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IVA & DRO

Archives for July 2012

Do I need to inform my IP?
I have managed to get my car insurance reduced by £36 per month. Do I need to tell my IP? Thanks.
IVA 4th year home with NO mortgage
My wife & I have both got an IVA. She is nearly 59years old, in full time employment & I'm 62 years old & a self employed driver suffering from the recession. Our house has NO Mortgage. It is valued at £69000. We engaged a Financial Advisor who was recommended to us by our IVA Administrator. He has informed us & the…
Closing bank account
I have been in a trust deed for 1 year. I had a first direct current account when I signed the trust deed. 2 weeks ago I phoned FD about my account and when I mentioned my trust deed, they said they would have to close my account with immediate effect. The result of this is that I still have not got my wages (which were…
IVA paid off early. What comes next? Advice please.
First I would like to declare I am now debt free and going to remain so, except for our wish to purchase a house when we are able. I entered IVA 2 years ago. As a result of retirement lump sum I have now paid off 100 pence in the pound of the 50K I owed. I have recieved my certificates of due completion. How do I check my…
In an IVA but keep getting phonecalls
from a company called fresh start finance. It's always a different number and they want to talk about helping me with my debts. I am already in an IVA and I have told them this but they keep calling. I am getting 5 - 6 calls a week and it's beggining to !!!! me off. I think they work on behalf of a company called…
What happens during an IVA?
What happens during an IVA, and is it better to just go through an IVA or to try and restructure your debts with a single larger loan at say a rate of 10% give or take a couple of percent over X amount of years in order to completely repay your debts? Does an IVA have any detrimental effect on your credit score or anything…
PPI 3 years after completed IVA help please
Hi Forum Well I received interest from RBS for my PPI claim on Saturday . The balance they advised has been sent to their claims/collection department. I rang this team on phone number spoke to them advised me ave no record of me on their system ,no open accounts for me told them about previous iva gave me the number of…
Repair Credit while in IVA?
Hi all, Is it worthwhile or even possible to begin repairing your credit while paying off an IVA? I'm about 2 years in and have been offered a very high interest VISA which claims to be able to help repair credit. Is it possible for me to use this once or twice a month for small purchases and then pay off the balance in…
Completed IVA - what next
Hi all Haven't posted for a while so firstly, 'hello'... Ok, my IVA completed in Jan, woohoo and what a relief it is to be dealing in cash/simple bank account without all that worry anymore :j We are now planning the next few years, and obviously my credit rating is dire but is there anything I can do to help improve it?…
offical reciever
has anybody had contact from the OR WHEN THEY HAVE DONE A DEBT RELIEF ORDER IN THE YEAR OR WHEN THE DEBT RELIEF ORDER IS NEARLY FINISH :eek:
Lots of DRO questions
I have been struggling to pay my debts and haven't been able to afford to pay anything for the past 2 months. I went onto the CCCS website and took the debt remedy, and they suggested a Debt Relief Order. I am worried about the cost of £90, my birthday is coming up and I have asked family for a few £ rather than a present…
"estimated completion certificate"
Can anyone tell me what the above is? My IP in charge of my IVA has asked for one along with a valuation of my house and a revised income and expenditure sheet as I have my house up for sale. I thought it might have something to do with the completion date of a future sale but I am wondering if this is actually something…
Being chased for debt after completed IVA
Hi there, I usually hang around these boards to keep up to date with advice / money saving tips but for the first time I actually have a question that I'm hoping someone knowledgeable could help me out with please? :) I completed my IVA last year and now all defaults etc have dropped off my credit reports (YAY!). But…
DRO and DLA payments
I am in the process of applying for a Debt Relief Order as I meet the criteria. However, does anybody know whether my DLA payment is classed as income? Thanks in advance for any advice received.
Finished IVA Whoop Whoop
My Iva has finished I paid my last payment on the 27th June I'm so happy I thought I would share with everyone my good news because if it wasn't for this great site and the lovely people on here I wouldn't be sitting here writing this so a big thank you to everyone
Bank account under DRO
Don't know what to do, I have a basic bank account where funds where allowed out on a 'not there' balance :eek: so now included in a debt relief order which has been approved and as I understand the account will be likely closed (according to the approved intermediary) I get that My problem comes that I know I have an £8…
DRO & raise in ESA benefit
I'm extremely worried about this and hoping for some sound advice. I started a DRO in December 2011, much to my relief. When i started my DRO i was on JSA @ £67.5 per week. I was then signed off from working with mental health problems and am in the process of therapy. My ESA stayed at the same amount as JSA ( £67.50 then…
Selling house in middle of IVA....
Hi, Wonder if anybody could give advice? I have an IVA and am few years into it now but have to sell my house as I can no longer afford it. Mortgage company has given me time to sell it otherwise they will initiate repossession procedures. The house will have quite a shortfall if/when it sells so there will be no proceeds…
£50 rule
Hello, I'm considering a DRO and am a little confused. At the moment I do not have more than £50 left each month after bills etc, but over the next year I hope to be starting work again, and getting back on my feet. Does it mean that for the 12 months after I've been granted the DRO that I can't have more than 50 left each…
How to get debt payments recorded on credit file?
Hi there, I am new to this site, so not sure if I have chosen the correct area to post in. I have gathered debt as a student and became unable to pay it whilst I was still a student. One account was a credit card that owes £700 and the other an overdraft owing £2500. These were both passed to debt collection agencies. I…

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IVA & DRO

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