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IVA & DRO

Archives for July 2013

Why does your debt get sold on if in a IVA?
Hey peeps Just wondered why your debt gets sold on, then these debt collecting agencies start sending you letters demanding payment. Mmmmmm they aint gonna get it because you are in a IVA do they not know this when the debt gets sold on to them?? Cheers guys
DRO application and recent borrowing
I was about to apply for a DRO and was going through my application with StepChange when they told me that my recent borrowing was too much too recently.. About 700 in the last 3 months (although it was to borrow to keep on top of bills) I have been told I need to wait 3 months before I can apply for a DRO as the…
Creditors Chasing
Can anyone help please? I have, admittedly, been ignoring debt letters from Creditors and Debt Collection Agencies for a while now - until they have amounted to some considerable debt, which is too large for me to try to pay. I do not know what way to go can anyone give me some advice. My most important worry is that I am…
Advice please. Where do I stand (Fairly Long)
Hi Been a while since I posted but want some advice I am due to make my 60th payment on the 1st September. However I had some bonus payments which were not paid at the time. I came to an agreement with Payplan to pay these in four payments from October to January. Recently they asked for an revised income and expenditure…
IVA Completion and job lost
I made my final IVA payment 01/07/2013 and have just been told my job is deleted. I am offered a lump sum to leave the service. how does this affect me? is it classed as a windfall?
DRO's and Bank Accounts
I am about to apply for a DRO, none of my creditors are my curent banks. Does a DRO effect your bank account in the same way as Bankruptcy? ie. can my accounts be closed by my banks on approvl of DRO?
i think i know the answer to this already...
Hello i've sought advice on the forum a few times and everybody has always been very helpfull, thankyou. Have been in discussions with stepchange for a while now and it was decided a DRO would best suit my circumstance. Have got to the last stages (i'm about to, or was about to, make my payment and start proceedings) -…
iva practitioner costs
Hi can somebody please clear up my query. i have been on iva for three years and previous years the ip's charges were appx £800. Due to receiving child maintenance arrears i had £2000 of extra payments on iva which on statement was classed as in the bank. now on this statement the ip has taken appx £2400 and I now only…
About to do DRO, but unsure now
Hi, I have been to my CAB and I have debts of 9k, been truly killing me over the years. I am able to do one, I have nothing in assets its just me and my debts. I want to know what the law is with regard to accepting a gift from a family member, my Gran died and left my Mum a little cash, she wants to by me a few things up…
after DRO can you start a company?
I had a debt relief order in April 2010. It helped me start over, but at the time I was not thinking of the future, just of surviving as a lone parent. I am a single mother to 4 children and because of all the government changes, I have decided to try to get back to work sooner rather than wait for my youngest to reach 5,…
Post IVA issues with First Plus
I have searched the forum and not found and answer but was wondering if anyone could advise me on this issue. In March 2007 I started an IVA and this completed Last March. Its now been over one year since I completed it and my credit file on Experian is getting better by the day as the defaults are dropping off. Its a…
Moving on after IVA
We enterered into IVA 2 years ago but after 9 months my husband was made redundant. So we settled the IVA. It has now been a year since it was settled but we have been told by 2 IFA's that we will definitely not get a mortgage and probably won't be accepted for rental properties. Our current mortgage deal has just run out…
Life after an IVA
I am now 3 years clear after completing my IVA. What I am looking for is what is best to upgrade my credit file and also what are the chances of a mortgage with my husband. We were not married at the time I had my IVA so all in my maiden name & different address, now we want to move to a new property & just looking for…
IVA and PPI / charges claim - is it worth it? and how?
Hi I am new to this forum and would be really grateful on any advice regards claiming PPI and other charges etc whilst in an IVA. Our IVA handler is saying that we should pursue a claim. If a claim is successful would the proceeds be simply swallowed up by the IVA? If the consensus is to proceed with a PPI claim is there a…
IVA Offer help pls
My friend had an IVA set up 2yrs ago and has been paying £400 per month without fail since. (10k now paid I believe) Due to a change in income, he now has no disposible income to pay and DFD have asked if he can make an offer. There is 25k left to pay from 35k original debt. What shall we offer that they are likely to…
DRO application
I am applying for a DRO. My total debts are less than £15000 and its mostly made up of credit card and overdrafts defaults. I am also behind with council tax since the council tax benefit has been scrapped. They are now demanding the entire rest of the year. Can I include all the rest of the years council tax bills? What…
A Couple of Q's Re. DRO
Hello, everyone! I ordered a DRO application pack through StepChange yesterday but still have a few questions. Firstly, I have had my bank account with HSBC since 1998 with an overdraft of £250 since approx 2010 (which I permanently live in :o ). I also have a credit card with HSBC which I got when I was 18 (I'm now 25)…
moving home
Hi all, I am currently looking for a new place to live along with my two housemates, if we go through an agency has anyone had a problem whilst being in an IVA? I have read other articles that suggest it is best to tell the agent about this upfront which is what i have done, so just waiting for a response from then. I dont…
Leaving Sky for BT
Thanks for the advice all
Giving for f&f offer and equity in the house
Hi If anyone can help on this question. If my husband and I (we are in a joint IVA) were gifted a F&F settlement, what would happen to the equity in our home? Would the IP still expect this? Thanks for the help in advance?

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IVA & DRO

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