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Have been recommended either a DMP or an IVA.....
Hi all, Scared to post here but I think I am about to apply for an IVA through payplan, although have been reading around and I don't know whether to bother as it seems like it won't go through. I have been recommended a DMP to but it is likely to take 14yrs to repay. My payment is likely to be 117 per month and it would…
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HELP: In forth year now they want me to do 6!!
Hi my IVA Started in August 2006, as you can imagine the thought of it ending next August is rather nice. However, received a variation proposal from DFD today saying that the proposed divi of 35p is not going to be met so they are going to write to creditors to propose a 12 month extension. On reading this my heart sank.…
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Who does basic accounts apart from coop and barclays
Hi My partner had a IVA take effect....who else apart from the coop and barclays who does a basic bank account....many thanks
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What happens next....
Hi everyone I'm about to pay my last IVA payment in a few days :D and I wonder if you could help with what happens next. My Debt Management Co is next to useless as they never call me back so I thought I'd ask you helpful people instead. Thanks Vanessa
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aA budget plan for a IVA
Hi, does the site have a monthly budget plan that we can use to sort out what our monthly outgoings are? my husband did one but missed off a few things- one being food! is there any information on what is thought acceptable,ie for insurances,food.heating etc? i'm also searching the net for IVA providers and i'm interested…
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IVA and child maintenance
Hi. I've just gathered all the info to send off for my IVA and one of the things they requested was details of any child maintenance payments I receive. My son is 10 and for lots of reasons that I don't want to go into, I have never claimed child maintinance. As I have never been in receipt of any benefits this has never…
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IVE Equity worry
can you offer to pay off the last year of an IVA without worrying about a re-mortgage? Can they claim the whole original debt if the equity covers it?
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IVA Remortgage worry
how much equity can be taken at the end of an IVA. Is it the whole original debt? One other thing... I have a tracker. Does a re-mortgage mean i'll lose this rate?
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IVA- who did you choose &why ?
Hi, we're at the start of all this. we saw the CAB& have seen a money adviser,he said the CAB usually refer people to Grant Thornton and another,not sure who.they are still looking at our case. i'd appreciate any feedback on how you chose the company to help sort your IVA & what your experience of them has been like. i…
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IVA & Tax Credits
Hiya Been in an IVA with Payplan since May 2010 and the Tax Credits office have confused the hell out of me, wondered if anyone could offer any advice? I've had a new award come through out of the blue, saying that our payments were going up but that we'd been overpaid (although they can't tell me what period the…
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Thinking about IVA - mature student?
Hello - So we've decided that maybe we should finally take the big step because we just cannot manage anymore. I don't think anyone here is in as much debt as we are in. I am at university doing a degree and getting financial assistance (student loans company). This is obviously for my studies and they do not account for…
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IVA & Santander
We are about 4-5 months into our IVA yet we still keep getting letters from Santander, the last one stated our details would be passed to ballifs. I understood we would receive letters for a few weeks and we keep sending them on. Santander state they have to send them until the IVA is finished. Anyone else had this problem…
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Help
I have been in my IVA for just over a year, I have recently completed my first year review and although my income has stayed the same my expenses have increased. I have been sent a letter advising that my payments will not have to go up but no comments advise my payments will go down either. I have just found out I will…
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New to IVA
Hi I have just received my first lot of paperwork from Payplan before setting up our joint IVA. I must admit to being very overwhelmed by the whole thing. We have been told that we are offering a good dividend, nearly £900, and that the IVA should go through quite easily. I would just like to know if there are any other…
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What happens if an IVA fails? We're about to enter one
Hi All, Please could someone let me know what will happen if an IVA should fail? I'm concerned that we have a high level of debt due to helping out a family member who then left us in the lurch (lesson learnt!) - we have been to the Local Council Money Advisor who was mega helpful and set up a meeting with us with Grant…
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Help with expenditure review
Hi I am new to the forum and hoping someone can help me with my problem. I have now been in my IVA for just over two years and make my payments every month - initially they started off at £249 but have now risen to £323 due to a small increase in wage etc. When i first entered into the agreement i was living with family…
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jUST ABOUT TO APPLY FOR IVA
hi all,payplan have helped me decide to go for an iva, ive now been told to set up a bank account which ive nearly done just got to send some paperwork to barclays,paypaln said to just pay token payments to all creditors even if its only £1 each and to let each creditor know,can someone explain how easy it is to talk to…
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Anybody work in financial services?
Hi all, I work in a financial services back office (i don't come in to contact with money or clients and I am not a member of any FSA organisations e.g accountants/IFA's etc)). I have recently started a DMP but may consider an IVA as my debts are very large and will take approx 10 years to pay off by DMP. I know an IVA may…
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Help / advice needed please
I’m starting on the IVA board as I’m not sure where to go with this. If theres a better place please let me know I hope someone can give me some advice. Hopefully non judgemental as it took a lot to finally face up to this. I know I’ve got myself into this situation and need to get myself out of it. Quick background. I run…
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Life after an IVA
My husband and I had a joint IVA set up in November 2005, after lots of hard work and dertermination we managed to pay it off in July 2006, when can my credit records be cleared and I can start a fresh, not sure what i need to do if anything, I'm sure it's 6 yrs from when the IVA was started.
