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IVA and impact on power of attorney
My parents are both in their 90s and my mum is becoming increasing frail & is now showing signs of dementia. My sister and I care for them, cooking , cleaning, bathing etc as we are desperately trying to maintain them both in their own home as long as possible. We recognise that we are getting close to having to consider…
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Almost finished IVA
Hello everybody, We are currently in an IVA which finishes in October 2013. We got into the IVA since I started my nurse training 3 years ago and began to struggle to pay our debts. Basically,we needed some help for 3 years whilst i did my training. The company said that we are able to have an IVA. So we are approaching…
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Iva in place but halifax wont stop harassment
I successfully applied for an IVA with Debt Free Direct on the 1st June. Since the 1st June, my main creditor Halifax, wont leave me the hell alone. For 2 weeks after the IVA was applied for, they rung me every bloody day causing me distress. Each time they rung I had the same conversation with them about the IVA; they…
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Rejected for DRO because im on JSA £56 per week
Hi, guys, i applied for a DRO a few weeks ago, and after showing my credit report, and going through all the checks to make sure i didnt own a home and my debt was below £15,000. I was refused because i get paid £56 per week from job seekers allowance of which i have to pay £50 to my parents for board. That leaves me with…
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IVA and a new job dilemma!
Hi everyone, Myself and my partner are considering entering into an IVA. We own a house but have been renting it out for the past 18 months after having to relocate due to work. Unfortunately our tenants have moved out and we are struggling to get new ones. We cannot afford to pay the full mortgage (we were still topping…
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IVA advice please, heads spinning!
I have an IVA. I was advised, after contacting payplan in September 2010 as I was experiencing some financial difficulty that an IVA was my best option. I was having some difficulty as I was stupidly relying on the regular overtime at work to pay back my debt. And ultimately pay it off. I got injured and thus lost the…
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Getting a new car
Hi all, Its been a whole year since my IVA was completed and I have also just paid off a 2k overdraft that my bank had foolishly allowed me to have. So my debts are minimum and my last look on the Experian credit report was green lights all the way. I have a decent job and I also have a supplemented income with freelance…
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DRO's and benefits question
I'll make it short. Can a back payment of benefits ostensibly over the £300 threshold, make a dro null and void? Thanks in anticipation
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Does it make a difference starting IVA before or after redundancy
Just had my creditors meeting. They have said that they want to see if hubby gets a job in the next 6 months. If he does and it's the same money as he is on now they want the £17000 and for us to continue with the IVA which they have said they feel we could contribute £409 instead of the £290 calculated. Once hubby loses…
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What`s the minimum I can pay each month on an IVA?
Hi All, Newbie and wondering if you can assist. What`s the minimum one can pay each month on an IVA? Any advise will be appreciated. Thanks
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My debt relief order period had now ended but...........
Hi i applied for a DRO in April 2010, my term period finished April 2011, however i am still facing problems with it in regards to my credit file. companies that were on the dro are still showing that i am defaulting on my payments, others are showing on my file that were in the dro but when i ring to sort it they have no…
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Need help work hours changed
i am waiting on my final review from my trust deed next month but i moved departments at my work which resultulted in losing hours 39-28 i called up muy trust deed company but they said as it was Voluntary they might not be able to change my payment and am worried sick about what to do
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Welcome Finance Nightmare
Hello all and thanks for reading and hopefully someone can help.. I had an account with welcome finance for a loan that started in 2007 over 2 years.. At the end of 2008 I found myself up to my eyeballs in debt 29,000 to be exact at the age of 20.. Yeah crazy me getting that much debt on a salary of 13,000 at the age of…
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Impact of an IVA
Hi all, I am new to this forum, but just wanted to check on something that has been worrying me for a while. My fiance has an IVA which he is slowly paying off, he has told me that he has to stick with the accounts that he has and we can't set up a joint account for wedding savings, but I just want to find out whether his…
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A big of advice please
We are now into our 4th year of IVA with CCCS. Our daughter has sold her house and rather than loose the sale and get 'stuck' in a chain has agreed to move out in a couple of weeks with her two children and boyfriend - we have agreed for them to stay here whilst they continue their house hunt. Whilst short term it will be…
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iva (medical retirement)
advice please. existing iva (2yrs) being medically retired from work (lump sum/pension) will this be classed as windfall or as it for my ill health is this different. the lump sum would be more than enough to pay off my iva. iva currently approx 30k advice on reasonable offer and other experiances would be appreciated ..…
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Work hours changed!
I have just started paying into a trust deed (1 payment). I thought I was going to lose my job, but my hours have been reduced to 16 instead from 35, better than nothing though. I really don't think I am going to be able to afford this trust deed anymore and am not sure what to do, I am so fed up with worrying about this…
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IVA and being a cic company director? CAN I? ADVICE PLEASE
im 3 paymentS on the long road to a completed 60 month iva and im pretty sure its gonna be a big NO but wanted to check would i be allowed to be a director or involved in a social enterprise company? possibly a CIC community interest company. thanks in advance for any replys x
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Failing IVA whats the options
Hi, I have been in an IVA since 2009 and recently had a variation meeting with the creditors and my IP has told me today they have declined my offer and want to fail the IVA. A year ago my partner and I split up (its a joint iva) and I couldn't afford the repayments so didn't pay for about 6 months which the IP wasn't…
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F&F accepted - What next?
Hi, I’m new to this forum. Basically I had an IVA which started 3 years ago. A few months back a family member kindly offered to make a full and final settlement which was accepted a few weeks ago and the funds have been transferred over. My question is… what happens from here? I am waiting for my completion certificate,…