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Final Month of IVA - Dilemma
Hi I am new to this site. Found it whilst looking for advice about my IVA. My IVA started in August 2006 which means this month is my five year anniversary. I had a bit of a mix up relating to bonus payments received from work a couple of years ago which means I need to make two additional payments into my IVA because I…
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Meeting IP tonight-any questions to ask?
Hi all, well we have finally faced up to things and are looking into a IVA. We have a meeting with a IP tonight to talk things through and i've a few calls to make today to arrange to see others. We currently have £61k owed to 8 creditors, we've done a budget and know we can afford to pay back up to 60p per £1-is this…
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iva rejected.
my application for an iva was rejected on friday. i haven,t got to much detail yet but northern rock opposed, whilst the other 4 accepted, but as the northern rock debt is the largest they had a large enough vote to reject. apparently grant thornton now have 2 weeks to try and negotiate/ persuade them, any thoughts on…
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DMP v IVA
Hi, as you can see from my signature I am currently in a dmp with payplan, today i received a letter from them advising an IVA. I'm just interested in the benefits of chaningg from a dmp to an IVA if there is any. Also will it matter to my long term credit score as I will be looking to get a mortgage in about 10 years.…
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IVA and poss redundancy
Hi Hubby is into the fourth year in his IVA and there is the possibility that he will be made redundant due to the recession looming What will happen if he can't keep up with the repayments. Will he have to be made bankrupt after tryin his best to repay the debts, also worried about the house as we have a mortgage I can't…
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Ex declined a career development loan worried it's because of my IVA?
Hi, Just wanted a bit if advice. I have a mortgage with my ex so we are still linked financially even though he no longer pays anything. He has recently applied for a career development loan and it was turned down due to his credit report. He has checked this and it's clean but shows searches related to me! I was told by…
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Help with wrong info on Credit Report
Hi Quick background, got myself into debt years ago and decided to get it sorted so did so through an IVA with Payplan. The default date was 4th July 2005 and one of the companies was Egg loans. So 6 years from 4th July 2005 all details should have dropped off my credit report. Been keeping an eye on reports for a while…
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IVA rip-off?
My IVA has just finished, but still shows on my credit report, I understand it is removed on the 6th anniversary of the IVA being taken out. I took it out in February 2006, so I'm looking forward to seeing it removed in February 2012. Anyway, I last looked at my credit score maybe a year ago and it had all of my creditors…
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New Member - advice needed please
Hello all at the MSE forums! I’m in need of some advice for my debt worries. I have struggled with personal debt for years, but I’m at a bit of a cross roads in my life. To cut a long story short, I basically paid for me and my ex-partner to have a luxurious life. I say luxurious, we never really went on holidays, but we…
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help needed
i recently took out an iva (3 months ago) after i couldn't pay offmy £24,000 debts! set up a £200 a month iva, but this is still a problem as i am back in my overdraft and struggling for money. is it possible to reduce my original monthly agreement? or would bankruptcy be the best option? any help is much appreciated
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IVA & Shared bank Accounts
Hi, When I took the IVA option last year I provided all the necessary financial statements and agreements for the purpose of the process. This also included statements from a bank current account that was a shared account. I did not hide the fact that it was in joint names and indeed it was not even highlighted as an issue…
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Advice needed re: Fiancee's IVA
Hi all, Am looking for advice re: Fiancee's IVA if anyone can help. She is part way through her IVA which ends in Feb / Mar 2015. We're looking at getting married in 2014, but are unsure as to what this means in terms of the IVA? She had entered the IVA before we met and we don't live together at present so my income…
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IVA, DRO, Bankruptcy or Debt Management
Hi I would really like some advice. I tried reading through the forum and everytime when I think I know which option to choose I read something else that is worrying. I am married (recently separated). And since I finished work in Dec 08 fallen behind with payments. Here and there I managed to pay some creditors. My ex has…
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Full and final offer
After a year of paying into our IVA we have had serious issues again finding and retaining work. As a result, we have not been able to keep up payments for 4mths now. It is likely that the IVA can't continue and there is little that we can do much about it. We have a considerable amount of money in equity in a buy to let…
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What happens at the end of an IVA?
Evening all :D I entered into an IVA with a start date of 28.09.06. I had to go for the 72 month term as I am not on the mortgage so cannot (even if it was possible) obtain equity. I'm assuming that means (all being well) that my last payment will be 28.09.12? Or doesn't it work like that? I have always given half of any…
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Help please
Any ideas please i have negative equity in my house, a joint IVA of £30k with my wife 50/50 and just found out she having an affair, i have moved out of the house and living with parents, we have 2 children 2 and 4 years. i will file for divorce but want some advise on what to do with the IVA and if i should just hand the…
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IVA or DMP?
Hello, Hope someone out there will be able to offer some advice? We have unsecured debts of 120,000 and growing as a few creditors are still charging interest. We do admit to and take full responsibility for the situation we find ourselves in. The debts are made up of a loan (business overdraft that was turned into an…
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I did it!
Just wanted to shout about the fact that i made my final IVA payment today. Never missed a single one in the 5 years so am quite proud of my self, and also very relieved. :o
