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IVA & DRO

Archives for April 2011

My IVA practitioner seems to have gone awol
Hi Everyone. I seem to be getting into some tussles with my IVA people! To cut a very long story short, I have proposed a modification to my IVA and get it paid off pdq (New job, better money) but with conditions (ie any money from overtime goes directly to the lump sum in year 4) etc etc. I haven't even been contacted…
IVA - Good or bad?
Hi, I've accrued significant debts over years of married life which is countered by a good wage however, although I can service these debts on a monthly basis there is very little left for me after doing so. I have been considering an IVA but to be honest don't like the idea of doing so. I would feel that I have exploited…
Frightened, telephoned CCCS
Hello, I'm new to this site and wondering if you can offer me any help and advice regarding entering into an IVA. OH and I looked at our debts of £21K and decided enough was enough, it was time to do something about it. After reading various posts on this site, I completed the debt remedy on the CCCS website. Its…
When Does A Debt Relief Order Start?
Hello Me and my husband's Debt Relief Order started on the 16th of March 2011 and ends on the 16th of March 2012. Would our credit reports show that we are on a Debt Relief Order or would that only happen on the 16th of March 2012 please? Thank you.
Renting With A Debt Relief Order.
Hello We live in a neighbour hood which is very ruff and the people there are very nasty and vicious. Me and my husband have been approved of a Debt Relief Order on the 16th of March 2011. We are having to move in a month's time due to the neighbour hood and family issues. We have found the perfect place in a lovely quiet…
IVA F+F Payment
Hi i am in a 6 year IVA and am struggling already after only 4 months due to my partner being on long term sick and might not be able to return to work. I owe approx 44k and should be paying back approx 24k over 6 years. I am trying to raise 3rd party funds from a family member to do a f+f payment. I have been reading on…
IVA IP is recommending credit cards to me - grrr!
Hello, I guess this is more of a rant than anything, put I thought I'd put it here as it relates to my IVA provider (DebtFreeDirect). I've just received one of their e-mailings (checked it out and it's genuine, as opposed to spam) and it is a general recommendation for credit cards "to help me build up my credit score" -…
worrying letters, advice please
Hi all, i am at the early stages of a debt management plan, approaching my third payment. i understand it can take time for the letters and phone calls to die down. the company i am with mccambridge duffy i believe to be a trustworthy and reliable company. i was told a few days ago that one of my creditors tesco has…
My neighbours IVA
After mine was accepted I was chatting to my neighbour about her IVA, she is in the process and her creditors meeting is next week, she told me she has a bank account in her sons name (he is 6) and is getting her CSA money paid into that and has told the IVA commpany she doesn't get any! She says she opened the account…
dro-leaving debts out
hi i was going to apply for a dro but few months ago i got informed off a near £2500 overpayment of housing benefits:eek::eek: this not puts me over the £15000. can i leave this overpayment off? as they are taking payments off my weekly entitlement? i really can not raise bf fees. what would happen if i did leave it out?…
Nearly finished a trust deed, got some questions....
I've nearly finished my Trust Deed, last payment is on July 1st. :j However i've been looking into ways to rebuild my credit rating and i've already got the CashPlus Pre-Paid MasterCard with the credit builder. I came across the thinkmoney website and it had the following info that confused me: I thought it was 6 years…
Need Help and advice
Hello Everybody I need help and advice Where do I start? Over the years I have accumulated Credit Card & Overdraft debts of over £40,000. (6 Cards + Bank Overdraft + Loan) I have always paid at least the minimum amount (I know silly me ) so I have never been in arrears (£800). However I am now struggling to balance…
debt management plan, please read
hi I owe approx 8000 and i have just (today) agreed to a debt management plan to pay back 100 every month, am i doing the right thing or is there another way that you guys know. I would appreciate any feedback
Creditors meeting today!
Creditors meeting today at 11.40. Cleaning the cooker to take my mind off it.
Pension and IVA?
Guys if you pay out to a pension with your work every month and you attempt or apply to start a IVA... would they request the pension gets stopped or would they be ok with this? I have an option to start up with my works pension and plan to start a IVA soon so want to know where I would stand in advance, as there wouldnt…
Loan payment taken after IVA in place
please help. my iva was set up on 4 april. my iva company wrote to all creditors same day to advise of iva. I have a credit union payment direct from my salary which my employee will not let cancel - they say credit union has to do it. As the credit union failed to cancel this it is now coming out of my salary this month.…
extra income
a friend of mine is in an iva, however, he may well shortly receive a tax rebate and working tax credits. I have advised him that if he does not declare this, he is putting the iva at risk. he says that they will never be found out. what are the chances of him being found out?
Post IVA Credit Ref clean up - Help?
Hi all I am luckily just completed my IVA, with Certificate of Completion being issued in Feb 2011. :beer: I am now starting to attempt to clean up my records and put this all behind me. I have looked at the Sticky above with the letter template for Post Bankruptcy and am struggling to know what to adjust the wording too.…
what if we added a new addition to the family?
Hi, Our IVA started in January and since then all has went well, the presure it has taken of us and our family is amazing. At present we have only one child and since we were up to our eyeballs in debt never thought we would have another as money was so tight and we were breaking down as a family unit with the presure…
My boyfriend's IVA
My boyfriend has just started an IVA which will run for five years or less. He owes around £13k I have very good credit, no loans, one credit card on which I currently owe £150 and one BTL property. I have never lived in my BTL and the (interest only) mortgage is more than I can borrow alone on my salary. If we wanted to…

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