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My partners Failed IVA - Is my home at risk?
My girlfriend entered an IVA about 2 years ago after struggling to pay her debts with interest making it unmanageable to pay back in any decent time frame. I recommended to her that an IVA may help. She managed to secure an IVA with Pay Plan and for two years steadily started paying the debts off. in this two years I have…
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DRO who set yours up?
Hi, Just wondering who people have used to set u their DRO and how was the process? Thanks Laura
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DRO advice
Hi all, Seeking a bit of advice. I meet the criteria for a DRO and have received the paperwork to sign and pay my fee. However I have an offer from a friend to lend me some money to clear the debt via a F&F settlement. The loan isn't large, around 14% of debt. As it's such a low offer would it be worthwhile going down this…
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DRO - sold car for cash a problem?
Hi, I am considering applying for a DRO. But before I do I want to know whether selling my car last year is going to have a negative effect on my application. 1st Sept 2012 - 31 Dec 2013: I worked part time, earning around £800 per month (my bank statement shows proof of this income). As I knew this wasn't going to be…
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Will DRO with Lloyds affect Bank of Scotland account
I will shortly be applying for a DRO, in the meantime i am in the precess of sorting out a new basic bank account to pay may wages into, however i have a bank of scotland account that is still active but that i havent used for years, just checked and my oin still works on the card i have. my question is, will my wages and…
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IVA confused help please
Hi Looking for some advice. I have approx 26k debt and struggling each month. I am married but this is my debt not my husbands and am a home ownner with approx 12k equity. I am thinking of applying for a IVA but are they the answer? and also unsure on which company to approach. Any advice would really be appreciated.
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Income Shock!
:( got a shock today regarding my income. I thought that the £50 a month income increase courtesy of hubby and my tax code increase would be ours to keep as per the 10% rule :) But found out today that we've got to inform the IP because it's a permanent increase and therefore we've got to have a I&E review to see how much…
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DRO finished and mortage wanted
I am worried. My other half has just finished his DRO and we desperately want a place of our own as fed up of renting and landlords who dont care about issues. I spoke to an IFA who seems to think its going to be a massive issue to do anything within the next 2 years but with the new help2buy scheme its the only way we are…
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F&F IVA Question
I have been planning to go on a DMP for the last few weeks and have the set up nearly complete, waiting on new bank account. THe DMP would be a small/med amount on a med debt so would last 10-12 years unless I could up the amount I have recently gained access to a 10k cheque from a relative and due to this I was advised…
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dro question
Hi all, One of the conditions of getting a DRO is that you can't have assets over £300 Im considering a DRO due to my situation. One of my 'debts' is with a credit union. I owe around £9000 . Im not in arrears with them because they take the weekly payment direct from my wages. But I can't afford it together with…
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Help with maximum amount for DRO.
Hi I'm new to posting here and looking for advice. I want to go for a DRO. I have made the first steps contacting stepchange and I'm trying to get all the information together. I've got a debt with Oakam which came up when they did a basic search. This debt doesn't show up on equifax or experian. So I have requested a…
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Help with form - employment based
Quite a way into my DRO now and whilst I've been ok knowing what I should and shouldn't be doing under the terms, aside from a Barclays bank manager calling me a bankrupt once (I do get the theory) I really need to clarify if I am considered as this catororically, after all it is not something I declare when renewing…
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Thinking about a DRO
Hello, I was just wondering if i needed any documenst when applying such as bank statements etc? Also, can i still apply if on maternity leave...ive been struggling with debt for a while and in a dmp which now on maternity i cant afford any debt and when i return to work probly only have about £40 spare income Thanks Laura
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DRO - sold car, drive other & proof?
Hi, I am looking for some advice on my situation and my suitability for a DRO. Debt = £8,500 (credit cards, unsecured loans, payday loans, overdraft) I am currently unemployed and on benefits No savings Do not own property I sold my car last year to my sister for £1000 as I had to go part time and didn't have enough money…
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WARNING - ATM 'ticket' said £100 dispensed but no cash came out!
I tried to withdraw £100 at an ATM in the British Library in London. I took my card, waited for my cash but nothing came out and then the machine issued a 'ticket' saying 'Dispensed: £100'! My account was debited and my bank raised a dispute with the ATM company (InfoCash - not a bank) but they say there was no surplus…
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question regarding my iva
My Iva states this The debtor must not obtain any further credit greater than £500, except for public utilities and to re-finance any balloon payment as the end of a vehicle hire purchase agreement, without the prior written approval of the Supervisor. Should credit greater than £500 be obtained without the prior written…
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Trust Deed fail what happens now?
My trust deed is going to fail, they have agreed that due to changes in my circumstances beyond my control that I can no longer afford to make payments, I haven't paid since October last year. I have heard nothing from them since they agreed this about a month ago. I qualify for a LILA which I will apply for, but I…
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IVA yearly review - What to expect?
I've been on my IVA for a year in June. Its been a struggle. Debt Free Direct have asked for 3 banks statements to see what my current expenditure is. I am slightly worried because I do play bingo online; I deposit usually between £20/£30 a week as it is my only past time and form of enjoyment. Would they be funny with…
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Applying for a DRO
Morning all, i am in the process of getting a DRO, the thing i would like to know is, i am aware that i have to open a new bank account when i go to do it should i tell them what im doing?:question: as in applying for a DRO.
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Please advise- doing the DRO and fell pregnant
Hello, I am in a bit of a panic- almost as bad when decided to go down at the DRO route. I have just been issued with the DRO but just found out that I am expecting. Obviously, this will be reported as soon as reaching 12 weeks but just wanted to ask for information on this forum before I hear from the authorities in…
