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Help from friends or family
Hi, What would happen if a relative paid off some of my debt to get it below the DRO limit? Would their finances be investigated as a result, when I applied for the DRO? And could they choose which debt(s) to pay off, without either of us getting in trouble for giving a preference? Also, I would want to eventually repay…
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Should I go for an IVA
I've recently enterered a DMP with with a company recommended on your site (not sure if I'm allowed to say who it is). I've been really happy with all their help and advice. However, they're now recommending that I go down the IVA route. My credit rating is already down the toilet so I'm thinking of taking their advice.…
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iva and young persons new bank account
Hi, I am 2 years into an IVA with DFD. My daughter is 14 and I am thinking of getting her an account so that she can use a cash card on an up coming school trip. My queries are: Do you think I would have problems opening an account. Would it be silly to try and open an account with a bank that we owed money to. Thanks for…
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Obtaining a DRO-living between the UK and Greece
Hi! I've not posted on here for about 18 months because I mangaed to cut my debts down by £7000 since then! :j However, things are no longer so rosey... I live for 9/10 months of the year in Greece. I return for 2/3 months to the UK to work over the christmas period. I've been lucky and managed to get 3 months work every…
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IVA started over 6 years ago but still showing on credit report
Good Afternoon, My IVA started end October 2005 and finished April 2011. I have been working on cleaning up my file & all defaults have now eventually dropped off - including one which was incorrectly dated after the IVA commencement date! Anyway I thought I would check my file today with credit expert & although there are…
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IVA full & final settlement...
Hello. Sorry if I am driving you all crazy with all my questions but I was wondering if there is such this as a full and final settlement in an IVA? Just I am thinking if there was to ask a family member to help me as I am really struggling with the stress of having an IVA. I don't think I want to have this feeling ongoing…
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Question about my IVA annual review
Hi, posted on her a few days ago but have another question if anyone can help please... I have received my annual review in the post and in it they have attached a copy of the supervisors report and in it it states that there are currently 3 creditors claims outstanding and they are still waiting for those companies to…
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Anyone completed a Debt Arrangement Scheme (DAS) succesfully?
I am now into month 4 of a joint DAS with my husband. We owe around £59K and are repaying £1500 per month. We want to pay as much as possible and this still leaves us with £1000 per month after priority debts are paid so we have a comfortable amount left for food, petrol, entertainment etc. I feel this is realistic for us…
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DRO help appreciated
Hi i'm new to this but hoping to get some help and support I'm a single mom with 3 children, and have got myself into a mess but hoping to change that this year i'm currently in nearly 5 thousand pounds worth of debt to 7 different people. I've been reading alot this week on what debt solution would be the best and after…
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Thinking of a DRO in January
Hi I am thinking of applying for a DRO this month as i it seem the only way for me to move forward. I have about £4650 with 3 creditors I have 7 PDL total £2630 Now i know this is bad and should have not got the PDL but i was robbing Peter to pay Paul if you know what i mean. I do have a job but the PDL take all my income…
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due a lump sum payment - was going to apply for DRO
I cant quite believe it! Ive been stressing all day about the phonecalls that will come, written letters and everything! - Thankfully not posted! I recieved a letter today requesting I do self assessment for 2010 - I didnt realise because I left part way through a working year 2010 Im due a tax refund - just over £600!!!…
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Help with existing IVA (Annual Review)
Hi First of all Thankyou for taking the time to read this post. I am writing for advice on our Annual Review with our IVA which is coming up to it's first year. The thing is we moved half way through last year, due to having another baby, (my family consists of myself, hubby, and 3 children oldest being 6) We are in…
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bank reinstated cancelled direct debit
Wasn't sure the question would get answered on old thread and Im in a panic. A question please, I was advised by the dro team @ cccs to cancel all direct debits & make no more payments. My loan payment is due out in 10 ish days. Just logged onto my old account to find they had simply re instated the cancelled direct debit!…
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Advice about my IVA please...
Hello, I am currently in an IVA and have been for 2 years. I have recently moved in with my partner and I am wondering if anyone know if it will affect my IVA at all? I used to be a single parent on working tax etc but I dont claim for anything anymore. I just get my normal salary and my child benefit. So my income has…
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HP goods and the increasingly strange rules within DROs
Hi all, Just thought I would post an update from the latest version of Intermediary guidance issued by the Insolvency Service regarding HP goods (cars, furniture and other goods)............... If a HP agreement is in ARREARS it MUST be included within the DRO and the debtor would not be able to pay, putting the goods at…
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how long for IS to swend letter to employer.
DRO approved on 20th dec, appeared on IS website yet attachment of earnings still being taken from wages ( weekly pay) for debt included in DRO. DH queried this with wages dept and aspparently they have not received anything from the IS to stop it. How long should this normally take? So far this is 3 payments since DRO…
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Family Planning in an IVA
Morning Folks, As stated in a recent post, my wife and I are in the early stages of IVA application (our courier collected the required paperwork on Tuesday). We've made some radical changes to our lifestyle and approach to money in the past month, including the ceremonious cutting of the cards... that felt like a…
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DRO Bank Accounts & Utility's!
Ok, so I have a few questions! I'm planning on taking out a DRO in March but want to get a few things sorted first. Firstly, my plan was to open a co-op cash minder account, get all pay paid into that account and transfer all my direct debits over. I spoke to co-op bank and they said that as soon as I go into a DRO ALL my…
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IVA Settlement and Credit File
Hello This is my first post. My friend has recently finished an IVA early by having it settled with agreement of all the creditors. He is comfortable that all his accounts have been shown on his credit file as settled with any outstanding balance (default) shown. My question is: One Company (Large vehicle finance dept.)…
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Questions about current IVA
Hi All, I'm new to these forums, so hi. I'll jump straight in. I have some questions about a current IVA my sister has which is in its third year. Since the beginning of the IVA, her circumstances have changed and she is now earning a lot more. As a consequence her repayments to the IVA firm (in this case Simple Debt…
