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IVA & DRO

Archives for July 2011

iva certificate recieved
Hi, just thought i would let people know i recieved my iva completion certificate yesterday, as promised by my iva company i did recieve it before august, last postal day before august mind but at least they kept to their word:cool:, for anybody wanting to know timescales for future reference, my iva finished technically…
Chances of a mortgage after a DRO?
Hi everyone Me and my partner are First Time Buyers looking to get on the property ladder currently private renting, any information regarding our issue would be greatly appreciated. We have seen a few brokers and they all seem to agree, that they can get us a deal for the amount we need with our CURRENT income and…
Could a Debt Relief Order be for the solution?
Hello We have just had our application accepted for the Mortgage Rescue Scheme. We were hoping that the equity would clear all our debts but unfortunately, the housing association have offered us less than we were expecting. I've just come across 'Debt Relief Orders' and am wondering whether it might be the solution for…
debt relief order
Hi everyone not sure if this is the right place to put this or not. I am owed money from someone who I thought was a close friend. They said that they would pay me back when they sold there house. Its been almost 2 years and nothing. By the way the house is owned with no mortgage. approx 6 months ago this person entered…
Coming to the End of Fixed Mortgage deal within an IVA
I am due to finish my fixed rate mortgage on 31st Oct 2011, but I am in an IVA which is not due to finish until March 2014, where can I find another mortgage deal that will not cost me the earth in fees or should i just stay with my current mortgage on there SVR? I am asuming that I will not be able to remortgage as my LRV…
Iva last 6 months equity release?
Hi, hopefully someone here can answer my questions. My partner is in the last 6 months of his IVA :T and we have been told to get a valuation of the house and a redemption certificate from the morgage company, the morgage remaining on the house is 61 thousand the house is worth roughly 70 thousand, I have read on here…
Help and Advice please
Hi I originally posted this on the Bankruptcy forum, but a very kind person said that posting it here might be better for me I'm new to all this, and i could really do with some advice .... due to unfortunately being made redundant twice in the last 4 years, our financial situation meant that we had to apply for an IVA,…
Creditor Meeting set...
Just thought i'd share this - my creditor meeting is finally set for 15th August at 11am. I sort of can't wait but have butterflies already, hate to think what i'll be like on the day ;) hopefully the light at the end of the tunnel is getting closer.....
value of house problem
I have just been on the phone to the CCCSVA as it has now been over 2 weeks since they sent me a text to say that they will now be drafting our proposal and I have heard nothing from them. The drafter told me that it would be another 1-2 weeks before they drafted our proposal, but that is not the problem, although I am…
Trust deed - mortgage & emigrating - help
Hi guys, Looking for some guidance if possible. My wife and I are about to finish our trust deed in Oct. The problem we have is we are moving to Australia in November (visas all stamped and ready to go), however, have a shortfall in our mortgage of around £20,000. I've spoken to our Trust Deed advisor and our only options…
Newbie- just sent off initial details to CCCS
Hi, I have spent weeks reading all the posts on here and have thought it over and over. Today I took the leap and sent off my information to CCCS. Every website i've looked at has recommended an IVA. I just hope what we have to offer is reasonable, does anyone have any advice? We owe £38k:o and have £285 spare a month on…
considering a dro
Hello folks. Just considering a dro, I believe I can have a car up to a 1000 pounds, that's fine, I have s classic motorcycle I inherited from my grandfather, its only worth 2000 is there anyway I can keep hold of it? Or put it in somebody's name? It hasn't been on the road for 5 years but the v5 is in my name, it just…
Natwest loan
Hi would anyone know where to send a token payment for a Natwest loan?. I have looked everywhere on their website it says contact your local bank but don't really want to send it there if i can help it. On the loan agreement itself it's only got the local branch address on it. Thanks if anyone can help.
IVA Question
My friend is in the middle of setting up an IVA with CCCS. She is employed but occasionally does some freelance work, although this is not guaranteed or regular work, so didn't tell them about it as she doesn't know if she is going to do any work at all during the year. She found out that her Debenhams card is actually…
DRO and fluctuating income
My DRO should be approved in the next week, but I have a question about my income, maybe someone here can help? Basically, I changed career earlier this year and currently work as a freelancer. At the moment I am claiming benefits and doing <10 hours work a week (which I declare to DWP), however, this can fluctuate. For…
Do you have experience of Tyler Morgan?
I completed an IVA a few months ago. Today I received information from a Company called Tyler Morgan. They offer a 'no win no fee' service on claiming back PPI and other costs incurred during an IVA! When I went on the IVA all the debts were frozen from day one and no additional charges were made throughout the 5 years of…
IVA (House equity)
I am coming to the end of my IVA and at the start I signed saying that I would input 75% of my 50% share of the property equity that could be realisticly realised into the IVA I have had the property valued and due to structural problems there is no equity !! But the company handling my IVA have come back and said that I…
A Great Big Thank You!
Hi Everyone, Just wanted to pop back and thank you all for all the great advice Ive had and read on this forum. My IVA was accepted on the 4th July and I made my first payment on Tuesday! 59 to go and Ill be debt free. I cannot wait. It was a stressfull process but worth it. I found as long as I was honest and answered…
IVA Approved ... Mortgage Company Advise End of Interest Only
Good morning all I can't believe it my Mortgage provider who happens to be one of my Creditors has just sent me a letter infomring me my Interest Only SVR mortgage has ended (Temporary) Apparently... Spoke to them and the want to go through a I and E..... when you think your getting somewhere something else is thrown into…
Completion Certificate
Not sure if anyone can help? My Brother and S-I-L have just made their final payment on their IVA. My IVA finished over a year ago and have been advising them on the importance of the post IVA 'clean up' and have offered to help get this sorted for them. They have been in touch with her IP company (sorry I do not know who…

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