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DMP or IVA HELP NEED ADVICE
Hi, I don't know how to start a new thread, so i am tagging along. I need help real bad. I have contacted payplan and cccs both have suggested either an iva or dmp, the dmp would be over 15 years (forever) I really need some advice as to which is the better one to get into. I have 75,000 worth of unsercured debt, £14000 is…
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help dmp or iva and how quick ccjs and baliffs will come??
i am about to miss payments to all my creditors for the first time ever from this month, will they start issuing ccjs, baliffs etc before i have a chance to set up an iva? Also some of my debt is quite new the catalogue i have had for 3 years but have ordered xmas presents from it 2 weeks ago as i was able to pay then but…
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iva and payplan
Hi, Well i am in a huge mess £72000 in debt and have spoken to payplan and cccs both have come up with iva solution. Just wanted to know if anyone else has used payplan as they were so much more more supportive on the phone i am due to see them face to face this week and wanted to know if anyone else recommends them? thanks
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Help with IVA and being given newer car
Hi, My wife and I (2 children under 8) are 4 months into our iva. My father passed away 2nd Oct and since then my mother has come into a lot of money, I never got any money from the will but my sister and I have had the house given to us but cant sell it till mother passes or moves. Anyway my mother has taken it upon…
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Company Car BIK - IVA
Hello Peeps New here so please be gentle! Recently went into an IVA (Sept 10) and am Company Director. Talking to my accountant today about Salary, Divs and Benefit in Kind for my Company Car....and had a sudden worrying thought. How is the Benefit in Kind treated in an IVA? Is it treated as actual earned income....or is…
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Flabbergasted, once again!
Just thought I would post this for the benefit of anybody quaking in their boots at starting an IVA ... addmittedly I imagine it's not the common finding but .... As mentioned before I have been contacted by Capital One, who, as soon as I mentioned IVA put a hold on calls, Egg who have done likewise ..... no bullying or…
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New IVA proposal being worked on
Hi all. I have just been in touch with my IP to explain my change in cirumstances. My husband & I are back together ans so instead of my mother trying to raise £19000 in 3rd party funds- I am now in the position to offer monthly contributions of approx £380 instead. As my HP will complete in june 2012 this figure will also…
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Iva help needed
hi i have recently enquired over a iva with money debt and credit the chap on the phone was great really help full however the documents have just come and he has doubled up loads of the debts to show we owe more than we actually owe also the payment we agreed was 245 per month and the payment on the documents is well over…
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DRO with cab taking forever
my wife and i went to Citizens advice Berau in july to discuss putting forward an application for debt relief order. The advisor took copies off all our debtors letters and said he would contact them which he did. But now im recieving letters from creditors saying they have recieved no further corrispondence from CAB and…
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advice can i have credit?
I have had an iva for over 10 years and recently applied for a capital one credit card which i got. I have never missed a payment on my IVA and all ok apart from Moorcroft who have searched my credit file and found i have a credit card. They wrote to me and i passed this on to my debt management company. I got a phone call…
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using redundancy to pay off an IVA
Hi all, I wonder if someone could advise please. I've been in an IVA for over 3 years and have 16 payments left. My original debt was about £58K, and I'm paying back £491 per month - I calculate I have £7856 left to pay. I may have the chance of voluntary redundancy in the new year but I'm not sure whether to take it as…
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Break in an iva
I'm on a year break with my IVA, due to return back May 2011 when i return to work after maternity leave/career break however Dad has just been diagnosed with lung cancer, mum is his main carer so cannot look after my daughter from May. What happens if my request for another 2 years is refused? No alternative as child care…
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IVA Final Repayment Options
My boyfriend has an IVA and is just about to complete his third year of repayments. The total duration of the IVA is six years and his repayments are set at £300 per month. He has just been to hospital and is now on the waiting list for major knee surgery so is likely to be out of work for 9-12 months starting in early…
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Extra income from a lodger - is it worth it??
Ok, so I've got a friend who is coming to stay with me for a couple of months and has agreed to pay me £30pw cash in hand. It'll pay for xmas at least! Although it got me thinking that in the new year, I may consider getting in a proper lodger as I could potentially get approx £300 a month extra. My questions however are…
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Full and final meeting on 4th Jan. Questions...
Hi all, I have a full and final meeting coming up on 4th Jan. I have 10.7k left to pay and have offered £7k. My questions are: 1) What happens if my creditors reject my offer? Could they ask for more and if so what is the process? Can I offer more if my first offer is rejected? 2) How long would they have been voting for?…
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Partner's change in income
I am currently in an IVA and I am seeking some advice please. When my IVA was agreed it was on the following basis: My income £2500 Wife's income (child benefit and child tax credits) £120 Total income £2620 Expenditure £2315 Surplus (paid into IVA) £305 My wife has her own debts of about £10,000 - but she is unable to…
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Creditors meeting ..
As mentioned elsewhere, mine is set for 17th at 12:30. As usual I have been advised to be available on the other end of a phone in case I am required. In people's experience, how long do these meetings normally go on for ? And how many have had their payments "tweaked" ?
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Hypothetical Situation ....
OK --- hopefully this situation will never arise, but ..... If a person is a couple of years into an IVA and a relative dies, leaving a house as part of the estate, in which this person in IVA has a potential share: When is the person deemed to be in receipt of his / her share of the estate ? I am thinking estates…
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lots of questions to be answered..........
Hi there, hope one of the experts on here can help me out. First part. Have an IVA- all going reat - no issues there at all. However we want to move to be closer to family (as they are 60 miles away) and we were told we could port our mortgage so no issues. Now we have actually asked the mort co they have said we can't…
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First Christmas debt free
Hi All, I finished my IVA in January this year a few months early, this will be my first Christmas being debt free in I don't know how long. Looking back I've probably been continuously in debt in one way or another for the last 20yrs:(. I think from some of the stories on here I've been very lucky, my IP was very good and…
