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Companies refusing to update credit file after DRO
I had a DRO in 2010 which included debts from argos store card, lloyds tsb and barclaycard. I recently checked my credit file on noddle and all 3 accounts were listed as open and default. I wrote to all three companies asking them to update and mark them as closed/settled. Lloyds TSB did this straight away. Barclaycard…
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Should I start IVA?? Help needed please!
Hi all, I wonder if anyone can advise me on whether or not to apply for an IVA? I currently have about £14,000 debts on two loans, one credit card. I have been in a debt management program with Gregory Pennington for about seven years. I know I could've probably managed it myself, but feel more comfortable dealing with…
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mortgage ending same time as IVA ends
Just realised that our final mortgage payment will be either the same month or 1 month either side of my husbands IVA ending.He has just completed the first year.It is stated in the IVA that due to our age it is unlikely that we will be able to remortgage.Will there be a problem when this happens?We chose IVA rather than…
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Another DRO Q - Student loans
Hello all (again!), I'm helping one of the uni students i work with regarding her debt. She's a PT student so doesn't have any student loans this time round - can i ask if her debts are 9,000 and she went to uni f/t previously and has some student debt does that debt get included? i know it wont be impacted by the DRO…
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DRO and car thats not the DRO applicants?
Hi all, I'm a 'mentor' and therefore help vulnerable or needy students. I am helping a lady at uni to find out more info about DRO's. Its something i have never come across before, my usual areas are finding suitable family housing or nursery places etc so I am very out my depth, but wanting to provide support where i can.…
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IVA closures and PPI
I have an IVA with Grant Thornton and my payments finished a year ago. It was due to be closed by November last year but then they realised that I owed so much in the pound and they had to go back to the creditors to agree that this couldnt be paid. Variations, i think its called? Sorry for the bad explanation. Last year I…
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completion certificate
Hi everyone, Just thought I'd let you know I spoke to the person dealing with my account yesterday and after months of waiting she said that my completion certificate should be on its way to me in the next few weeks. I settled my IVA through F&F settlement at the end of June last year. I will let you all know when I get it…
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PPI claims in IVAs....... interesting comments- what do you think??
http://www.credittoday.co.uk/article/14934/online-news/cleardebt-to-delist-as-abacus-makes-loss David Mond, chief executive officer of ClearDebt, said it had been a disappointing and difficult half-year borne out by a continuation of the general trend of falling personal insolvency numbers in the UK over recent quarters.…
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Car finance post IVA
Hi, Has anyone of you tried to get the car finance after completing IVA early? I've F&F offer month ago accepted and was wondering if there is any chance of getting a car... Many thanks
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advice please
Hi all, i have a few questions if anyone could please help with i would be very greatful. Firstly my annual review is now due and they always send the original income and expenditure form. my question is that i have now been in my iva for 5 years can u up the allowance for food and petrol and things? they do cost more now?…
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CCJ after commencement of IVA
Hi All, I wonder if anyone can help with my current problem please. I've been in an IVA for two years but recently I've disputed some Landlord/Tenant issues and lost through the Court so I guess a CCJ will be registered for about £2,000. How am I supposed to pay a CCJ when Im in an IVA as I don't have any spare money? Does…
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IVA Finding It Tough & Extra Income Advice Please
Hi all Nearly two months in now must say finding it hard without an overdraft and credit cards, but at least we are living within our means sort of. :( Although it feels hand to mouth and something always comes up that cost money.. Anyhow some advise please... My wife is due to give birth in March and we have informed our…
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Help - Solicitor search criterior before completion of mortgage
Hi, this is my first post and looking for some advice please, myself and my wife successfully completed a protected trust deed (June 2010) and have made the move to buy a new house. The bank accepted our application and we received a formal mortgage offer, next to the solicitor and they have carried out all the relevant…
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IVA Troubles
we are about 6 months in to our IVA and it has been really really hard. I am not expecting to be easy but the amount of stress this is causing me is unbearable. We have our budgets but, for example, it is the 5th March 2013 and I have just £70 left in the bank until payday!!!!!! We haven't been frivelous but this month the…
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Unable to pay IVA ADVICE PLEASE!!
Hi Guys I was hoping for some advice regarding an IVA my girlfriend has. Here's a bit of background. She has been paying it for 3.5 years now without any problems (it was for £18K and £260 per month for 5 years) Until recently she could afford the repayments comfortably, however a few month or so ago her business took a…
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IVA and possible re-mortgage
Hi all Just a quick question. I am with StepChange and into my 3rd year of the IVA. My question is in the 5th year if I have equity in my property who will apply for the re-mortgage given that I will still have bad credit rating? and how much would that re-mortgage be? I had a debt of about 45k before entering the IVA?…
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How do you guarantee you won't go over £50?
I am concerned about taking out a DRO as my wages change monthly. Some months I may have £55 surplus and the next month it could be £35. It depends as I get paid hourly. Is this taken into consideration? How strict are they on this issue? I wasn't sure if was calculated per month or as a whole over a period of say 3 months…
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Friday 1st March Today is a good day :-)
Today is a very good day :j That is because my last payment towards my IVA of £506 left my bank account so I think that makes me DEBT FREE :T I was with CCCS or Stepchange as they are now known and they have helped me every step of the way. For those that are starting out or already on the path the best thing you can do is…
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IVA advice needed!
Hi not sure if I'm posting in the right place so apologies if not. I'm looking for advice in regards to my current situation in 2006 I took out an iva to cover debts of around £26000 I paid into the iva for three years then couldn't meet the payments when I had my son as I was living on benefits and the iva failed now 4…
