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Change in circumstances & DRO
Hello everyone, I am a newbie so please be gentle. Although I have found this site extremely usefully in the past (so thank you all very much) this is my first time posting a message so please accept my apologies if it is in the wrong place, too long, not to the point etc, etc. I was just hoping someone here would be able…
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DRO Clean up help
Once again I find myself consulting you wonderful MSEers after not getting the info I need elsewhere. It's just a quick question this time. I've sent off the clean up letters asking for the accounts to be marked as settled or satisfied on the credit reports. Lloyds TSB have written back saying their policy is only to show…
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That little light at the end of the tunnel is almost dazzling!!
It has been a long time coming but we only have 4 more payments to make :j:j:j:j 5th October cannot come quick enough! We've also managed to keep it from our families for the past 5 years and feel very proud for getting ourselves out of debt without having to keep running back to them. Hubby turns 30 next year and it's…
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So stressed out with all this
...finding it increasingly difficult to cope...am more suicidal (if that is possible) since I started trying to get a grip on things...have been on the phone to the samaritans quite a bit..the atmosphere here is extremely tense as I'm getting the blame for all the debts...although he enjoyed the Christmases,new T.V...etc.…
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variation to IVA
Hi, Could anyone please offer some advice on the below. I have the opportunity to apply for a promotion at work which would mean a payrise of 6k per year (before deductions currently tax, NI & Pension). The issue is that I use public transport at the moment, however, if I were successful I would need to purchase a car due…
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re-mrotgage
Hi. If you strat a 5 year iva and have to look to re-mortgage within year 4:- does that mean:- 1) that if you can get a re-mortgage they reduce your iva paymnet to match the increased payment from the new re-mortgage 2). they expect you to time it to start at the end of the iva so you can have a possible huge re-mortgage…
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Phone calls have started :(
Hi we're now on step 2 of our iva application with payplan. Last month we paid nominal £10 to all our creditor and we just started to get default letters and have now had 2 days worth of calls. I just keep saying my husband isn't in but I don't want to annoy them (or reduce our chances of the iva being accepted, if this…
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IVA lump sum offered or BR ?
Our Iva is about to fail due to long term income changes. Have paid £9,500 into IVA with cccs and have £13,000 left to pay. Have provided newest budget, and they suggest borrowing a lump sum so that it can be offered at the creditors meeting they will call. Council house, no assets. one of us works f/t, one stays at home…
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capquest\bpo\DRO
Hi I took out a DRO in September 2009. One of the debts that was included in it was to MBNA. From December last year until April this year I have had Capquest chasing me to pay this Debt. I believed that I had finally convinced them that I did not owe this debt anymore as it was subject to the DRO. Now this morning I have…
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Help Please Re DRO and VAT and Others
Hi everyone, I dont no where to start, so ill give a brief outline. I was self employed and ceased trading in march 2011, once i had paid all bills etc and so forth i literally had nothing left. I agreed with the hmrc to make a min payment a month ( they set this at £250) i said i couldnt afford that and was basically told…
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DRO Timescale Advice
Hi There, I originally applied for a DRO last March, had the barcode in January 2011, and not paid anything off of it? Is it too late to do this and pay? Will I need to start again, and can I do pay online? Thanks
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IVA 12k
I have a total of 12k unsecured debt..credit cards...store cards etc.....i have been on to debt fixers...they say that they can help me get my interest frozen and pay only £150 a month and they will take £25 a month as a fee.....im confused with the whole thing to be honest....ive read alot of stuff on here and the net and…
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IVA CONFUSION with TAX REFUND
HELP .....this is the second time ive been on asking for help and what you think but we still havnt got it sorted, Hubby is classed as self emplyed and received a tax refund of £1100 2 weeks ago (overpayment last year) Anyway when we knew he was going to get this i contacted our IVA company Grant Thornton and was told off…
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Been offered a job but need help with SOA..
Hi. Am looking at a part time job. Nothing major just working at a school, but it would allow me to attend college next year and also pickup and drop off my son at school etc. Do these figures look ok..? Statement of Affairs and Personal Balance Sheet Monthly Income Details Income from Employment (after tax). . . . . . . .…
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worried
Hi please can someone help me, i am worried sick! I have had an iva for 3 years and i have just had an operation causing me to miss 3 payments which was agreed by iva company, however i know have a variation meeting on 23rd of june which im really worried about but to top it off i have just had a letter from my car…
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Paying off an IVA after lowered payments
Hi All, I have been on an IVA for around 2 years, and was on DMP for 1 year. It has affected me in many ways and currently is really restricting my life in that i cant save or put any money away for the future. I lowered my payments about 1 year ago from around £215 a month to £140 due to a job loss and taking a much lower…
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IVA confused!!!
Hi guys, I am new to the forum and would really appreciate some help?! My husband and I are just looking into doing an IVA - we have been speaking to PayPlan. They have been really good but as they cannot 'advise' us it's really hard to make a decision!! We have lost confidence in our decision making where money is…
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Iva
My partner and I have a combined debt of £19,000 and have been told that our only option is an IVA as I have a few defaults (no thanks to a debt management company I joined up to a few years back). My partner has a good credit history but his wages have dropped by nearly 2/3 :( . My question is would our car finance by put…
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I lost my job and my IVA failed, what can i do?
I am currently in a nightmare situation. I have around £20,000 worth of debts on both credit cards and loans. I entered into an IVA around 2 years ago and was very mis-sold! Initially I was paying £200 a month, however after 3 months I lost my job. I was then advised my IVA had failed. During the set-up procedure I was not…
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Relocating and Worried about IVA - would Bankruptcy be the same for us?
So, we were really under pressure to do something about our situation and the IVA seemed to be the best option at the time, but unfortunately we didn't shop around. Our arrangement includes a second property which we were renting and receiving enough to pay the secured loan we took on that property. However our IVA company…
