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Advice please, they're demanding I pay them...
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IVA Company says must pay another year!!!
Hi, y friend entered into an IVA 5 years ago this June and has been paying 50% of her salary for that time and just received a letter from the IVA company stating that she must now pay another year when the original agreement stated the IA would last only 5 years. Does anyone know what the legislation is around this kind…
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Best IVA
I'm in need of advice and need to move towards an IVA as I'm not getting any closer to repaying me debts. I have a property that I rent out that I do not want to proceeds to go towards an IVA as the flat is self sufficient. Who/ which is the best company to go with please?
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iva worry help please
I am considering a iva my situation is this I owe a total of 23k on credit cards and personal loan I am paying out in the region of £700 per mth just to service these £250 of the £700 is for a personal loan and £450 to credit cards and after tax I have a income of only £958 per mth. I have spoken to some iva companies and…
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How to improve credit rating after having IVA
I wonder if anyone can help me. I had a few debts and went with a company advertising helping to pay them off (didn't realise at the time an IVA or what one was!) to my cost this has now given me a poor credit rating. My rating was beginning to improve and I applied to my bank for a regular bank card (having only got the…
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first & final iva and reclaim ppi
I had a first and final iva last year which is where the companys agree to a one off lump sum to clear my debts so was only in an iva for 1 month. Equity from my home etc didnt come into the agreement and my final proposal includes that they will not persue anything more from me and it is in final settlement. My question…
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DRO help needed
hi . I wonder if someone can help me . I'm currently applyed for the DRO (Debt Relief Order) , but my quesion is can the creditor refuse the DRO ??. because that what happen to me today when I let one of my creditors know that I'm apply for a DRO . Now I don't know where I stand , if yiu can help that would be fab . thanks…
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IVA vs. BR
Morning, I obviously know all the main differences between the two, but I wondered, are the long term affects any different. Ie, is an IVA 'seen as' better over bankruptcy, or are they exactly the same affects long term? I have no assets and rent our home Thanks
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HELP - Unauthorised Bank Transactions After BR
Hi, Hope someone out there can help! I was declared BR in mid December after my company (Ltd Co) went into receivership at the end of November. One of the creditors of the company took over £1000 from my personal bank account in early December (I had used this account 6 months previously as a one off). Prior to the BR I…
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Hello - Change in IVA circumstances - help
Hello All, I am new to this forum so hello to you all.:money: I have been told what a wonderful board this is and that the people who are on it who can give me honest advice, so if you could give me some please? I had an IVA agreed in February 2010 and have paid all my payments on time. My wife is now a discharged…
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IVA and business bank accounts
Hi, I may have to start an IVA and I just have a few questions. I currently run my business as a LTD company but the property is owned as a partnership with my wife and the LTD company pays us rent. If I do an IVA: 1) The bank the Ltd company banks with will be In the IVA because of a 10k overdraft........what are my…
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DRO and British Gas - Nightmare!
I am currently in the process of starting a DRO with CCCS which will include my electricity arrears to british gas (roughly £2k) I'm now waiting for CCCS to ask me for the £90 to get the application submitted. I know they are really busy. In the meantime, I am being totally harrassed by British Gas after I offered them £1…
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NRAM PPI Claim/F&F IVA
I've just received a letter in the post from NRAM with a checklist for them looking into PPI claim, i have no clue which loan this relates too, I don't remember ever having taken out PPI. So i rang them, they wont be give details, but if i sign the form and return they will look into whether or not i have any PPI to claim…
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Legal question re: IVA & PPI
I have a simple question I wondered if anyone could help me with. I am in the process of claiming back PPI with many of my lenders. At least one lender has agreed to pay back the full PPI I was charged plus interest. I just have one problem, I am in an IVA, currently taking a years payment break because of maternity leave.…
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Changing Jobs during an IVA
Hi Guys, We're into Yr 2 of our IVA after racking up in the region of 40k of debt. I have a hypothetical question. If I were to move to a new job which carries a salary almost double what I earn now (which is a possibility), where does that leave me in respect of the IVA? I'm currently paying £170 per month, which I am…
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My Debt Relief Order has ended a week ago and is now being chased by one listed on DR
My DRO ended on the 23.2.12. When I had a letter from Santander Credit Card with a most recent transaction statement, Net balance, of the same amount that was listed on my DRO, as from dated 23.2.12 . Does this mean that I am being chased for the debt. I did think that all debts listed I would be free of them. Please…
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PPI claims and an IVA
My IVA is spent in July so I'm finally free of it. Today I recieved a letter from my IVA supervisor, it contains the following. "When you entered into your IVA it was not common knowledge that compensation for PPI could be reclaimed. It is our duty as supervisor to maximise any recoveries of funds that can be introduced…
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IVA F & F Settlement
This is my first post, but i am a regular lurker! :) I just wanted to post, giving reassurance to anyone out there really........plus i am over the moon right now :) I started in an IVA in May 2011, monthly payments of £250, overall debt around £41k mark, paying back only £17k roughly, 6 yr IVA due to Northern Rock being…
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being able to save some cash
hi i am now in a position where i am able to save some cash each month. i have increased my payments but i am wondering if i can save a little each month is it wise to keep this in a bank account, or is this something the iva company will look into at a yearly review and basically clean me out of anything i have been able…
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I think an IVA is the only way forward - advice needed please
Hi there, I am new to this forum and slowly reading the posts in this room for research/advice, but thought I would post too. A bit of background..... I have around £30k in unsecured debts that have built up over the last ten years by me consolidating and then taking out borrowing more to live. Its finally come to a head…
