct address anywhere on the paperwork for the bank - I am trying to fill in a change of bank details form for wages for my husband. To my knowledge he has not had chance yet to set up anything for online…
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19 days to go!!
Had a phone call from Payplan to say that we would be debt free in 19- days. I will be so happy to hand over the last payment and put the last few years behind us. If I've learnt anything from this is if you want it; save for it; if you can't afford it; don't have it and ask yourself do you really need it. If there is…
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trust deed help please
hi, i have a trust deed that is now protected, the problem i now have is that i have had a letter from a company i owed money to a couple of years ago, i had forgotten about it so it wasn't included in my trust deed. can someone tell me what i should do? can they still be included in my trust deed or to i have to try and…
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Question re IVA referral to Life Insurance Broker
Question re IVA referral to Life Insurance Broker Hi I hope this is the appropriate place to post this? Apologies if not. I am in an IVA and recently had a call from them regarding help decrease my monthly outgoings. They got me onto a cheaper energy plan which was great. They have also referred me to an insurance broker…
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IVA successful for business but due to downturn in economy secured loans a problem???
Hi, I have a Leasehold newsagent shop business and have secured debt on shop lease. Also had lot of personal and business unsecured creditors. Iva has been approved since feb10 and paying instalment for iva. But due to down turn in economy my shop sales are declining badly, Its getting tough to pay £800 towards sercured…
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IVA in Scotland?
We currently have a DMP, but one of our creditors refuses to stop the interest so our monthly balance is going up instead of down! Is an IVA an option? We own our own home and are anxious to keep a hold of it!
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IVA and equity release
I'm aged 62 in the fourth year of my IVA arrangement. My supervisor has just written to me to send her two re-mortgage quotes together with my mortgage redemption statement to enable her calculate how much to be paid to end the IVA in year four. The arrangement states that 100% of the equity after the re-mortgage will go…
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2 IVA options - huge difference in proposed monthly payments - help !!
I am hoping someone may be able to advise me on this conundrum: I am on a DMP and am currently looking at an IVA option. I have had discussions with 2 companies and provided the same details (inc and exp) to both and they have arrived at wildly differing advice and not sure what to do. Company A: Straight off they said I…
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Advice, considering IVA
Just been through the CCCS site and the reccomendation is an IVA, the thing that worries me is when they value the house. I have little to no equity at present, I assume I will have after the 5 years, but I don't have family or friends that would have the capacity to borrow me a large(ish) sum of money, don't want to sell…
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Iva help pls!!!
Hi All, I need to get some advice pls... I got married 3 weeks ago, and my husband has an IVA. As wedding gifts, we received lots of cheques payable to mr & mrs. As we do not have a joint acc, neither of our banks will cash them! If we open a joing Savings account, will it financially link us? I have really good credit and…
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Is this right? Cannot enter IVA
We are with payplan and in a DMP. Been looking into whether an IVA is more suitable for us and have contacted payplan about it, who have replied and told us we cannot enter into an IVA as our individual debt only = about £11,000 each and each person needs needs a minimum of £12650 and that an IVA cannot be paid back in…
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Letter in post this morning
Hi, I'm new and currently very stressed!! I hope you wonderful people maybe able to offer some advice. In December 2009 my husband and I entered into an IVA. All was fine until I had this letter today. It is from a company in S!!!!horpe asking me to call them as they had "important information" for us. I googled the name…
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How exactly to start a Debt Relief Order started with CCCS??
Hi how exactly do I get the DRO from CCCS?? As i just did the debt-remedy online, and then did the 'Live-Chat' with an adviser, but all he did was look at my income vs outgoings and debt from my debt remedy, tell me that i wouldn't be able to offer any repayment for the debts as i have less income than i do expenditure...…
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How exactly to start a Debt Relief Order started with CCCS??
Hi how exactly do I get the DRO from CCCS?? As i just did the debt-remedy online, and then did the 'Live-Chat' with an adviser, but all he did was look at my income vs outgoings and debt from my debt remedy, tell me that i wouldn't be able to offer any repayment for the debts as i have less income than i do expenditure...…
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IVA - start process now or wait
Evening Folks, I'm currently doing a self administered DMP, paying £176 per month on debts circa £56k. My other half returns to work in July, so I've been thinking about how to move things forward - staying on a DMP will leave me in debt for what feels like an eternity. I like the idea of an IVA and have looked into them a…
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Credit Rating
Hi, my experian accounts all show "satisfactory", what does this mean in credit terms?
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D M P Help
Hi everyone It's dawned on my wife and I that we can no longer bury our heads in the sand. We're constantly treading water every month and its getting increasingly harder month on month. My job entails me working away from home a lot leaving my wife to juggle a 1 year old a part time job and the finances every month and…
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help thinking of an iva?!
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IVA - not written off enough ?
Since March 2007, I have been in an IVA. I have debts of just over £20000. I went to a company called ACCUMA who are based in Manchester and set one up for me. I am paying £264 per month which is £15840 including Supervisor and Nomination fees. I am paying 86.4% of my AGREED BALANCE which is £18314.95. 22% Written off. I…
