IVA & DRO

Archives for February 2011

Innovative Finance, any dealings with!!!
Just a research thing really, has anyone had any dealings with innovative finance of stockport/ cheshire, we have been advised on an iva and for obvious reasons dont want to be left out in the lurch if it goes all wrong!!:o
Cannot pay the tax man but they won't help - what do we do?
We have a small problem which is entirely of our own making. Basically, as a result of being self employed, we did not pay our tax for several years and now we are in a mess. I know that we are the ones to blame and we are willing to work it through but we have the tax man bashing on the door and threatening legal action…
Few questions about DRO
After contacting CCCS the suggested soluion was a DRO. It said in the booklet not allowed assets over £300. I have no savings etc but our DD has about £2000 in a childrens bond from xmas and bda cash and regular savings we made before we got in a mess. Can she loose this if we go for a DRO? Also it meantions vehicles must…
advice on Full and final settlement please
Hi just want some advice please, I have just discovered I am pregnant and am concerned about my finances!! This means that I will give up working full time, I will still work part time, but obviously the money will be way less! I am 3 years into an IVA, my family have said that they will stump up the money to complete the…
was rejected for a savings account??
Hello all Wanted some advice. applied for a savings account with coop as I had heard on here that they were IVA friendly but they declined my application for a savings account! bit worried now about my car insurance (as that is with coop) as want to pay that monthly when up for renewal, (i previously managed to scape…
Self employed but work is slow
My wife and I have an IVA, and I'm self employed, however this time of year is always very slow for work, and it's getting to be a struggle to live what with increased costs never mind pay the IVA. As we are only into the first year of our plan, can we ask our company for a revised figure?
IVA help
Hi, just after a bit of information regarding IVA's and if it's the right choice for me! I currently owe £20,000 in loans paying £570 a month £1,600 for tuition fees - not sorted payment out yet and £500 into my ovrdraft! I am bringing home £1,050 a month in wages, but my outgoings are higher with paying mortgage/bills etc…
New To IVA
Hi everyone just after some advice to see if im doing things right. Ive been told that i would be better off with an iva as ive been sitting on debt for ages. Company i was shown too is debt solution's helpline just wondered if anyone else is under them or could give me advice on what to do next. Cheers Andy
IVA Creditors Meeting this morning!
Am so nervous! If i am honest i have kinda taken a back seat in all this and my husband has delt with it, but when we were given the time and date of the meeting, it turns out he is in a managers meeting at work so i am now the point of contact! Meeting is at 10.30. We have the dreaded 'Northern Rock' as a creditor (about…
would like your opinions, IVA/BR/ DM
Hi, We are new to the forum and just about to decide which way to go..........hopefully!!!! We would like some unbiased opinions on whether we should go for IVA/BR/DM my wife and I have total debts of £45,000 £30,000 in my name £13000 in my wifes name £2000 joint names (bank overdraft) I was expecting to go for a ' joint '…
IVA done, mortgage options
Had a look about the site but can not find the info. My IVA's last payment was October 2010, due to my creditors I only got the completion certificate through on 10th Feb showing the IVA was completed on 10th Feb. Now my IVA is done I am looking to move out, so I am wondering if anyone could recommend a mortgage product or…
work injury claim in iva?
Hi, Just started my IVA last month and what a release it has been. I just have a wee question if anybody knows the answer. My other half had an accident at work a few weeks ago and will be claiming for personal injury, I was just wanting to know if he gets a payment from the insurance company will we have to delclare it as…
Change in circumstances of HIS IVA - my wage reduces - will that force him bankrupt?
Sorry for the ramble, but any advice much appreciated: Boyfriend & I live together / not married. We have a Joint morgage / we morgage 50% of house / other 50% is owned by housing association / our outstanding morgage is about £78k, and property is in negative equity of around 20k Id guess. He has an IVA in his name only -…
IVA Public Record gone from credit history early?
Hi all, I entered into an IVA in October 2006, which was subsequently completed in October 2008 thanks to completing early (lump sum payment) The completed IVA has been on my credit record with Experian up until very recently, where it appears it has dissapeared from my public records, along with any default notifications…
has any one used payplan before?
hi there, sorry i also posted this in loans section! but only saw iva forum after! just wanted ask has any one used pay plan for an iva before and if so were they good? i am consering an iva with them they say i don't pay them the bank does? i have read mixed reviews about them, just wondered if someone maybe had used them…
Are we doing the right thing? Help!
Hi where to start we have debts of just under £30,000 spoke to the national debt helpline who sent us a pack to set up a DMP. At the moment we have about 9 creditors who we are paying around £450 a month which is not the full amount but what they would accept this is leaving us every month having to borrow off parents to…
IVA and student income
Hi there i am hoping someone can shed some light on this, my husband and me are going for a meeting at the CAB on wednesday to talk to an IVA specialist but i am wondering as i am a student will they include my studnet loans and grants as income? as the last meeting we have with the CAB came up with a much higer payment…
Running out of time... DMP or IVA
Hi, thanks for the advice that I received last time about whether to go for a DMP or IVA. However, I am now having second thoughts (again!). PayPlan are advising hubby and I to go with the IVA and CCCS are recommending that we go with a DMP. I'm going on maternity leave next month so CCCS have set our debt free date for 10…
Creditors meeting 2nd March - Fingers crossed.
Hi all, Just got details of the creditors meeting so fingers crossed! I'll HOPEFULLY be posting here a week wednesday with a big :j if all goes well. Thank you to those who gave me advice and re-assurance a few weeks back.......these forums are a god send!!
is there anything I can do ?
Hi I have been paying my credit cards off a drip per month (I owe approx 35k and pay £50 pcm between them) this was arranged by a debt management company that i'm happy with. I've been paying this for over 5 years now and just wondered if there is anything I can do to end the saga ? I have been accepted for new credit…

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IVA & DRO

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