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IVA & DRO

Archives for March 2013

A few questions ref IVA
So after having a heart to heart with the dh we have decided that I will go ahead with an IVA as we know we can do it :D I'm not naive and know it will be tough but i got myself into this mess and i need to get out of it. Just a quick question though, currently my husband and I have a basic bank account that's not linked…
Spending before DRO application
Hi all, i'm new here and am seeking some advice please. First, being a newbie, i have posted a similar request, but evidently in the wrong section - apologies for any confusion. Ok.... Having only recently learned of Dro's through a friend of mine, it would seem i fit the criteria for having the order granted. That said, i…
IVA offer
Just need a few more opinions on this so I will start very briefly with a summary: Married, three young kids, £250k mortgage. Both myself and wife work full time. My net wages frozen for foreseeable future at £1900 PCM. Limited equity in house...maybe 25k. We owe my ancient mother £40K from when we bought the house 6yrs…
My first 12 months of my DRO is OVER! :D
Hi all! As of today, I have finished the first 12 months 'mometrium period' of my DRO. I'm absolutely delighted and wanted to give a big THANK YOU to those that have helped answer all my questions about DRO's on here. You really made the process a lot easier and less scary. Now! What next? This is what I plan on doing, if…
Last payment made!!!
When could we start getting the house valued Last payment to IVA has just been made, and 5.5 yrs later we would like to move now...they didn't ask us about releasing equity so is the house 'safe' to sell???
Advice Anyone Please !!!
Myself & Fiance entered an IVA in april 2007 which i was paying every month without fail until june 2008 when my direct debit was getting returned to my bank account without no reason, i let it go for 1-2 months and after trying to contact the IVA company(simple debt solutions) i originally set up the IVA with, i was…
Confused IVA, DRO, Token payments?
Hi, it's my first post here, I've been looking around and hoping someone can share their knowledge with me and perhaps give some much needed advice. Basically I was young, naive and frankly an idiot in my recent formative years. As a result of this I now have myself a little muddle that I would like to clear up. In terms…
Applying for DRO - concerns over expenses
Hi Folks, Occasional guest, first time poster. I'd like to apologise for the length here, It may be ranty, but I am in need of advice! I've been in debt for about 6-7 years now. It seems to keep going up, every time I get somewhere I fall into old habits. I've been with DFH for about 4 years, paying up to £200 towards the…
DRO and Student Finance
Hi, My eldest son is 23 and got into a right pickle with money. We were at CAB yesterday discussing bankruptcy but it looks like he will go through a DRO with them acting as an intermediary. However one question they could not answer ! He would like to go to UNI - he lives independently currently but we think he will come…
Debt and Emigrating
I'm currently on an IVA but am behind with my payments by £600. I have the money to pay and to get back on track but I have just been offered an opportunity to emigrate to NZ. It would be a fresh start for me as the job opportunities would be a lot better for me out there. I would be staying with friends until I find a job…
Been advised to enter IVA but really worried
I'm just looking for a bit of reassurance really about entering an IVA. I have been advised by Step Change that this would be the best option for me (although they did also say that i could go down the bankruptcy route). The IVA would be for £100 per month. Are there any positive stories out there as all i see are the…
dro and credit builder
hi I was accepted for a debt relief order on the 13th march 2013. I had a credit card with capital one, the secure card. now im in this dro can I apply for a different type of credit builder card or not, would I be accepted or declined. as I would like to start rebuilding my credit again.
newish iva and seperation.
HI guys, wea er in year two of iva. Everything ok. However we are separating and he is moving out. I am going to continue making payments until he is working. Does anyone know what the implications are? Will the creditors be ok with it. We hope to clear it with an f&f within 6 mths fingers crossed.
CR file clean-up - What documents to include?
Hi, When going through the credit reference file clean-up process, what documents pertaining to my DRO should I include with the letters I send to the data controllers? As you get no discharge letter from the DRO office, the only two things I have are a screen-shot of my online Insolvency Register entry (taken after the…
DRO and car
Quick question regarding selling car and DRO. Can you have sold your car more than 12 months ago and still be okay to apply for the DRO? Say you sold it over a year ago- does that disqualify you from applying?
Guidance please on Car?
I have a car that I use to go to work (it's recorded in my IVA)- it's not worth much when I went into IVA about £1,000 however due to depreciation/dents etc.. I've just had a car accident - the garage next week is going to collect it and take it to be repaired - I am worried that the cost of repair will out weight the…
iva completion payplan help
Hi i am after some help i completed a full and final settlement if iva with payplan back in september. i still havent had my certificate is this normal?. i am concerned that my record still shows insolvent when its been settled. does the certificate show the date of settlement or do you shopw as being un insolvent from the…
Mortgage after an IVA
I entered an IVA in 2006 after I got overloaded with PPI and interest payments whilst changing employment. Unfortunately, I got overloaded with bank charges and my banks would not listen to my plight so the only option I found that would help me would be an IVA! Thankfully, the IVA helped me and I was able to pay off the…
IVA on Bank Records
I have been turned down by NatWest / RBS for a loan, the reson given was that my records with them show that I was in a IVA that was completed and finnished in April 2009 (thats including 1 year after the 5 year IVA). This record in on NatWests / RBS inturnal records. I have checked on Experian and the IVA has been removed…
DRO help again please. If i moved in with my oh
Not as romantic as I may like but whilst discussing with my oh the pros and cons of a DRO he's suggested we (kids and I) go back and live with him. It was being spoken about with a view to moving in when he sold his current house and bought another but thats not going to happen until much later in the year. So on my DRO…

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IVA & DRO

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