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IVA & DRO

Archives for January 2014

Newbie Full and Final help needed
Hello all, i'm new here and hope you can help! I'm just under 24 months into a standard 5 year ICA with Stepchange The IVA has proceeded as required with no problems, and Stepchange have been great in a very 'hands off' sort of way However there is soon to be a problem! I've just found out we are expecting a baby, which…
What is life like AFTER an iva?
Can anyone tell me what life has been like after an iva has finished? Have you had any problems you were not expecting or warned about? Did it affect your mortgage rate adversely? (Not getting a new mortgage after an iva but a mortgage you had during the iva)? Did you have to declare it on any forms etc? Did you get kicked…
change of circumstances
Hi How does getting pregnant and first child work - do payment stop while save and get things for baby or are they lowered as we have around £20 a month left after all bills are paid
Iva cheeky, unlawful or sensible?
Still weighing up my options but looking like an iva is the right road to go down. I have a little problem though, well 2 actually. During my dmp, due to unforeseen circumstances last year, i have spent on my very card. When going through my iva information i didnt tell them about this incase i decided to stay on the dmp…
A couple of IVA issues
Hi guys, first time poster long time worrier ! This is a long and complicated and sometimes quite interesting story (question) so please try and keep up J Here’s the background. Sitting comfortably? About 6 years ago now, I entered into an IVA with an ex partner I was living with (and had a child with) at the time. About a…
Pre IVA Bank account
Morning all, So yesterday I faced upto my financial issues and got advice. Via CAB I ended up talking to Payplan. To cut a long few hours short I ended up deciding on an IVA. They are now in the process of sorting this for me. As one of my debts its with my bank I need to move to another bank. Many on here suggest Co-op…
if i was to do iva
How does things like saving for unexpected things work - what are the budgets for phones etv
please help dont like what i have done
Hi all I have just had a telephone meeting with a guy from iva company freeman Jones - about going on an iva - he said he was going to draw up the paperwork etc to send out - since I have come off the phone I now don't like the idea of an iva - have I just signed up??? I have signed no paperwork or anything
CCJ in an IVA question
I had a ccj before I ended up in my IVA and it was included as one of my creditors. What happens when the IVA is finished is my CCJ also finished?
IVA Scam
Hi Martin I took an IVA out 3 years ago in July and I was advised that the agreement was for 3 years and I was expecting it to end in July this year. However when I called the company to confirm that it would in fact be ending this they informed me that it was not due to finish until 2017. I am very annoyed about this as I…
IVA + Spouse's Overtime
Hello! My hubby is in an IVA and declares any extra income each month and has to pay over a certain amount. I have the option of working more (going from four to five days a week) and need to know: If my salary increases, will we have to pay over more to the IP? Would it be better if it was just on my pay slip as overtime?…
Mortgage / equifax / iva help..
I started an iva in 2005 and paid early by full and final settlement in 2009... I now have a decision in principle from natwest for a mortgage via help to buy and on checking equifax this blooming iva is hiding in the notice of corrections! The full application for mortgage is going in on Wednesday, I've emailed equifax in…
Lump sum IVA - creditor not submitting claim
I've been scouring these boards for advice with a situation similar,are to my own but can't find anything! My lump sum IVA was agreed in October, a few of my creditors did not vote, but as the ones who did all accepted it was agreed. Since this time the remaining creditors have all submitted claims to my IP, except one. In…
3rd Party Debt Order
Hi All, Please go easy as I am new. I am in a bit of a situation and any advice greatly appreciated. Background:- I sold my car whilst it was in a HP agreement, intending to settle the account with the HP company who is Moneybarn. Regrettably and I was wrong to do this I know but later when my family had a financial crisis…
IVA & inheritance
Hi, My husband and I took out an IVA over two years ago after getting into difficulty. It has all been going ok, we are one payment ahead, managing our budgets well. My husband was then made redundant. We have carried on making payments but this is being reviewed and we may have to take a break due to such a drop in…
Mortgages during an iva
Hello Would anyone be able to shed some light on obtaining a mortgage during an iva ie the pros and cons of it etc? I've heard you can still get one but can be at a cost like higher interest rates and all that? Many thanks
First Review
Just completed my first review one year into my IVA. The paperwork came through over Christmas and so got left for a while. I completed it quickly and sent it off leaving the budget as it was and making no changes, assuming that repayments would remain the same. Received a letter yesterday from Stepchange (formally CCCS)…
Secured Loan Arrears
Does anyone know how long it takes a loan company to repossess a house. I recently lost my job as company went under and have fallen into arrears. I paying about half the monthly payment at the moment but they say they are going to file for repossession. I have another job now and am just playing catch up and was thinking…
Yippeee iva early settlement
Just wanted to share the news. With 21 months remaining my creditors on Monday accepted a variation to complete my IVA immediately with a full and final settlement. Thanks to my family who offered some funding for a F & F it's all gone through. What a relief. :j
Quick question regarding IVA
Hi My debts are £50K...credit cards, loans, overdrafts. I have £110K (equity) in my home Income is £3700....outgoing is £4800. I overspend by £1100 each month. My loans/credit cards cost me £1500 of money each month. Will I be able to get an IVA considering I have so much equity in my house ?

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