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IVA & DRO

Archives for September 2013

PPI letter from Barclaycard while in IVA.
Hi everyone, I had a look around but couldn't find an answer to my query though imagine someone here has had this to. I am 8 months from finishing my IVA (it's been a slog but nearly there) and currently equity in finance (EIF) are dealing with a PPI claim. This has been going on for roughly 7 months now and yesterday I…
IVA or Trust Deed - Llloyds will NEVER, EVER lend to you
Hi all, Just want to share my experience with others to warn them and prevent any similar negative experience I completed my Trust Deed (IVA) and successfully rebuilt my credit file. It is now immaculate and shows no negative effects at all. My score is the highest possible on Experian, Equifax and Callcredit. I have no…
IVA - PPI Final Settlement
Hi All, I would be very grateful for some advice please. I am almost 2 years into my IVA now and as a part of the IVA PPI was claimed through Equity in Finance; in total I have been advised that £5779 will be put into the IVA from reclaimed PPI. I had hoped that this would be classed as a windfall and used to reduce my IVA…
does he qualify?
Good evening all just after some advice please. My son was recently told that he may qualify for a dro he really wanted to pay his debts but lost his job and has since been imprisoned.(no judgements please that's already been done) He obviously has no income and no way of paying his debts for the foreseeable future. can he…
SOA for IVA?
I'm still looking at options and am veering towards an IVA now for several reasons. If I were to post a SOA on here, would people be able to give me opinions on whether it might be acceptable for an IVA? I still can't quite gauge what would be acceptable amounts, if I just put what I spend now (on utilities, food etc) it…
Urgent help
Where to turn now just had a letter from iva saying there failing it. My partners not working so were living off my wage we cant afford to pay anything as weve got no spare cash we can only just get by on 40hrs a week minimum wage weve had a six month payment break so cant ask for that now because we cant pay anything at…
Salary Increase & Bonus/Overtime Rules
Hi folks I'm sure this has come up before, and I've searched the forums and found snippets of info but thought it worth posting as a new thread. I'm seeking clarification on the general ruling with regards payment of bonuses and/or overtime. I understand the position with salary increases (50/50 after a revised I&E review)…
Bank Balance in IVA
Just a quick question -
IVA, ppi and completion
I am two payments away from my final payment for my IVA with payplan but reading various forums tonight have got myself all in a muddle so wondering if any one can she a light on the following. 1. Due to a reduction in salary I have for the last year paid 10% less into the pot. Will I have to co tune paying into what would…
IVA ended June 2012
Hi all, As anyone who has read my past posts knows, my final (60th) IVA payment was in June 2012, and I finally received my completion certificate in July 2013. :beer: However, one of my debts was an HSBC loan, and another was a Nationwide credit card (amongst others). When I checked my file, both were still outstanding…
Final Year of IVA
We are in our final year of our IVA and have been asked to remortgage. I sent our latest mortgage statement off and also a current market appraisal that we had done, this appraisal showed that we were currently in neg equity, this was all sent in April/May and to date all I have had back is an email say that they would…
Settlement Advice
Hello, i've just joined the forum becasue i'm seeking advice. A relative of mine has debt problems following a no doubt familiar spiral of ill health triggering panic borrowing eventually leading to unmanageable debt with a variety of creditors totalling almost 40k. They've done the right thing and approached step-change…
IVA Problems - Consultant not paying my creditors
Hi. My problem is simple. I've been in an IVA for sixteen months. Paying £250 per month, regular as clockwork (£4000 paid in.) No missed payments whatsoever. I've recently started receiving letters from creditors, saying I am in default, and that they are threatening to drop out of the IVA and enforce CCJ's, etc. I…
DRO and renting a new house
Currently me and my husband both have a dro. We need to move to a bigger house and have found one we like but will the credit check go through ok? My father will also be a guarantor for us but will that be enough for us to get the house?
Iva,completion & ppi
Here we go,, We received our completion certificates & report yesterday ( yippee) after entering into an iva agreement on 30/04/2008 ( wish we'd done it sooner than that) . Around nov/ dec 2012,, our iva company insisted that we sign documentation for a partner company to persue ppi claims. As the ppi claims monies count…
PPI Interest - do you get to keep it?
I'm sure I was told that you get to keep 8% (the interest) of any PPI claims. Does anyone know if this is true?
Help or Advice
Help or advice please!! I started an IVA with Payplan in February 2011 with a total debt £26,440.47, with 60 payments of £287.99 which would equal a repayment of £17,279.40. A plan I was very happy with as I could start to see the end or years of struggling, and also a structure that I thought was clear and…
help?
okay to try and write a life story here is impossible but in short my husband was declared bankrupt over 3 years ago he was dicharged over 2 years ago, i have not been declared bankrupt and manage my debts okay, he was declared bankrupt through company going under and is now in stable employment we have not applied as yet…

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MSE News

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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
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Martin Lewis: At last a chance to fix Council Tax flaws impacting millions – debt collection, difficulty challenging your band, discounts and more
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Energy complaints to be dealt with more quickly and Energy Ombudsman to get new powers under Government plans
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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
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IVA & DRO

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