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Creditors in breach of IVA terms!
Good evening, I am looking for some information from anyone that works in the world of IVAs. I am doing some research for my brother. He started an IVA in 2007 and completed it in Dec 2012. He got his certificate in May 2013. I spent a lot of time last year, trying to get 1 bank to update his accounts and then close them.…
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Post IVA Credit File clean up
My IVA was finally successfully completed,after 6 years,in Dec 2013 and I received my certificate of completion last month. I have checked my credit file with the three main agencies and there are still three defaults showing even though these were included in the IVA.I have contacted the companies and sent them copies of…
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IVA help/ Question?
Hi there Wondered if there is anyone out there that could help me answer a question before I ring my IVA supervisors. I am nearly 4 years into my IVA. I was due to pay them a total of 13680, I have totaled my payments so far to them and as of my 4 year anniversary i would have paid 13721 as I have been sticking to paying…
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Confused With IVA
I've been on my IVA for 2 years now. I have some concerns with it and was wondering what I can do. My debt is as follows: Halifax Loan - £7K Halifax Credit Card - £3200 Virgin Money Credit Card - around £900 ish Littlewoods Catalogu roughly £300 My income is £888 per calender month. Debt Free Direct say I can afford £130 a…
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IAV ended now need mortgage?
hi My IVA ended June 2012 (satisfactorily, started May 2007) and we now need to get a mortgage. I've been told by our broker that Halifax will accept me however they only offer a 2-year fixed (Help to Buy) whereas we'd like a 5-year fixed. Nationwide provides a 5-year fix under the Help to Buy, but the broker is concerned…
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IVA and equity release
I have an IVA proposal in front of me. The company arranging the IVA state it's touch and go between IVA and bankruptcy. The crux are two buy-to-let flats I own with a small equity in both. I want to keep them as I don't have a pension. The IVA proposal almosts doubles towards the end as they want me to either re-mortgage…
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DRO help please
A friend is struggling and I'm trying to help, however her husband does not know about any of the debt. She owes about £5k she lost her job in November and has now become a full time carer to her disabled son. She is in a massive state emotionally. Firstly, does she have to include her husband in the dro at all? They have…
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IVA and partners bank account
Hi All I have had my iva approved this month which is yay :j my joint account with my partner is frozen and he went into our bank (Barclays) was completely honest with them and he opened a new current account with them with a debit card as did I but I could not have internet banking with them - fair enough. Barclays over…
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Promotion and Pay Rise
I'm getting a promotion and hopefully a pay rise, little bitter sweet as it comes as a result of a sudden passing away of a relatively young colleague. Has anyone had an experience of a pay rise during IVA as I'm wondering how it will be dealt with. I've read my IVA documents and it states 'you must report any overtime,…
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Entered dro, now southern electric wont allow transfer
Hi all, will be grateful of any advice. Brief outline: Entered a dro which was signed off about 2 weeks ago. 15 creditors named on it, one one Southern Electric. This was my energy supplier, doing gas and electric. When the dro was approved, the gas and electric were about to be disconnected. I applied to another supplier,…
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End of IVA Help Please
Well it has been a long, long 6 years but at the end of April our IVA will be finished! :j As the IVA was registered on the 23rd April will it just automatically fall off our credit file? Most of my debtors were also registered in April, so after that our file will be clear. Does our credit score improve after this or will…
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PPI win taken all from me
Hi there, Was wondering if anyone could help me. I recently won a ppi claim of just under 4k. The bank had sent my cheque to my iva company who have claimed it all and stated I won't see a penny of it and also won't shorten my iva length. Is this correct as the iva company didn't even tell me when they received it, only…
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New IVA questions.
Hi all, I'm waiting for my draft IVA to come from GT. Just a concern about the equity in our house I don't fully understand the iva terms regarding it. At the moment we have a mortgage of £114k with 19 yrs to go. The house is joint owned. The house is worth approx £165/175k leaving some equity £50kish. Our mortgage is £750…
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New info-new choice-please help
In light of recent information i have found out, i find myself reassessing whether an iva is now not such a good choice for me. I am currently in a 26 year dmp. An iva has been suggested as a better, faster solution. As it stands in 5 years time i could have 7500 equity in my home to release. If house prices increase by 4%…
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IVA and Inheritance.
Hi all, I recently got some advice from SC who put me on to Grant Thornton. After 2 decades of juggling credit cards, loans and remortgage's. The debts have kept growing and now I'm heading towards 50 I've had to admit defeat and except I can't make the payments. An IVA has been recommended so I'm awaiting the draft…
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Wow, gobsmacked at 2014 IVA protocol!!!
Ok, so i have been asking questions on this forum regarding an IVA. I have many helpful answers. However, i received my IVA draft to go through and had an appointment today to ask any questions. The protocol states: 'Remortgage includes other secured lending such as a secured loan' My question is simple....what does this…
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IVA coming to an end???
Hi, we are nearing the end of our IVA and in line with the contract agreed to get our house valued in month 54, I already knew that we wouldn't be able to as out LTV ratio is higher than 85% so figured that we would just just have it extended for another 12 months but then today this came through the post.... ...In…
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And Breathe....
Just wanted to say thank-you to this board for all the support received. I am pleased to announce that last Month we made our 'final payment' into our IVA with Step Change... The next task for me will be to start working on clearing up our credit files... :j
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can I join a cycle to work scheme on an IVA?
My IVA was granted last week and I was on a cycle to work scheme last year. The deductions were shown on my payslips and there were not queried. My scheme has finished and I need to get a new bike. Can I join a new scheme whilst under an IVA?
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would a DRO be a the best option for me?
Hello, I am currently on benefits ( jsa under 25) and have debts of nearly £5,000, I have been severely struggling to pay my monthly payments on my debts( 2 credit cards, a store card and a catalogue accounts, the vast majority of the debt is with the 2 credit cards) my current minimum payments are £172 each month credit…
