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Views on offering full and final settlement offer IVA
Hi. In my IVA with Grant Thornton, so far I have paid £9,165 (39 months at £235). My debt stands at just under £28k and by the end of the 60 month period (Dec 2015) I am due to have paid in £14,100. My employer has given us the opportunity to apply for voluntary redundancy and I have until 24th March to put in an…
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Ex has IVA and is on joint mortgage
My ex and I had a joint mortgage and have now been seperated for 9 years. In this 9 years he has accumulated a large debt and entered into an IVA. He is 3 and a half years into a 5 year agreement and still on the joint mortgage, which I pay for but he pays me a maintenance to me for our two children. I would like to remove…
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Advise on old debt and IVA please
Hi all, Well this is my situation. back in 2008 I entered into an IVA after struggling with my debts for a long time. I managed to run up debts totalling £28000 with Nat West bank. It started in 1999 when I was young and foolish and took out a small loan. When this loan was almost paid the bank offered me another to settle…
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advice needed DRO not bankruptcy
I had a DRO in april 2011 and have just got a credit report from equifax and it is saying that I have a bankruptcy order instead of a DRO, it is also saying that I still have three accounts that are unselltled. I have spoken to equilfax and was told to make an online enquiry via their website. Please can you give me some…
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DRO question
Hello Everyone I have been lurking for ages and have found the MSE forums really helpful in my 'problem debt' journey. I had debts that i couldn't manage and was on a low income so started a Debt Relief Order in December 2012. This ended (as i'm sure all you MSE experts know!) in December 2013 and the Insolvency Register…
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What happens now, after a DRO?
Hello my Debt Relief Order has ended as of yesterday 13/03/2014. I would like to clear my credit report / file up as i have the following still showing on my credit report. Financial Account Information. Capital One - Balance £121 - Status - Default MicroCredit - Balance £444 - Status - Default EE LTD - Trading as Orange -…
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Iva, struggle general questions
Hi all I was in a debt management plan then went into an IVA as my debts were simply not going down, and it was all old marital debt I got landed with from my ex hubby who stopped working and went onto benefit after the marriage ended. So the creditors turned to me , mediation failed and nothing was finalised via the…
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Getting Credit/HP for Car Loan
Hi All, I have an IVA against my name only for over 3 years. Our joint incomes [mine + wife] are in the yearly review process so all bills payments etc are taken from the same pot and the IVA payment is made up of both incomes. I am lucky enough to get a great payrise. I have notified the handlers and all the additional…
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Redundancy while in IVA
Hi, I am now 3 years into an IVA and being made redundant soon. The wording in my agreement is so ambiguous ("any redundancy payment") and hope they are only going to look at the SRP and not the whole amount I receive. So my question is - are the IVA company allowed to insist my payments in lieu of notice and holiday pay…
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Releasing Equity In The 4th Year
Can someone please give me some advice as to what happens when it comes to releasing equity in the 4th year whilst in an iva. When it comes to trying to remortgage is it our choice as to who we approach to try and obtain a remortgage from or does the iva company stipulate who you go to? Thanks
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Getting on partners mortgage, improving credit rating, post IVA
Hello; I had a lump sum IVA approved and completed in 2012, I had about 10 creditors, all banks. I have searched the forum a little and found some similar threads, but several years old, so thought I would ask with my specific details. I would like to work on improving my credit rating, so when in 4 years from now, I will…
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iva divorce and property clause
hi all i separated from my wife and i am now divorced , we had a linked iva however we had no joint debts whatsoever i have owned a property before we met and married and i still own it now in my name alone witch i moved into after divorce so my question is i year 4 the equity release clause will it just be applicable to…
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One year to go...
I've got just 12 more payments to make till my IVA is complete (all being well). I've still got the inevitable equity release stuff to go through later this year but I'm fairly confident there won't be sufficient equity in my house to have to extend. Just wanted to say to those starting out on the journey... good luck.…
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Deed of Arrangement - DFD
Hi all, I would be very grateful for some help / advice please. I got a letter from Debtfree Direct dated December 2013 yesterday (1st March 2014) due to a !!!! up with royal mail; also got my car insurance documents over a month late but that is another story! DFD have asked me to sign a Deed of Agreement which needs to…
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Lump sum IVA completed... What now?
We have received our completion certificate and just wondered if there's anything we need to do now. I've requested our credit reports from noddle, which show that we are in default on the loans that are on the file. It's still early days, so would like to know when these are usually shown as satisfied etc One entry…
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Iva and divorce
Hi Asking on behalf of a friend who has an Iva although it is in her husbands name he says when the divorce is settled she has to contribute but I can't see how as her name isn't on the Iva any advice thanks
