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IVA & DRO

Archives for November 2013

Finished iva in feb no completion cert from GT any advice
Hi I finished paying off my iva in feb after 6 long years and I am still waiting for completion certificate. I have contacted them and they say it will take 6 months, this has now passed. I keep ringing and get no phone call back. I have no letters apart from them waiting me to allow them to claim ppi. I refused and signed…
Avoiding CCJ's
I have had a date for the CCJ, is there any possible way to avoid it? Only a few more years until the 6 years are up. If this CCJ goes through the 6 years start again. I am out of work and am not able to pay even £1 per week, they know this but still want to go ahead with the CCJ. My Dad has said possibly he can lend me…
Discovered huge default from Max Recovery whilst on an IVA!
Hi, My husband and I have just been checking his credit file as he finishes his IVA at the end of this month and we were hoping to take advantage of the Help to Buy Scheme and get a mortgage and we wanted to see where we stood with all that. However upon opening his file, we've found that there is a default notice from a…
Only just occurred to me and a bit miffed
Our IVA is 5 years but we have to remortgage and release equity if we can which is fine. But 3 years in, the end is in sight and It occurrs to me, nobody is going to remortgage us are they? Which means we have no option but to stay in for an extra year. None of this bothers me so much - its our debt, its only right we pay…
SOA Help
Hi all, I am in a situation where I am seriously considering bankrupptcy, for the backstory please view http://forums.moneysavingexpert.com/...8019&highlight= From the advice I recieved I have filled in an SOA and will attatch below. I would be gratful of any advice regarding expenses on it and what else I can include to…
IVA 'v' Banruptcy
Hi, At what point does it become realistic to consider an IVA rather than bankruptcy? For example if I have equity in my home and will be subject to a hefty IPA, if I will end up paying 60-70% of the total debt, is it worth Bankruptcy, or would an IVA be better?
Response to my NatWest PPI offer letter
I sent off my acceptance letter to RBS and got this reply: It then goes on to tell me "if we were unable to verify your signature go into a branch with ID etc etc" I was under a DRO which completed in 2011. I banked with them for years with current accounts, loans and a credit card. Why can't they tell me WHICH one it was,…
Debt Management Programmes
I have had a telephone conversation today with someone from Gropher Money about a Debt Management Programme to help pay of my debts and consolidate so I only have one payment a month. Can anyone give me advice as to whether or not Gropher Money is a good company etc? Kind Regards
IVE review
could anyone tell me in an IVA is the amount allowed for "housekeeping" a set amount, or does it vary on my partners review he is allowed 313.00 which has been the same for the last three years Many thanks
DRO and Inland Revenue
I am a discharged bankrupt and because my house was not immediately repossessed due to negative equity, some debts have been added to a DRO recently. My question is do I need to let Inland Revenue that DRO has been granted and will they they create a new tax reference number like they did following my bankruptcy? Can't…
IVA concerns with company
the company I have an IVA with have been really good to be honest, however.. I am now concerned that I received a call from one of the creditors, whose debt is now under the IVA previously my debts were with a debt management company and not going down any time soon, so I moved to an IVA because in 5 years I will be debt…
Post IVA - Card rejected from southern ticket machines BEFORE pin has been entered
Hello; I had a lump sum IVA approved and completed last year, hooray! I have a visa debit card from Co-op, no overdraft, hooray! For past year or more, if I try and use the card on certain train ticket machines (I think southern , possibly another rail company as well) the machine just spits my card back at me, without…
IVA Equity Release: Remortgage vs Secured Loan
This subject has again been the subject of recent debate on another forum: IVA customers seemingly being compelled to take out 'secured loans' at equity release time. I must emphasise, that the IVA customers I've come across currently encountering the issue of being offered sub-prime secured lending, all have pre-2010…
Clear Debt IVA Firm
Hi Thinking of using the above firm for an IVA. Has anyone had experience whether good or bad with this firm?? Would appreciate any first hand experience of them. Thanks:beer:

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MSE News

Ofgem proposes new 'no standing charge' Price Cap – but Martin Lewis warns vulnerable customers need to be opted in or it won't work
Ofgem has today launched detailed proposals for a major shake up to its Energy Price Cap that dictates the price over 80% of homes in England, Scotland and Wales pay for their energy bills.
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
If you're a Lloyds, Halifax or Bank of Scotland current account holder, the interest rate you're charged for using your overdraft could change soon as part of a fees shake-up. The Lloyds Banking Group, which owns all three brands, says millions of its customers will pay less after the changes – but a "few" will pay more.
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 low-income 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.
Martin Lewis: At last a chance to fix Council Tax flaws impacting millions – debt collection, difficulty challenging your band, discounts and more
Major flaws in the Council Tax system in England could finally be fixed in future, as the Government has launched a wide-ranging consultation to review hideous debt collection practices, the difficulty of challenging your band, the overly complex and horribly-named Severe Mental Impairment discount and more. MoneySavingExpert.com founder Martin Lewis, who has long campaigned on these issues, shares his response and analysis.
Energy complaints to be dealt with more quickly and Energy Ombudsman to get new powers under Government plans
If you have a complaint about your energy firm, it may be resolved more quickly in future, as the Government has announced a raft of proposals to strengthen consumer protections in the energy market. The planned changes include giving the Energy Ombudsman new powers to force firms to comply with its decisions – but it's still very early days. Here's what we know so far.
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
The Bank of England has held the base rate at 4.25%. Below we explain why, when it might be cut, plus what it means for your mortgage and savings.
Applied for South West Trains 'boundary fares' compensation? Act now to claim it
If you applied for compensation from South West Trains before the deadline in January 2025, you now need to provide your bank details to the claim administrator so it can be paid to you. Here's what you need to know.
Winter Fuel Payments to be reinstated for millions – Martin Lewis explains how it'll work, what it means and if it's an improvement
All State Pensioners in England and Wales will receive a Winter Fuel Payment this winter, though those who earn over £35,000 will see it clawed back through the tax system. It means nine million pensioners will get the £200 or £300 top-up. Here MoneySavingExpert.com founder Martin Lewis shares his instant response and analysis, and we include answers to your key questions.

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IVA & DRO

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