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After the DRO has ended
Hi all, my DRO has just come to an end and I decided it would probably be a good idea to check my credit report..The accounts are still listed as "default" even though my DRO has ended and I have been 'freed' from my debt. Is this right or should the companies change the status of the accounts on my credit report? I…
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can i keep my car?
hi im serious thinking about applying for a DRO.. i understand they will let you keep ur car if its only worth £1,000 or less.. however mines worth about £3,000 i think.. of course i have thought about selling it to repay some of my debt.. the thing is after my divorce (3 yrs ago)the arrangement was i have my children…
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A few questions about an IVA
Hi I wonder if someone could answer a few questions about an IVA. I phoned the national debtline last night and the very nice chap went through our options with us and is sending out a pack about IVA's etc He advised us to stop paying our Unsecured debts right away as it's got to that stage and said we should open up a…
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Credit score how often does it change?
Hi all Could anybody tell me how often your credit score number changes,and if rising how much on average if all credit accounts are run in good order?Thanks to anybody that can help!!
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Cycle to work scheme?
Hi all, hope you are well. The company i presentley work for has recentley introduced a cycle to work scheme,which i think was initiated by the government.I want to apply for this however i fear it entails credit checks/credit agreement so this to me is a no no as im in an IVA.How would the IVA practitioner/creditors view…
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Npower have given me two options - deposit or prepayment meter
Hi all, I was approved a DRO last month. Included in this was my NPower bill as it was over £700 which has been slowly increasing since I received it at the beginning of the year and I was just not able to pay off my usage and extra to clear the debt. Npower have now come back to me to say I have two options, to either pay…
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Moving home, tenancy agreements, deposits and loans from family - whilst under an IVA
Dear Forum; I recently had a lump sum IVA accepted, and I am currently waiting for my employer to provide the funds to me to complete it, so in an inbetween phase at the moment. I do need to move home urgently, due to my current flat being too small for my family of four (and growing babies / toddlers) and schools. I…
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Variation Meeting - Getting nervous
Hi guys, I have my variation Meeting with my creditors very soon for my f&f settlement and I am starting to feel extremely nervous!! Does anyone know if I will get a response on the same day? Is it possible for them to ask for more information, Or would they already have all they need? I think I am offering 21p/£1 and I Am…
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DRO - Bad credit mortgage advice
I have completed my year on my DRO (which seemed like an eternity!) My circumstances have massively changed to what they were a few months ago. I am 10k a year better off than what I was. I am currently renting, but I want my own place. I could afford mortgage payments and could get my hands on a 10-20k deposit but I can't…
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Can banks still take my money?
Do banks still have a right to recover funds, (if I open a bank account with them for example and pay money in), after they have received a dividend from a discharged trust deed?
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iva-where to start?..
hi all we are considering an iva,well quite sure only way out and having read all the posts was thinking if its a good idea to get everything in place before i even apply,such as get all info needed prepared-payslips,bank statments,financial statement...-also set up new basic account with the co-op and get all the relevant…
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refund of pension contributions
Hi gang, :j Can u please help? Hubby has just received a letter stating he has been paying into the wrong pension scheme for the last 6 years. At the end of June he will be receiving a refund of £1600. Do we have to inform the cccs and will they take it all off us. Monkeysox :)
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Joint overdraft question
Hello My husband has ben on an iva nearly 2 years now. My wages are taken into account when working out the income and expenditure. We have a joint account with an overdraft that has not been used since the IVA. It has been kept open so I can pay my share off the overdraft every month. This overdraft was included in the…
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backdated tax credits on dro
Hi i am currently on a dro and have just received £1800 in backdated tax credits from before i was on the dro. do i need to do anything and if so how will it affect my dro. thanks ben
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Business Bank Account - EX IVA Convict
Apologies, placed on the wrong board.
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PPI After IVA - HFC Reclaim Success Sort of? Please Help!
I have been directed to this forum from the PPI one, as apparently you guys should be able to help me out... I received a letter from HFC stating that they have upheld my complaint. Therefore have offered me a Full and Final Settlement figure of £2581.23. The letter goes on to state that this sum of money will be used to…
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iva question-selling house after it has finished
hi all just wondering what happens after iva has finished and certificate issued,if i sell the house and have some equity left,is this mine to keep or can they still claim it?.. many thanks in advance x
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Debt Administration Order
Hey Guys I have a question my Mother has asked me to put forward to you. Since I have started my journey to being debt free, this has prompted my Mother to look at her own situation. She has contacted the National Debt Helpline (I think) who have given her 3 options in her situation. She is unable to work, is living on DLA…
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PPI Claim
Hi, I have started the process of re-claiming my PPI but was wondering if I will get anything. I have had several loans and fell into arrears with them all in 2006, I entered into a debt management scheme and paid the agreed amounts off each loan until June 2011, I then cancelled the debt management scheme and contacted…
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Full and final settlement
Was about to commence an IVA but then my husband was made redundant. He will be getting around £30000 in redundancy. IP sugesting offering full and final settlement of £17500 leaving us around 6 months wages left. It works out minus the fees that they will receive about 22p in the pound. Do you think this will be accepted?…