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Husband in IVA - seems to be affecting my access to banking services
My husband is currently in an IVA plan thingy and his financial situation seems to be affecting my ability to access banking/credit facilities. Can anyone advise me on best next steps please? I've just been declined for the First Direct bank account. I have the Credit Expert thingy from Experian and it's previously always…
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Any advice regarding an IVA dispute needed
Hi, I entered into an IVA with debt matters in 2006, in 2008 it was taken over by Grant thornton. I was paying back no problem until my circumstances changed in 2009 due to having a child and working part time. I therefore was allowed to reduce my payments by half. I kept in contact with Grant Thornton and was told that my…
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Does anyone know if a settled account can go back on credit file?
Hi, sorry if this has been discussed elsewhere, I have tried to look for answers but couldn't find any... I am hoping to apply for a new mortgage and have been waiting for a few defaulted account to come off my credit file as they were defaulted 6 years ago. These have come off now and I thought that I would clear them so…
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how should iva show on credit report once completed
hi, just wondering if anyone can help. i took out an iva 5 years ago which would have completed 22 dec 2011. i however paid it off early in aug 2010. just looked at my credit score and it shows a defaut for every month and from the aug to dec shows default but no info. is this correct or should it show as settled. it shows…
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Paying for something in advance
I've posted before about my income being irregular, but something else just occurred to me. Next year I might need to drive for a new job, but I won't have my own car at that point. My wife has a car that she doesn't need for commuting and is happy for me to use, but she will have to add me to her insurance in November…
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IVA completion and PPI claims
Hello A little advise please: I have this month made my final IVA payment (after 6 years). I am waiting for the completion to happen (which I am asured will run smoothly as I paid every agreed payment on time). However my IP wrote to me a few months ago and asked me to apply for PPI compensation through a PPI collection…
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Irregular earnings and DRO
Looks like I won't be able to achieve a steady monthly salary anytime soon, which makes it tricky (read impossible) to do a DRO budget. Does anyone know if I'm allowed to average out my pay over the year, saving a bit in fat months, when I know in advance roughly what I'll get each month? And what about overtime on top of…
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IVA Fail Apparently
I sent a letter to my IVA people in May telling them I split from partner and was moving, I also asked if I could skip a payment. I only had a year left of the IVA, I heard nothing at all, then when I make a payment it came back saying account not found. Since then the creditors in the IVA have now started to contact me. I…
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IVA and divorce
Advice needed!!! My partner is currently going through a divorce with his ex partner. Prior to the divorce proceedings starting but after they split up he entered into an IVA as they have a combined debt of approx £80k. She is not listed on this IVA. He is making the monthly payment. He has advised the company that they…
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IVA affecting partners credit?
I recently took out an IVA (in November), and throughout the whole process of setting up I must have asked dozens of times for them to give me their word it would not affect my partners credit rating. I went as far as not even providing them with his surname as I was so cautious about it. When they asked for proof of his…
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Help with dro/bankruptcy/dmp
Hi i need some advice i dont know where to turn i have debts to probably around 18 creditors totalling 12,500 i roughly have around 80 spare a month to pay i have been with cccs for the last year on a plan for 130 per month they cancelled this in december as i had to miss the payment because i had a reduction in hours…
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Iva... how much?
Hi guys, based on approx £42k off debt... how much would be expected do you think to be able to arrange and successfully setup a Iva? Is there a calculation out there that is generally used as reference to give you an idea of what you need to be able to afford based on amount owed? Cheers
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Unsecured or Secured NRAM Loan - confused
I took out a Northern Rock mortgage product almost 5 years ago which was a mortgage + loan. To cut to the chase I got into difficulties paying my mounting debts and ended up arranging a DMP. The unsecured N Rock loan was included in the DMP but N Rock was the only creditor not to agree to a reduced monthly payment -…
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6 Months
Now paid 6 Months..... not easy and hard work, but once you budget theres nothing like it. But i can't believe how long January is.....:eek: Better than a credit card bill though:j Good luck to all
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IVA Extension
Hi all, new here so go easy on me.... Maybe someone can help? I paid my last IVA payment at the end of November 2011. 3 Month prior to that my Property was valued and in negative equity. As part of the proposal, £7,657 in equity was to be the released as part of the proposal to make up the dividend of 32p inthe £. One of…
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Tesco Debit/Credit Card Floor Limits
Hi All, just a quick query really. Me and the OH are on a DMP now, for one reason or another.......Overspending, living outside of our means, job loss etc.. We've got a Visa Debit CashCard Plus account with the Nationwide (465935) I have noticed that it works at Tesco Pay @ Pump. If you are 2 days before payday and without…
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IVA and full and final settlement early?
I am currently halfway through my IVA. A family member has talked to me about it and asked how much it would cost to clear the IVA early. They may be able to pay this for me. My question is how much would an early settlemnt cost. I currently pay £133/ month and have 30 months left to go. Any help greatly appreciated.
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Is my salary a preference payment if it reduces an overdraft?
My income fluctuates quite a bit, and it's paid into my main current account where I have an overdraft. In a month when I get a large salary payment, I've been leaving the surplus in my current account, reducing the overdraft balance. But if I go bust when my overdraft isn't maxed out, will that be seen as an illegal…
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Reclaim mis-sold PPI whilst in an IVA
Hi,I just wondered what if anybody knows how this works. The conditions of the IVA are that any money I get extra is to be paid into the IVA.If I was to reclaim mis-sold PPI from an old loan whilst in an IVA how would they actually know? Would it just be by looking at my statements after being paid by cheque? Or can they…
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Help, Employer doing an IVA and making us redundant!!
I have quite a complex situation. I have worked for a company nearly 11 years but it has been on a downward spiral these last couple. My boss has sold his assets over this period to try and pay debts and keep it going, but know matter how much he puts in it continues to run at a loss. Bankruptcy looked likely but i didnt…
