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IVA & DRO

Archives for February 2014

DRO help please
Hi, So I am pretty certain I am going to apply for a DRO. My debts are currently £5765 loan (took out when I was 17, not made a payment since 2009) £4717 HPI car finance £340 Next catalouge £779 HSBC credit card. My question is, the what will happen with the HPI'd car (I don't want it, can't afford it :( ) Will they just…
uh-oh have i messed up beyond reair?
ok so i have been on my iva for 7 years and i have £5,400 to pay on a remortgage i cant get. and i have about 5,000 to pay back because of overtime i never handed in. so in total around £10,400 to pay by august 2014. so i don't think i can pay that so what happens next? please no hahaha's your screwed and such a like…
Advice on what to do next
We have paid all our payments due under our original IVA agreement. We then tried and failed to release equity from our home. This was part of the agreement - if we could not do this we had to pay an additional 24 months payments. We could not get a mortgage so we paid an extra 24 months payment. These payments ended last…
post iva and ppi
I had a joint IVA with my wife now settled in Oct 2012 and received a completion certificate January 2013, since then I have claimed back some PPI and miss sold bank account/charges. I have received a cheque some time for the PPI and have been told that I am due to get another pay out for the miss selling bank account. My…
iva completion certificate recived about a year ago
Hi I received my iva completion certificate about a year ago I have now claimed PPI and the PPIcompany sent the cheques to my iva supervisor and they won't return the money to me my completion certificate says fully implemented .I would like to know if Iam right in tthinking that fully implemented means that Ihave for…
potential problem with my DRO?
Hi, I can't seem to find a simple answer to my problem, thought I'd try here. In 2011 I took out a DRO after a change in my circumstances meant I could no longer afford certain bills. One of these bills was for a career development loan. I had been getting letters, and had written to the bank informing them of the DRO to…
car insurance
If you have had a DRO, does it mean you have to pay car insurance in full or can you still pay DD?
Employment after an IVA
I've recently completed my IVA (slightly early than scheduled) but understand it will remain on my credit file for the duration of its original term. Can anyone tell me whether its now possible for me to work for an FSA regulated organisation such as a large insurance broker (Churchill, Swinton, Zurich, etc..) My…
DFD - no Completion Cert!
I'm with DFD and although my IVA arrangement finished 11 months ago - they wont issue Completion certificate - apparently due to o/s PPI claim. However, if I'm still financially liable until the CompCert issued - how can this be right?? In other words - the IVA was not for a 5 year period as promised(which I complied with)…
Help Cleaning my File
Hi I have recently received my completion notice for my IVA which started in September 2008. I have checked my credit files which look correct with the exception of one entry which is Provident. As far as I can see they are still showing the account as being live and not as defaulted (it was included in the IVA and the…
Failing IVA
Just wondered if someone can help out? If an IVA fails after 3 consecutive non payments, who is responsible for paying the bankruptcy fees? I am asking on behalf of my parents who have been told by Kingsgate Insolvency that they would be responsible for them but I've read elsewhere that the IP is the one who instigates the…
Letter from DFD
Hi all, just after a little advice before I ring DFD. I am almost at the end of my IVA (three payments left, wasn't able to remortgage so currently this is year 6). I've received a letter from DFD along with a variation proposal which basically implies that it should make ending and closing up the IVA more efficient, funds…
Life after DRO - Broken down car
Good morning, I entered my DRO in May 2011 and completed the moratorium period in May 2012. Things in my life have vastly improved without need for any credit since this 'life line'. I am not on a high salary, however I get by reasonably comfortably each month. This morning when driving to my new job (second day!) my car…
DRO Questions
Evening all I have being reading the countless pages about DROs and people's experience with them I'm currently considering a DRO as the debts are just getting hard to keep up with. I currently have just two creditors I owe money two,6k each.defaulted 2009 the other 2012 I have received a summons for the 2009 debt I fall…
IVA Advice - nearly there!
***Post moved*** Hi I am new to the MSE forum but wanted to join to obtain some valued advice. I am five years into a six year IVA with Grant Thornton LLP, the original IVA was for 5 years but my mortgage provider asked for an additional year to be added to claim more money back as an unsecured loan was taken with my…
Savings during an Iva
Hi currently in an Iva and husband has secured a good job. Although we will have to declare increase can we start saving as part of our outgoings or do we have to make all the cash available
Mortgage post IVA
Hi there! I was wondering if anyone knows who offers mortgages to people post iva? I started an IVA in feb 2009 and had it satisfied in June 2010. My credit is now all looking good and have a credit score of 993. Just want to get on the property ladder and try and forget about this IVA! :( Looking to get a mortgage of…
Self Employed: Company Car?
Hi, My car is riddled with unreliability issues, and so I would like to change it. I know that normally I should speak to my IVA company and ask for a couple of payment breaks to fund repairs or buy another banger. Trouble is, that I have got a new contract which is quite a commute (I live in Southampton, and now have to…
IVA/DRO advice please
Just wondering if anyone can help with a question? I am currently on a DMP with Payplan, have paid off around 2K and balance is now down to around 13.5K. Our circumstances have changed drastically recently and I am now paying £70 less per month than I was (£40 per month is new payment). The advisor at Payplan has suggested…
IVA and Self-employment
Hi, my Husband and I, after years of struggle and stress have finally decided the only way forward is to petition for Bankruptcy and are in the process of preparing the figures for our SOA's. We are both in our early 50's and have worked as partners in a business for many years (consultancy so no staff or fixed assets) and…

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IVA & DRO

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