We'd like to remind Forumites to please avoid political debate on the Forum... Read More » This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

IVA & DRO

Archives for October 2012

Iva
Hi . Im looking for a bit of advice. In 2005 i took out an iva with a company called unity.Which was for £400 a month for sixty payments.After 48 payments i was struggling to afford the £400 a month due to wages lowering , Health problems and the death of my father. I tried to get a lower rate which they agreed to £250.…
Can I have some advice please
Hello ,I've been on the brink of applying for BR more than once .havent had the courage to do it I've had a DMP for 5 years that I changed to an IVA as I would have been in my 70,s before it was gone So first year of IVA and my company FJ have been in touch now and then I've had a letter yesterday saying that despite my…
Advice on F&F
I currently have an IVA, It was for 60months x £100, with an option to extend for a further 12 month if i fail to re-mortgage. My original debt was £22,705, over the length of the IVA they should get back £6,000 in payments, or £7,200 if i cant re-mortgage and they estimate £13,070 if i can re-mortgage. I am on month 31…
DRO & working tax credits
Hi I am a newbie here. Does anyone know if working tax credit overpayment can be included in the DRO? I am on ESA income related and trying to get back into work, only problem is without WTC payments or by having to pay them back I will be worse off than being on ESA... so its a catch 22 situation at the moment. I might…
The aftermath...
Evening all :j I finished paying my IVA in August (woo!) and have recently acquired the £2 credit reports from Experian and Equifax. Both show broadly the same data in that they register the date of the IVA. This is where I get confused ...some would say they are surprised it took me so long...:o I had a bank loan,…
contract phone while on IVA
Please does anyone know if i can obtain a mobile phone contract whilst in an IVA, or is this classed as obtaining credit? Cheers
IVA company claiming back my PPI
My IVA company have written to me saying they have a duty to reclaim mis-sold PPI on my behalf. Is this correct? I don't think I have any mis-sold PPI so they are chasing a lost cause. But if it turned out I did, would I see any of the money or would it all go towards paying my IVA? Thanks
Just had Call With Grant Thornton!!! Not As Bad As I thought
Hi All Just had my phone call with Grant Thornton, After weeks of stressing, and now finally taking action. I had my call with grant thornton after I was recommended to go with an IVA. Sounds like things will go smoothly, not as horrific as I thought and they are going to go for me paying £115 a month to my creditors. I…
IVA and getting a mortgage
I took out an IVA in Sept 2004 and successfully completed it without default in 2009. I am looking to apply for a mortgage in the next 18-24 months and would like to know if when conducting a Credit Check would a mortgage company be able to see the IVA given that is was completed over 3 year ago? I spoke to a mortgage…
Debt Management Programme
Hi, I'm new to the forum and after some advice. A few years back I decided to enter into a debt management programme. Subsequently I've realised that this was a stupid decision that i didn't think about properly. As a result I've had defaults registered against my name (which are now satisfied). However my credit rating is…
Remortgaging as part of IVA
Hello everyone I have about eight months to go on my IVA and part of my original proposal was that I would aim to remortgage if possible within the final year. I've just sent my most recent mortgage statement to DFD at their request and am waiting for their response. When they requested the statement they did outline that…
How do I find out which creditors are on my DRO?
Hi, Pretty much as the title asks, my DRO ended about ten weeks ago but the debts are still showing as defaulted on my credit file. I understand from reading other threads that I can now write to those creditors and explain that I have been released, however, I do not have a list of all the creditors originally in the DRO…
Oh God, CCCS Says I need an IVA PANIC!!!
Hey all After months of reading about payment plans, and still scared to do anything but watch my debt pile up. I finally plucked up the courage to fill in the debt remedy at CCCS. Now as I am just under 24k in debt, with three children, renting and bring in just under 2k a month with wages and tax credits. I was expecting…
Which IP?
Hi, We would like to speak to someone about entering into a trust deed but don't just want to pick any random company out of the phone boom. How can we find a reputable Insolvency Practioner in Glasgow? Many thanks, NMC
IVA and weekly payment store
Hi please can anyone advice me ? As i am in a IVA, would it be possible for me to get some christmas items from the weekly payment store 'brighthouse' ?, they did an acceptability check and i am , on their accordance, able to have an account with them, of cause i dont want to do this if my IVA wont allow as i dont want to…
unemployed and IVA
Hi, i'm looking for some advice me and my husband have literally just set up iva's. there is one question that keeps going round my head. basically we have seperate IVA's that total £10,000 over the 5 years, our debt is £15,000. My question is this, i do not currently work as I look after our son, My son starts school next…
The psychological effects of an IVA.
My Wife and I have recently entered into an IVA with Payplan. My question is about the psychological effects of an IVA. Let me explain. Having met my wife some 11 years ago, both of us were coming out of messy divorces, we enjoyed our time together building a new home and expanding our family. Times were good, the…
Debt Relief Order - debts still being chased
My partner has a current debt relief order. She is still however receiving mail from good old Lloyds chasing her for money. They are now threatening court action and have appointed a debt collection agency. This is the 3rd letter in the first 2 months of the DRO. She phoned them the first two occasions and when she gave…
Declaring DRO to letting agents...
Hi, I have to move house by the 9th November and yesterday we found a property we really like. Today I had to fill in various forms online and got to a box entitled CCJs and Bankruptcy. I couldn't decide for a while whether I had to declare my DRO (as it's not technically either of the above) but in the end decided I…
IMPORTANT READ FIRST - Where to seek IMPARTIAL FREE advice
First of all, please start off by reading the main MSE site article: Problem Debts: what to do and where to get help However, if you need impartial professional advice on your debts then please heed the advice in the problem debts article. Most importantly that:

