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DRO: Expense Form & Old Mortgage
Hello there everyone, Me from the dead, I lurk around reading this forum - it's brilliant! 1. I'm on complete state benefits for a few years now since I fell permanently ill. I don't have any assets and qualify for the DRO (debt less than £15K). However about 5 years ago I had a mortgage, which I could not afford to keep…
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IVA and Self Assessment
Hello I have been browsing the site for a while and have recently entered into an IVA. The relief was somewhat tempered the next day when our landlord rang to give us notice as he was returning to the area. We've found somewhere now, and just made the first payment so moving on. One element that our IP commented on was the…
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IVA's Parents of Students
We are both in the unfortunate position of having one IVA and one DMP between us as a couple. We have 2 children both going to university in September and we are panicking as to how on earth we are going to afford it! The grant applications seem to ask only for income not expenditure which doesn't reflect our situation.…
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Registry trust ltd
:wink: First time poster! My wife and I applied for a mortgage but was turned down because of "something" on her credit file. A few years ago she had some money probles with some creditors. She went to the citizens Advice and they set up a "debt arrangement" to pay x amount each money. We never started paying as I sold my…
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IVA time?
Hello. I have been on DMP for about 3 years now, and all is going swimmingly. However, I think now is the time to perhaps look at an IVA. On my current rate of my DMP I will be clear in 10 years and 6 months. Obviously this could go down with a couple of pay rises, but then I think, 5 years on an IVA! So what I would like…
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IVA/RX1 Headache/...what to do?
I'm in a real mess if truth be told-if I skip all the how I got to's and just let you know where i'm at now-maybe someone can help out there? 40k of debt(my name,not wifes,have a joint mortgage), 2 years into 6 year IVA, missed payments due to lack of money to pay...cannot afford mortgage, looking to sell, after all costs…
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Spend It or leave it??
Hello all, I am just after some advice, I am in the first process of maybe going in to an IVA, when I say first I mean I have only sent my Income and Expenditure in so I have got a long way to go yet, now this might be a stupid question but here goes, My credit cards still have a few grand left on them and if I spent them…
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DMP v's IVA
currently been on a DMP for the last 12 months and now advised to go on a IVA. okay so questions that i need to think of if a go IVA for 5 years will i then have to remortgage to pay what is still outstanding how long will this stay on our file if i stay on a DMP can i just increase the payments back every month, so…
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Ceditors Won't stop writing! HELP!!
Hi everyone, A quick bit of advice please... We're nearly 2 years into our IVA and are STILL receiving creditors 'reminder' type letters detailing our awful bank failings in detail. Although they don't phone us and we continue to forward them to Payplan (at our ongoing stamp costs) they still come. When I tell Payplan they…
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IVA Do I Don't I???
Hello all I have been looking into a IVA as my personal debts are getting to the point of unmanagable.. I'm married and have a joint mortgage and some personal loans, we both work so i'm just wondering if i should apply for the IVA on my own as most of the personal debt is in my name? or is that who ever lives in the house…
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Northern Rock Strikes Again
Hi, I've been in my IVA for a year, just having my annual review. When my IVA was being drafted, Northern Rock insisted that i go over to an interest only mortgage which i did and it's all been running smoothly until now. I had to resubmit an application to remain on interest only for a further twelve months which has been…
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IVA regarding Ex partners not paying debt
We are paying an IVA with debts run up from 2 past relationships, how can we sure they pay something either via court . It doesnt seem fair that we take ALL the debt and they get away scott free? Please any advise? caz
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trust deed
hello guys is there anybody on here that deals with trust deeds , i would like more info
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Northern rock 125% mortgage and now redundant for nearly a year!
5 years ago I signed up to a 125% mortgage/secured loan with Northern Rock. Broken relationship, nowhere to live and in debt with an IVA and Northern Rock were more than willing to help!!! I was a self employed aircraft engineer and earned more than enough to repay my mortgage. Then came the crash and after 10 years…
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unsure what happens now !!
Good morning , eveneing, night After a challenging 5 years the light at the end of the tunnel is now in reach, we only have 1 more payment to make (1st march) :) . :T:T Anyway can somebody please tell me what happens next and what steps i need to take to start rebuilding a credit rating, i currently have a visa electron…
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IVA Question
Hi, just in the process of sending all info to ccsva to draft up iva proposal. Most of my debts are with tsb. Anyone had any experience with these and IVA ie. did they accept offer? Thanks
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Iva and redundancy
My husband and i are only 2 months into our Iva and he has just been told he is being made redundant.We are due to pay our creditors £17,000 over the 5 yrs.He will be getting £18,000.We are wondering about a f +f payment and have a telephone interview tomorrow. Do we have to offer the full £18,000?Any advice greatly…
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Change in income
Hi, My wife and I are currently still in the first year of our IVA. Our daughter was born 4 mths ago and while we informed CCCS of the birth, we didnt ask for a change in our monthly repayments. I have to admit that it's getting increasingly hard to find enough money to live on as our daughter understandably is (literally)…
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Is 30p in the £1 an acceptable amount
Looking at IVA figures with my IP and they have mentioned that 30p in the £1.00 may not be accepted, I thought that was an adequate amount, is that correct? I owe £143,000 and was offering £50,000 over 60 payments.
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Transfer mortgage
I'm in a real mess and starting to panic. I have a house which is in negative equity. I have been struggling with money but always kept up my payments. I've now been offered a job 200 miles away which is great money but I would obviously have to rent somewhere and ideally rent out my current house, though as it's in…
