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IVA & DRO

Archives for October 2012

Trust Deed Scotland
Hi, I am considering going down the trust deed route as my debts are now out of control and wondering if anyone has any advice? I'm presuming the IVA board is the right place as this is the Scottish equivalent of it? I also have some specific questions, I have a joint mortgage with my Mum, will she need to be informed? I…
Article From Credit Today On Lowest Insolvencies For Four Years
Hi Interesting article below on the continued decline in insolvencies - the paragraph from the article highlighted below on the falling numbers of IVAs is significant I would say given some of the recent posts, debates & discussions on here and whats happening in general. "Mark Sands, RSM Tenon’s head of personal…
We Did It !!!!!!!
soooooo happy, I have just sent the last IVA payment, 6 years of struggling and stress are now finally over, I have been crying tears of joy for the last hour and the relief I feel is amazing, Just want to say to anyone struggling at the moment, please don't give up as the feeling of being debt free is one that is so…
IVA Troubles
Hi After a bit of advice if possible. My wife and I entered into an IVA with PayPlan in April of this year. Are payments are set to be £750.00 a month. However, we are really struggling every month and the last week or so before my payday is a real struggle. We have tried our best to cut down food and petrol costs but we…
Moving in with my partner - will my IVA affect her?
I am soon to move in with my girlfriend and wanted some advice on 2 key issues. I am nearing the end of year 2 of my IVA. She is financially independent, has her own house and mortgage in her name only. She has no blemishes on her credit records and I don't want my IVA to impact on her detrimentally. She knows my situation…
iva mess
hi,like many others i wish id never doen the iva. the iva provider told me i needed a new bank account, but everyone else i delt with could not stop providing me with the goods and services. this however was not true!!!. my business had a theift thats when my problems started. after several months of wriggling finialy i…
How do you choose an IP for an IVA
Hubby is a sole trader and he is considering either BR or an IVA. All personal debt not business. So, how do folks decide on a suitable IP? If for example, he approaches CCCS or someone similar and he is deemed suitable for an IVA, I've read on here that they will out source self employed cases to Grant Thornton. Is that…
Acquired Credit Cards Fraudulently
Sorry have removed this message on the grounds it could incriminate me.Even with a username - maybe not the right thing to admit on the internet.
Dro advice?
Hi wondering if anyone can help ive had a look on some websites in regards to my debt and i have been suggested for a dro. I would be grateful if anyone can give me any advice maybe from people who have already gone through this. What information do i need to provide to apply for a dro? do i need to supply bank statements…
6 years have passed how long before IVA history is removed from Credit File
I currently have an IVA albeit it was settled early in 2010, I understand the IVA stays on your credit file for 6 years. My question is it removed automatically on it's 6th year anniversary?
Pension contributions in an IVA
On entering an IVA I had no pension provision. Since then I've changed jobs and with a salary increase was able to increase my repayments by 50%. In the last year my salary has increased again along with my employer introducing a pension scheme (by law) to which the employee is strongly encouraged to contribute. The…
Dro discharged - what happens next ?
Hello, I am new to the site and would be very grateful if anyone knows what happens to the debts included in my DRO which are still showing on my credit file as they were before I entered into the DRO a year ago. I thought they would be removed or show as 'satisfied' and the DRO (or bankrupcy coding as Equifax system…
PPI 3 Years After IVA Terminated
Hi, Hoping someone can help me. I entered into an IVA in 2005, however it failed and was terminated in May 2009 as I was unemployed and couldn't make the repayments, since then I have been paying my creditors directly. In July I was advised by a friend I may have been mis-sold the ppi on a Barclay loan I'd had which was…
What Do You Pay For Your IVA?
Hi guys Im just worrying again..:( I have debts of 24k, 3 children and bring in £1900 a month with wages and tax credits. My IVA adviser worked out I can only pay £115 a month to my creditors. All my outgoings are average as well or pretty much below the standard. And seems to think the creditors will accept.. But after…
Too late to adjust IVA budget and repayment figure?
My wife and I recently set up an IVA through Payplan for a debt of around £15k. After several phone conversations and paperwork from the early steps of setting up the IVA we received the budget planner. Several figures from this were inaccurate. They had our council tax as £40 less than we actually pay, the mobile phone…
Urgent advice on IVA and PPI??
Hi there I will try and keep this as short as i can,i am asking this for a friend who is in a situation that she doesn't understand so here goes. My friend had an IVA and it came to the end in July,which you can guess she was excited about but according to them she owed them money for not telling them about overtime she…
Will I lose a co-op current account after IVA accepted??
Hi all Just wondered is it worth applying for co-op current account rather than the basic account? or will I lose it after the IVA starts? I need to get a bank account asap... cheers marcus
Vanquis card
Got my F&F offer accepted last month Sept 13th and low and behold this morning Mr Posty brings me an 'Already Accepted' credit card from Vanquis, to my supprise i recalled that this type of expensive credit card ( 39.99%) may be used to re boot my credit rating, lower than snake sh*t :eek:i should think at the moment. Has…
IVA Advice Please??? After separation
Hiya - I've recently separated from my husband and we are sorting things out together with no solicitor. We have an IVA and I'm looking for advice on what to do. -Should we tell the IVA provider even if we still want to make the payments together? -Can we split the IVA and make our own separate payments (I would rather do…
IVA & PPI claim - dont bother.
Hello, I took an IVA in August 2008 so i'm nearing the end at last. I am looking for some advice,basically my IVA company suggested i should claim PPI on my debts,they had a division that specialised in getting PPI for people in an IVA,apparantly. So i agreed for them too go ahead,this was back in May 2012. I never heard…

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