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IVA & DRO

Archives for March 2012

Should I be worrying?
My parents sent a letter to my ip at least 3 weeks ago to offer a settlement and we have not heard anything back. To be honest I've been too nervous to call them incase it's bad news!! What shall I do?
5 months to go - PPI question
Hubby has 5 months left on his IVA ( unless they extend it another yr) We have sent of PPI claims and had some success, Will this all have to go to the IVA ?? One was a joint loan so what would happen as they have only put his name on the letter, but the corresponding account number was a joint one Any help would be…
DRO 1 month in...
I'm one month in to my DRO.. and have had to call my creditors several times to inform them I am subject to a DRO, particularly PTP, who have passed my account to two different companies since I was granted the DRO..is this normal? I have phoned everytime and told them I'm on the IS register, they look it up, get grumpy…
Car Insurance - Paying monthly
Hello Gang,:j Can you please help me. I am trying to insurance my car but nobody will insure me unless I pay the full amount up front! :eek: I cannot afford to do this, so can anybody recommend any insurance companies that continue to do this for people in an IVA. Any help is appreciated! Monkeysox :mad:
IVA - Completed Early - Adivce/Tips?
Hi, I have very recently paid off my IVA in full 100p to the £1. I was approx 2 years & 4 months into the IVA. I have also managed to pay off a large secured loan on our property so, as of this week am debt free (apart from the mortgage of course). I've also managed to put a considerable sum aside & wondered what are the…
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…
iva and becoming a student
im currently in an iva and was wonderingif i become a student in 2012 what i will have to do with regards to iva, e.g. let iva ppl know?
CCCS delay
Feeling a little frustrated with CCCS phoned them yesterday as I haven't heard back re- my yearly review to be told that they are working on March 6th updates, as ours arrived one week later they will not be able to 'even look at it' for another two weeks.. that is one heck of a backlog! It will have taken them one month…
IVA Advice please
Hi, how long does an IVA take to set up? The reason i am asking is i am just about to start the application for an IVA with payplan but i have just found out i am due to get a one off bonus in June of around £1000 it is the first bonus i have had. Would I have to give up 50% of it? I do want to get out of debt been in a…
IVA Advice
I'm 18 months into an IVA. Its a struggle but I get by. I currently live alone but want to get a place with my girlfriend. We want to rent a place and bring our two families together. Could someone tell me what the implications are of doing this. She is solvent and has a clear credit rating, I obviously do not! Any advise…
Recommend an iva comapny
Hi all , a useless idiot here who's got into 1 big mess with finances for various reasons etc . I am now in the postition where I think I need to embark on an IVA . I pay all my debts every month I have never missed a payment but I am just worried the inevitable is about to happen . My debt totals £23000 and I think an IVA…
IVA and PPI
Hi All, I have finished my IVA and just waiting for the certificate of completion hopefully this next month or month after. I have recieved a information pack from my IVA company from a PPI and creditcard charges company they have instructed to look in to this. The company charge 30% of what they win back and I get so much…
settle iva early
hi, if you are in a position to settle an iva early (parents/boyfriend) would the settlement figure be all the debt origionally or the iva figures, and also do i take away the costs of the iva fees up until i have the iva for, or do these have to be paid till the end? hope this makes sense:(
12% iva
any thoughts on how a voteing creditors repesentivs would think of a offer of 12% in every £1
IVA Early Settlement by Selling House
Hi, Sorry if this has been covered elsewhere, I couldn't find anything on it. I am considering settling my IVA early and one option is to sell my house and use the equity to pay it off. Does anyone know if this is possible, could I pay off the full IVA amount and come away with the rest of the money (if there is any) or…
My Bankruptcy
I am nearly a year into my bankruptcy but i am still out of work, But things may be looking up. Does anyone know if i was offered a self employed role as a sales rep can i go and get a car on HP? Also i dont pay any Income payment orders (IPO/IPA) yet because im out of work, when i do get work or self employed work does…
can i get new car on iva
hi im 20mths into iva of 6 yrs doing everything by the book giving half of my overtime pay increase etc etc due to milage i am clocking up around 300 a week i am looking for a diesel car instead of petrol my fiance is willing to give/loan me 2000 and with selling my car should be able to raise 3500 what is the protocol…
Will a DRO affect my childs savings?
My son has a bank account which his father (my ex-partner) pays money into every month (like child maintenace but only there if needed for my son). I am in the middle of setting up a DRO, will my sons savings and the money going into his account cause problems with this?
Need Help to Understand Scottish Trust Deeds
Can someone please explain how they work to me, as I keep hearing various versions. The situation is - My husband has been on a DAS now for 4 yrs with another at least 8 yrs to go. He still owes in the region of £45000 to £50000. He jointly owns a house with his elderly mother which has been her home or over 40 yrs, she's…
I got credit after DRO
Hi all There's a few post pop up now and again asking about mobile contract and how to rebuild credit ratings etc, so I thought I post how I've gotten on and hope that the information is of some use to someone. My DRO finished in June '11 and I did all the cleaning up ASAP, you'll be surprised at what mistakes can be on…

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