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IVA & DRO

Archives for October 2013

IVA and PPI claim issue, advice please!!!
My husband was in an IVA, which started in 2007, he had some payments deferred and added on to the end and it was due to finish June 2013. In April 2013, he offered an amount for full and final settlement which was accepted by the creditors and was then promptly paid, so as far as he was concerned the IVA at that point was…
IVA and credit file
Hi, I'm new to this forum and I'm hoping someone can explain something to me. My husband and I took out an IVA in July 2013 with Debt lifeboat after getting advice from National debtline. All is going well so far however I have an account with Noddle as I want to keep on top of my credit file and deal with any…
Tyler morgan claims ltd
Hello Puzzled by a letter I have recd from a company called TYLER MORGAN CLAIMS LTD. It starts by saying “as your IVA is now complete we have enclosed a copy of After Your IVA News”. Now I did have an IVA via Payplan at the end of 2007 & I made one payment then decided it wasn’t for me & decided to go BR instead. I let the…
Thinking of entering an IVA
Hi Guys, As the title says, I'm thinking about entering an IVA, but I'm unsure as to whether to go ahead with it. I currently pay my debts by way of a DMP, but it's probably going to take 10 years for me to clear my debts. An IVA is obviously paid over 60 months then at the end all remaining debts are written off. The only…
IVA public info
I know that if a person has an IVA there is a public record showing the person's name and date of birth plus the date the IVA started. Is there any information about what is owed and what percentage of the debt has been agreed upon?
IVA finished but PPI issue?
Hi all Just seeking other views on my recent IVA situation, I completed my IVA last payment in January 2011 and was expecting my closure letter soon after……. 6 months past and I still had no letter but was assured all was ok and It was being dealt with. After chasing this on numerous occasions the letter never surfaced and…
Bank Account DMP
Just about to enter a DMP through StepChange. Some of the creditors are payday loan operators. I have set up a new bank account and arranged for my wages to be paid into the new account. I am in the process of closing my current bank account which the payday lenders have continuing payment authority of. My question is,…
DRO Finished has finished, a couple of questions..
I've just come to the end of my DRO and I have a couple of questions if anyone wouldn't mind helping me.. When is the best time now, to apply for a new bank - where I would have a change of actually having a better than basic bank? How long after, does your credit start to repair? I've had a contract phone throughout, and…
Br ,iva ,dmp ?????
Hello, help please anyone :o We got personal action plan from StepChange (they are brilliant) They suggest BR ,but from many reason we try to avoid. Second option is IVA or DMP. The problem is the value of the flat we left to be reppo. I gave the value to StepChange - 40k shortfall that what we thought will be. Today I…
URGENT advice for IVA
Hi everyone im new to the forum so please be gentle. I need some advice on whether getting an IVA is a good idea as i keep reading horror stories. Basically i bought house in 2007 when i was single. I dont personally think i should have been given mortgage but thats another story. Anyway since then my life has changed…
I'm getting a DRO
getting a dro
Received PPI offer letter - are my DRO accounts active?
Hello, I was under a DRO in 2009/2010. I have received an offer letter from RBS(NatWest) for a PPI reclaim. I understand from these forums that under a DRO my creditors cannot claim the money BUT as the letter states, the money will be paid into any active accounts first THEN by cheque - are they going to try and use the…
Advice Please - Taking On The Family Business With Personal IVA?
Hi, My Mum is looking to retire and pass the family business over to me but I am in a personal IVA. The Business is a Trading As Company not a Ltd Company. She is concerned that the IVA Company (Grant Thornton) will see this as an asset and take money from it. How will this work? How would GT work out what to take as…
In an IVA and wanting a mortgage
Hi Everyone Im really after some advice if anyone can help? Im currently in an IVA and I now have 1.5 yrs to go. I would really like to get a mortgage with my husband but understand that this would probably be a no no. Thing is I checked my credit file and I hold a score of 945 which I understand is very good, so I am…
Any one out there been told bad or wrong iva advice?
I went into an iva in about 1996/7 I can't quite remember. My wife and I were visited at home by a representative of the company. We now realise we were SOLD the iva. We were told that this is an alternative to bankruptcy as bankruptcy stays with you for life and an iva does not. We were told that once the iva was…
Pension Lump Sum and IVA
Hi everybody, I hope you can help with some advise here. I took out an IVA in June 2012 for depts of £28000. This was reduced to 68p in the pound at the start of the IVA. 3 months ago I took 2 moths repayment holiday to finance a replacement car, but apart form that all payments are up to date. Last week I received a…
Debt transfer before creditors meeting!
Hi, I have my creditors meeting next week and have received a letter from NRAm today stating that they have sold my debt to another company. The letter is dated a week after my proposal was sent out. Does this have any effect on the creditors decision or on the meeting is held. The official date of transfer is same date…
A couple of DRO questions, please
We are currently receiving help from CAB for a DRO for my partner and myself. Though we would have preferred to go DMP, the debt specialist suggested we both go for DRO. We had worked out payment arrangements with several creditors, but our larger payment creditors would not work with us at all. We simply cannot afford to…
DRO - Tax Rebate
Hi Everyone, I'm looking for some help with regard to a DRO and a tax rebate. I've just applied for a DRO through Step Change Debt charity and have recently spoken to HMRC and I've been advised I've overpaid tax. I'm now due a rebate which I've calculated between £300-£900, I do not have an accurate figure as I'm awaiting…
Full and Final Settlements
Has anyone had any success finishing their IVA early? I have two years left and if I repaid to the end of the five years would pay in about another 7k from today. Two family members have offered to put up 3k between them for use only as a F and F and the IVA company is happy to propose this to the creditors and will be…

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IVA & DRO

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