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Finally accepted im in trouble
Hi everyone,after years of moving debt around we have finally run out of options,ive been reading lots of posts of peoples differing circumstances.i realise im not on my own. i have been on cccs and entered all my info they have advised either an IVA or DMP but im totally confused which one to go with,With a DMP it will…
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IVA Abroad
Hi Newbie here! Been browsing & seen some helpful comments so hoping a few may come my way now! So, a few poor choices and a sprinkling of bad luck & I now have 70k of debt made up of -ve equity shortfall loan, credit cards student debt, heaps of charges etc We knew we were struggling and so emigrated to where I could…
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It worked for me
Well it was almost 6 years ago at the end of this month that I was desperately trying to get credit cards, loans, extra credit limits etc as all our wages were going on paying off existing credit and Xmas was only just around the corner. I was scared to answer the phone as I knew it would be a creditor asking me to make a…
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Any template letters for DRO ending?
Hi, My DRO is shortly ending and I would like a template letter to send to my creditors informing them of that. I also would like them to update my credit records to show settled. Have searched and searched and can't seem to find anything! Any help would be appreciated :)
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New Bank Account
We have had two meetings with the CAB and we are now filling out our budget guide for another interview with a case worker who will nail everything down before we then decide for definite whether to go for an IVA or not. I have a bank account with Lloyds tsb (the creditor who has the majority of our debt) and obviously…
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IVA Help please
To cut a long story short I lost my wife in July and we were in an IVA. I contacted them to find out what was owing and was told to make an offer of around £10k which I did. I also made clear the fact I was awaiting a pay out on our life insurance and as soon as payment was made they would get paid. Fast forward to Monday…
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DAS & Work for Bank - is this allowed?
Hi, Been struggling with a large sum of debt for some time now £28k including all credit cards, overdrafts and unsecured loans. I have a property current LTV 77% approx £20k equity that I own. Debt consolidation not really an option because of LTV too high to allow me to borrow much. I have a decent salary £23k + bonus £4k…
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best iva
can anyone recomend a company to go with please?
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Scared about overdraft again, sorry
This IVA stuff is still doing my head in. With reference to my previous posts about my joint overdraft, husband is in IVA, I am not. I know I am fully liable for the overdraft but I still don't see why it was included in the IVA. Our IVA company are making us more confused than ever about it and we don't seem to be getting…
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iva should i do it?
Have just recieved my pack from the iva company. read it, and understand it. My payments will be £191 per month. Should this be the right way to go for me and my family, fed up being in debt. Cant help but feel that we should sell up, but i know we have no in the house. need to see light at the end of the tunnel.
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Token payments - what to pay & when?
Just at IVA draft point with CCCS who have been pretty good to date. I'm facing a 6 year IVA (extra year suggested as we paid off loans arranged through family before 'official' creditors. Hey it's all debt to us and we didn't want family credit ratings being affected by our stupidity. Nevertheless, having given CCCS…
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Credit report post IVA
Hi , i am after some advice please . I finished my IVA in March of this year and i requested my credit reports from Experian and Equifax . I had a loan from Cahoot which was included in the IVA . This was then taken over by Santander after i defaulted . The default date on the reports for Santander say July 2005 when it…