★ ★ ★ Meet your Ambassadors

Confirm your email address to Create Threads and Reply

MSE News

Ofgem proposes new 'no standing charge' Price Cap – but Martin Lewis warns vulnerable customers need to be opted in or it won't work
Ofgem has today launched detailed proposals for a major shake up to its Energy Price Cap that dictates the price over 80% of homes in England, Scotland and Wales pay for their energy bills.
Lloyds, Halifax and Bank of Scotland to cut overdraft rates for millions but hike them for others – here's what's happening and full help
If you're a Lloyds, Halifax or Bank of Scotland current account holder, the interest rate you're charged for using your overdraft could change soon as part of a fees shake-up. The Lloyds Banking Group, which owns all three brands, says millions of its customers will pay less after the changes – but a "few" will pay more.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more low-income households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Martin Lewis: At last a chance to fix Council Tax flaws impacting millions – debt collection, difficulty challenging your band, discounts and more
Major flaws in the Council Tax system in England could finally be fixed in future, as the Government has launched a wide-ranging consultation to review hideous debt collection practices, the difficulty of challenging your band, the overly complex and horribly-named Severe Mental Impairment discount and more. MoneySavingExpert.com founder Martin Lewis, who has long campaigned on these issues, shares his response and analysis.
Energy complaints to be dealt with more quickly and Energy Ombudsman to get new powers under Government plans
If you have a complaint about your energy firm, it may be resolved more quickly in future, as the Government has announced a raft of proposals to strengthen consumer protections in the energy market. The planned changes include giving the Energy Ombudsman new powers to force firms to comply with its decisions – but it's still very early days. Here's what we know so far.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Base rate held at 4.25% – here's what it means and when it might be cut next
The Bank of England has held the base rate at 4.25%. Below we explain why, when it might be cut, plus what it means for your mortgage and savings.
Applied for South West Trains 'boundary fares' compensation? Act now to claim it
If you applied for compensation from South West Trains before the deadline in January 2025, you now need to provide your bank details to the claim administrator so it can be paid to you. Here's what you need to know.
Winter Fuel Payments to be reinstated for millions – Martin Lewis explains how it'll work, what it means and if it's an improvement
All State Pensioners in England and Wales will receive a Winter Fuel Payment this winter, though those who earn over £35,000 will see it clawed back through the tax system. It means nine million pensioners will get the £200 or £300 top-up. Here MoneySavingExpert.com founder Martin Lewis shares his instant response and analysis, and we include answers to your key questions.

View All

IVA & DRO

Confirm your email address to Create Threads and Reply

🚀 Getting Started

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free

IVA & DRO

Discussion List

Confirm your email address to Create Threads and Reply

🚀 Getting Started

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free