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Iva draft-what do i check?
Hi, I am about to get my IVA draft proposal through for me to check over and then i have an appointment on friday to discuss any questions. Well my first one is....what do i need to look out for? Are there any basics i should be making sure are included? Is there anything i should be looking for that i need taken out? Any…
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IVA Please advise
Hi, Like many others I stupidly got myself heavily in debt, which I will always regret and will never do again. My debt was about £40K and I now have an IVA. I have about another 2 years to go and have paid £8670 so far, not sure how much of that goes to my IVA Practitioner. I'm now in a situation where my relationship is…
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iva moving out of parents
Hi, I'm almost 2 years into IVA with GT. I'm in the process of moving out of my parents and in with my boyfriend. My disposable income will be reduced when I do this. will this be acceptable. we will split the bill 50/50 as out incomes are similar. I'm currently paying £216 and was paying £250 to my parents. living with my…
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Can you be made Bankrupt by your creditors?
Help please? I have just had a letter delivered to me by hand from a solicitors regarding debts I owe to a mail order company and my currant Bank. Total is £3,102. They are saying the creditor can and may get a bankruptcy order against me? One of the mail order companies i have been in dispute with for over 5 years just…
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DRO queries for Daughter
It's been a while since I've been active on the boards. I am very close to my 6 year BR mark but I'm here seeking info for my daughter. She has a car on HP and the balance is in the region of £7,000 although the car is worth probably half that. Actually I just looked up on auto trader and it is coming up £4,600 private…
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IVA - Making Progress!
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 secured mortgage. I…
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Dro & provident. Not taking no for an answer
Sorted Dro, all in place now. I'm 5 weeks behind with provident. Just shown her the order and said no more payments etc, agent did not like it at all, I received a mouthful of abuse and she then walked off. Now receiving text messages from her, threatening legal action! Am I right in saying they can't do this as they are…
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What would you do?
Hi I have previously posted on here regarding an iva which I was told can be done for £50 per month. I had some helpful replies but can't find the thread now but anyway I would like some opinions about the following please: Total debt: 13700 to 4 creditors - interest has been frozen. Currently on dmp paying £40 pcm (was…
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In an IVA and need name off mortgage with x
I am currently in year 4 of my IVA. My x husband bankrupted himself just after we split up in 2007 and I ended up taking the hit for debts that had both our names on. The mortgage on the property we own has always been paid and he continues to live there. He has paid the mortgage from 2009. There is no equity in the…
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CCJ whilst in a DRO
Hey guys, I received a CCJ in December about 2 days before my DRO was finalised. The court were asking for about £150 a month for 3 months to pay off what I owed, however upon listing Capital One (The debt I owed) under the DRO, neither the company or the courts have been chasing me for any money, no communication at…
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Iva/dump missing payments
Hi all, Need some help and advice. My ex partner and I had a joint loan with Halifax. In 2008 he entered into an iva and I started a dmp. His iva came to an end at the start of march this year. Both his iva and my dmp were making payments to the joint Halifax balance. He got hold of a copy of all payments sent to Halifax…
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IVA f&f
Just wondered if someone could offer some advice please. I believe I might be in a position to offer a f&f settlement. I am half way through my IVA,( 6 year term) currently paying @230 per month and has been similar throughout the term, low return though of only around 15%. there's a little over £8000 to pay. I have been…
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Ray of light?!
http://www.bbc.co.uk/news/business-26692111 Found this on BBC news this morning, could this be a ray of shining light for those of us in IVA's with debt management companies?!
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After a DRO
Hi, I am new to this but my DRO finished on the 6/3/2014 and I was just wondering if I am ok to TRY and start saving in the future or whether this would go to my previous debtors?
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IVA Full & Final Settlement
I made a full and final settlement on my iva in January 13 it was accepted but one of the terms was that it had to be kept open for a maxim of 12 months to claim back any ppi. I should have received a completion letter January 14. I have spoken to my practioner today they told me they had held a creditors meeting on the…
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Once Dro is approved..
Hi folks, 2 weeks ago, I got my DRO approved. I believe that once its approved, a creditor cannot ask/pester/etc, for money after this. My question is, how long could/may it take for my creditor to be told of the DRO once its approved? I recieved a letter from them today telling me of payments I missed and that I need to…
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Help please regarding pension payout
My husband is 2 years into an IVA.Yesterday's news on pension annuities has got us thinking .He is 65 next year and will be due a pension which has been held in a freedom bond for many years.The pension pot is guarenteed to be £13,000.If he was allowed to take all the pot out instead of buying an annuity would this be…
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Car valuation? 3 under 1000, one is 1020?
Hello, I'm about to apply for a d.r.o. I didn't mean to get into this mess, but either way I'm 10k in the red and struggling. Payplan and stepchange have both admitted I'm ok to apply for this. Received the form today. Only sticking point is the car before I send it off.. The valuation has come back with 4 figures, trade…
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Help - How to contact companies on credit report before DRO
Hi, Im in the long process of helping my mum sort out her finances and get things back on track. She is unemployed got about £7,000 worth of debts and various stuff on her credit report. I have her credit report and list of companies. She does not have account numbers etc and all letters went straight into bin :mad: I need…
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Getting a mortgage after completing an IVA?!?
Hi All, After numerous years in debt followed by a further 5 long hard years I completed my IVA in September :) :j I'm now trying to move on with my life and rebuild! I'm at a point where i am living in shared accom and want to move out - this will either be to a decent rented property or potentially somewhere i buy. My…
