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I have made my last payment I hope
[FONT="]Hopefully I have just made my last payment and I feel so happy it’s been a long and hard journey but all I can say is that it’s worth it in the end.:D[/FONT] [FONT="]I phoned my IVA Company to see if I am able to cancel my DD as today’s payment was the 60th one and they said yes you’ve completed your…
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Dro
I was originally sorting my debts out with CCCS and only after speaking to a friend did she tell me to go to my local CAB to see about a DRO as my debts were under £15,000 - they were so helpful and did all the paperwork for me so if owe less than £15,000 it really is worth considering - I will be debt free in June next…
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IVA/voluntary reposession - questions/advice..?
Hello MSE once again... :money: This will be a long post about both voluntary repossesion AND IVA's.. After 3 (yes three) years of trying to sell my 1 bedroom flat with no luck at all (4 viewings..) I'm making the decision to seriously consider voluntary repossesion. The reasons I have come to this decision are: 1. I have…
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IVA and Equity questions...
Good morning, For those that may not have read some of my previous posts, I have now been deliberating which debt management route to go down for some time now and have found it very difficult to make a solid decision. Having sought advice from the CAB, CCCS and by asking questions on this forum, I decided to opt for a DMP…
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IVA and cheques
Question regarding the usual windfall clause in IVAs. If I were given a cheque for £800, would cashing it in one of those independent cheque cashing companies ever show up anywhere else? Paying it in to my account would obviously be visible and swallowed up by my IVA, but if I change it in to physical cash at one of these…
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IVA for JOINT debts
Hi. I'm new to this forum but hoping to get some advice about my debt. We have debt of £50,000+ and have been looking into what an IVA involves. I do think the debt is high enough (unfortunately) to need to do an IVA to avoid eventually having to go bankcrupt instead :( Anyway, I'm not sure how it works when both me and my…
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Finally I have reached the end...
Today I finally made my last IVA payment ,Its been an up and down 5 years but thanks to great support and advice from many on here and some careful budgeting I achieved my goal.For all those just starting out stay with it the sense of relief when its all over is more than worth it.Again thanks to everyone..Rest assured I…
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Bankrupt in 2008 and facing it again?
Ive just received an electric bill for £5000, i cant afford this as i am on benefits, seems they have been under estimated for years. They cant make a payment plan in to something i can afford. I was bankrupt in 2008 and want to know if i still cant make an arrangement with them that we are both happy with can i go…
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IVA queries - declaring information & 2 properties
Hi all, This is my situation, which i would be grateful for your help on. I am in £27k worth of debt with 4 creditors. I am currently joint partner on 2 mortgages. They are both on rent. House 1 - my family rent this out from me. I do not get anything from this house (Market value - £125k / Mortgage - £134k) House 2 - this…
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Owed £20k of PPI but have a settled IVA
Hi guys, A family member is in the following situation and I'm trying to get to the bottom of it. Settled IVA in January of this year with a final pay off with a £10k payoff, leaving about £40k unpaid but agreed as complete. Has paid about £20k in PPI across 6 different companies. Northern Rock have paid him back no…
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strange iva question
this is my first post so sorry if repeating previous querys. my problem is i took out an iva 5 years in dec but as it was going thro i sold my house to which i broke even, and did not gain from it. now the strange question lol, i have never been asked for a penny or recived any letters from any people i owe money to £25k…
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Additional income payments
Sorry if this turns into a bit of a rant but frankly I'm p#ssed off. I'm at a low point right now and feel like jacking the whole bloody thing in. I'm with payplan and up to now they've been pretty good. Every three months I send in my payslips and every three months I get a response back saying there's nothing extra to…
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Iva
i started an IVA five years ago and recently, it has come to an end but when they went to finalize the reports, they notice i didnt declare a certain amount of income back in 2007, and they want to do an extension for another year .. could you give me some advice... i thought it was too good to be true. what would happen…
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Do I lose my house if my IVA fails??
Hi, basically after a long time unemployed defering my IVA I started work and making payments. Unfortunately I missed last months payment and they've failed my IVA even though I offered to pay the monthly payment and set up a direct debit so as not to miss anymore payments. The big question I need to ask is if my IVA fails…
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Car downsizing in IVA
A couple of months ago I downgraded my car from a 2 litre Mondeo to a 1.3 Fiesta in an effort to reduce my outgoings given the rising cost of fuel. This has reduced my fuel bill and insurance significantly but I'm concerned that the IVA company will want to take what I've saved when it comes round to the annual review. I…
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IVA and mortgage. Need to move house.
:( I have recently entered into an IVA and while this is difficult, I am feeling much better and hopeful about the future and long term prospects. However I have been offered a new job in another part of the country, this will require that I relocate, but it is a much more stable job and for me, a much better one with more…
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Car insurance and IVA ????
I have just completed my first year of an IVA :j and have just had my insurance renewal. It is basically nearly double the premium it was last year. I am currently paying £33 a month, but come 28th the renewal date, it shoots up to £58 a month. Is everyone in the same boat or does it have something to do with being in an…
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issues with iva company not sure what to do.
Hi, My Husband got into debt not sure of the actually figures i just know it was over 20k. He started a debt management plan and was paying into that for 3 yrs but struggled to to make the payments and it was suggested to him by the company to go into an IVA which he did in 2006, he has been paying over 300 a month to…
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Mortgage 7 years after IVA
I had a Iva 7 years ago so obviously this has dropped off my credit report etc. When I apply for a mortgage will this affect me now it no longer shows? I think I will be asked if I have ever been made bankcrupt but an Iva is different. Will I have to pay a higher interest rate or pay a bigger deposit? We can only afford 10…
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joint bank account liability
I am seeking any experiences people might share with me. Just got a statement from former bank addressed to me showing balance owing in joint account after lump sum from F&F Iva. My wife received similar statement in a separate envelope. I understand that she is now liable for this balance. Wondering why they wrote to me…