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IVA and bank account
me and my wife are in the process of setting up a IVA and been told to set up a bank account. We have been to natwest today and set up a gold advantage account all went OK and i presume we passed the computer test. We had no overdraft on it. We choose this as it had mobile phone insurance on it and also break down cover…
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Help with Defaulted Loan / Credit Card Needed
Hi, I'm hoping that somebody can offer me some advice as to what I should do. I suffered from a gambling addiction that lead to me spending 10 months in residential rehab five years ago. Since then I have had the occasional relapse, but have now turned my life around, working hard I have also got married and have two…
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Creditors meeting tommorow
How do creditors determin wether to agree to the IVA or not? I have been on a dmp but some are still charging making the dmp useless so I have now gone onto an iva and like I said the creditors meeting is in the morning.
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DRO question
hello i hope someone can answer a question for me i am on a dro at the moment which ends in around 6 months time me and my other half want to move intogether but know this cant happen whilst being subject to a dro is it safe to say once my dro is over that he can move in straight away or would they see it that i could have…
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Renting after IVA
Hi All, my final payment of £491 is due on 1st April and thank god its all over !! My house is up for sale and getting divorced due to all the financial pressure, although i may be left with a small amount i know i will not get another mortgage, sometimes wonder at 50 if i ever want another, but im looking round at rented…
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about to apply for DRO
hi im looking for some DRO advice, ive been to the cab who have asked for last months bank statements, and my credit card account numbers (not their statements), the last 6 years addresses. we have also drawn up total income, total expenses, total debts, total debt payments..... however, i dont feel entirely at ease with…
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Will friends IVA affect my address?
Need a bit of advice if anyone can help. 2 years ago i let a 'friend' stay with me during the week for about 12 months because it was easier for them to travel to work - far closer for them then where they actually live - I've since found out that they have an IVA and had had it for the last 4 years and the IVA company…
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husband being made redundant what happens now???
Hi, PLEASE if anyone can advice me I would be most grateful. A few days my main worry was paying for our summer holiday with an insurance problem. How things have changed overnight! My husbands just phoned me from work to say hes being made redundant in 30days :( oh my heads such a mess now, holiday is the least of our…
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Buying things before DRO
Hi guys, Thanks again for all your answers :-) I am now working more hours, at a better rate than usual, but still on a temporary contract. At some point during 2012 this job will end, and I won't have cleared all my debts by then. I do have a bit of a monthly surplus while it lasts (which I've mostly been saving so far…
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Can someone explain what this sentence means please?
I am trying to get my credit record cleaned up as it is now over six years from taking out my IVA. I have requested that the default records be removed from my credit report and this is the response I got. "Please be advised that Individual Voluntary Arrangements are considered to be completely separate entries from the…
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IVA, bankruptcy or other solution?
Hi, I have a hefty debt with a legal company who are threatening to make me bankrupt. They obtained a CCJ against already and I have been making regular payments but they without warning sent round a bailiff to collect on the debt. I have since spoken with them and offered them as much as I can afford which they have said…
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My debt been sold to new company while on DRO
My DRO finished in Feb 12. One of my creditors listed in the DRO, has sold my debt to another compamy in Jan 12. Do I have to pay this new company and does this mean I am in debt once again.
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IVA settled but still getting harassed by Northern Rock
I have been in an IVA for the last 4 years. Due to a really bad run of luck (rented house sold beneath our feet, partner made redundant...) my circumstances changed so I couldn't afford the IVA payments. After 6 months (and one change of address) my IVA practitioners finally arranged a creditors meeting - the kind where…
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DRO and moving
Hello! I am due to finish my DRO at the end of this month and also looking at moving to a new area. I just have a few questions about both. As I finish the DRO on 30th March will I still need to inform them of my address change and could this cause any restrictions? I won't be earning for the first few months of moving so…
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Thinking about IVA but worried about income fluctuation
I'm not getting anywhere with paying my debts on a DMP thanks to Lloyds interest and charges, and I'm no better off after a year of paying out. For this reason I'm considering an IVA as I'm looking at much longer than 5 years before be I'll debt free. What worries me is the fact payments are set for the duration. What…
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Bankruptcy as sole trader
Hi, I've just joined the forum as I am considering bankruptcy. I have a huge debt that I have no real hope of paying and the creditors are unwilling to accept my offers of repayment and are threatening to send round the bailiffs. I was director of a limited company which is now dissolved but I earn a living as a sole…
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Help! confused and about to explode :(
Hiya im kind of new to the site, just been a lurker for a long time and now seriously need some good advice. Its a long story of how ive got myself in such a financial mess but the end is that im a week away from completing a sale on my old family home that we had to sell at £55k loss after 2 viewings in a year :( my…
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Newbie looking advice
(That was meant to say "Newbie looking for advice" :undecided Hi all, I have posted a thread in the BR forum but since then I have found some info on DRO's. I must admit that before today I didn't know they existed. I have a couple of questions if somebody wouldn't mind helping out. Does it matter what my income is, or…
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IVA & Compensation for Pain & Suffering
Hi, I asked this question quite a while ago but I have now had a settlement and received my cheque. I have been honest and spoken to my IP who say the full amount needs to be paid into my IVA, unless there is something I need to keep it for then I can write in and it will be considered. I would be happy to do this if the…
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Nightmare, please help!
I would really appreciate any help/advise. We are due to have the meeting with the IP and creditors on the 19th March as to whether they will accept my partner on an IVA or not. Please don't think me cold hearted - tragically my father in law passed away last night, which we are just devastated about - he always said you…