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IVA & DRO

Archives for May 2014

finished iva
hi my iva finished i have had my end papers etc now i rec a letter from grant thornton saying it has come to my attention you are in arrears with your iva...and asks me to look for a miss sold ppi form...in another letter i rec from eic with all my old creditors on saying to sign each one ...letter of engagement...i dont…
Defaults still showing 8 months after dro ends
Hi all, as title says my credit file still shows my debt relief order covered debts as defaulting every month? is this correct as the orders 12 month period ended last september 2013. thanks
Noddle defaults
Hi all, I would be very grateful for some advice please. I am almost two and a half years into an IVA with DFD. I have just checked my noddle credit report and some of my debts are showing as defaults and others are showing up to date with monthly payments being made, I assume by DFD. Can someone explain if this is correct…
Housing Benefits overpayments and DRO orders
Hi, I just read few post from Mark regarding Housing Benefits overpayments and DRO orders. I have similar problem and I was wondering if anyone would be able to help me. I had DRO order approved in 2013. I had various debts including Housing Benefit overpayment with Administrative Penalty. My DRO has came to en end in…
IVA- First Creditors Call
9am this morning (Sat) I received my first phone call from Natwest Credit Card. I explained what was happening and they were completely understanding. They put a note on my file so that I don't get bothered by more phone call within the next 30 days. Not to scary with them! I've received my IVA draft yesterday!
Court summons council tax
Can I still include my council tax debt in a DRO if I have had a court summons just before my DRP application went through?
Pre DRO
Hi Guys, Wondering if anyone can help me out. My girlfriend has got herself in a bit of a muddle, running up just over 15k's worth of debt (15,700 to be exact) obviously she can't go for a DRO at this point but was wondering how we could get the amount down. she has one debt of around 1500, which I thought if I offered…
Starting an IVA what to expect?
Hi I am in the process of setting up an iva through Pay plan, I have opened a new current account with M&S will this be okay or will they close it when they find out? I have not asked for an overdraft and currently hold no accounts or debts with M&S or HSBC. I'm hoping to get them to switch my credits and debits across.…
failing IVA
I have been in an IVA with DFD since December 2010. All was going ok-ish until my eldest finished college and started Uni. At that time my income dropped as I stopped receiving child support and child benefit for him. I asked DFD to lower my contributions to reflect the change but they said that my creditors would only…
Obtaining credit post iva
Finally debt free, received my IVA completion certificate earlier this year, my details have now been removed from the Insolvency Register.....absolutely delighted!!! Having learnt some incredibly hard lessons, I would now like to rebuild my credit rating. I understand the best way to do this is to have credit but ensure…
Preparing for an IVA - some questions before we do
Hi all With our recent tax credits renewal our monthly income has fallen by more than £200, which is no longer sustainable along with the three credit cards we have. So we went to PayPlan who have started preparations for an IVA. One of the things they told us to do was get bank accounts set up elsewhere (we both bank with…
IVA issue
My husband has an IVA and HMRC are forcing him to sell our home. Is there anyway we can appeal? We were originally told that, rather than going down the bankruptcy route, he should take the IVA option as he would be less likely to lose his home. That we could pay the debt over two years. Our 5year old is terrified of…
Reduction in income - struggling to complete IVA
I am looking for some advice. I am nearly 4 years into my IVA and just when I thought the end was in sight I've received my tax credits renewal and from this month our monthly payments are dropping by £200 per month. I was just about managing to cope with rising bills before this and now I don't know whether I will be able…
iva lump sum advice
Hello, I have popped across from the debtfree wanna be board. We are currently on a dmp which was due to end in 3 years. OH had a complete nervous breakdown and lost his job. So we have had to reduce our dmp payments. End date now stands at 2060! I rang stepchange who said full and final settlement (we have £4500,) would…
Finishing My IVA Soon - What next?
Hi All, I am due to make my final IVA payment in December of this year! I cannot wait and am looking forward to living debt free, this last 5 years have helped me to manage my money a lot better. I was just wondering if there is anything that I can do now to help to prepare for when I finish? How do I get to look at my…
Payments made to date likely to be accepted?
Ok, I know no one has a crystal ball, however, we are 37 months into our iva, I've had a serious health problem for the last 12 months made worse by my job, spent some time looking for an alternative job but these would mean a massive drop in income which would leave the iva unviable (we pay £235 a month) the iva was…
IVA or DMP?
i have debt of around 2.5k. I want to use stepchange to resolve my fiinancial issues but unsure which path to go down. IVA or a DMP? I want to get my credit rating on track as soon as possible. paying them all off in one is not an option. can I enter in a short term IVA? will this affect me for 6 years even if i finish…
Some IVA advice please. can anyone help ??
Hello my husband and my self are in year 4 of our iva, it is being extended by an extra 6 months due to the fact that my husband lost a few months of work due to a back injury so the iva is now due to finish in aug 2015 for us both. My husband has recently been told that he has to now have an operation on his back it is a…
Opting out of including property
Having read about something similar on here, made me think about my situation. I am just about to embark on the IVA journey after the creditors meeting. I have a buy-to-let property, but wanted it kept out of the IVA as it's my pension instead of having a pension policy. Due to this, I have an extra 12 months bolted onto…
Free at last IVA finished
Well its been a long hard 5 year road but have finally paid my last IVA payment! I am sure it will take a while to sink in, but one thing it has made me do is to live life on a budget and find ways to make savings and not waste money on stuff I do not need or really want, and I will be keeping to these ways now I am…

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IVA & DRO

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