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iva mix up
Hi I'm new so sorry if I make a mistake. My husband and I started our joint iva on the ninth of November 2009 and have paid and followed it's terms up to now. In August this year we were asked to obtain a redemption certificate so that our iva company could determine whether we were in a position to remortgage to release…
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Ppi - iva - 8% - creditor
Hello all, I'm currently chasing 2 parties my IVA company and the morons they chose to pursue PPI Claims. My question is as follows, one of my creditors issued a PPI refund after being chased by the morons the creditor then decided not to refund the £ and would apply it to the original debt. I'm not bothered by this as…
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Paying off a DRO
Hi guys. Can't find information on paying off a DRO anywhere, not even on the insolvency service website. I have a DRO that's due to end March 2015, but I want to start paying off the debts because I am now in a position to do so and I don't want to have the financial strain it will put on me for 6 years after... My debts…
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Struggling with IVA
I am currently in an IVA. I started my IVA in June of this year and I had £27000 worth of debts. I took the majority of my loans out in the middle of a gambling addiction. Three from the same provider in the space of many weeks. It was only after my fourth was refused that I realised I had amassed such a massive debt. I…
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IVA and PPI claims
We have an secured loan which is not part of our IVA. We have recently been awarded a large PPI claim payout. Our IVA supervisor says we must pay the sum into our IVA. This means we will continue to pay interest on an insurance that was mis-sold to us. The loan company says the only way to get rid of the interest is to…
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IVA's and Overtime.
Hi All, I've been in a IVA for almost 2nd a half years now and everything has been going smoothly so far. Fortunately I've been able to get overtime at work most months to add additional money to our modest budget. I have always followed the correct procedure and dutifully paid 50% of anything over the original 10% i'm…
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PPI offer after IVA
We successfully concluded our IVA in July 2013 and received our completion certificate and report soon after. Not once during the IVA was reclaiming PPI mentioned to us and we did not think we would be eligible anyway hence why we had not looked further into claiming before, during or since. However, a few months ago we…
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Finished DRO now tax credits are taking payment out
Hi, Hoping someone can offer some advice. In October 2013 myself and husband did a DRO which finished this October. It included an over payment of tax credits from 2012-2013 that we were paying off in instalments but couldn't afford to pay after I lost my job (that's why we got the DRO). When the DRO got granted we contact…
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Equity release from Pension for F&F ?
Not sure whether the relevant legislation is all in place yet but as I understand it there will be an option from April 2015 to take a lump sum from your pension if you are 55 or over. If this is correct, would it make sense to do this for a F&F (17 months of 72 left by this stage), and to then increase pension…
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Debt relief order
came across this on the internet and i was wondering if i should do it? Basically i have catalogues which stupidly took out now i cant afford to pay them i have one which has already been passed on to a debt company, and two others which i am on paying but i just cant afford it anymore due to the interest charges on one, i…
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Debt Free Direct Causing Problems In Closure of IVA
To cut a long story short been in an IVA for over 2 years with Debt Free Direct. For the past year they have been a bloody nightmare. Wanting an increase in my monthly payments making the IVA unaffordable I had to cancel in July. They took my DLA as income and were using it to pay off my debts which I was furious about.…
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IVA advice please?
Hi, new to the forum, hoping someone can give us a little advice....... we're in an IVA, paying a set amount per month and then 50% of any additional monies, guess that's pretty standard? My other half was out of work this summer for 2-3 months unfortunately, and therefore has some arrears. We have no payment holidays to…
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Valuation for partners car in a DRO.
On wisebuyers the valuation for our car in private poor condition is just over £1000 Retail:£2,525The valuations quoted are prices you should aim to pay for a used car, not the advertised price. You should adjust your valuation to allow for extras that were not standard specification. Sell your car now Buy a warranty now…
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Can partner do a DRO soon after mine?
I have a bit of a problem applying for my DRO, many of my debts were only considered half mine and half my partners. So only 50% have been included in my DRO. Now my partner cant pay the other 50% either, which is why it was all in MY application form. Can my partner soon do a DRO including some other debts and these 50%…
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Struggling with my IVA
ok I am thinking about calling my iva company and asking them to look at my finances again, when I first did it my household shopping bills were at around £150 a week for myself and my 7 children, my eldest is 19 and classed as an adult, they told me that I could only have £80 a week to cover food and cleaning etc, I have…
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new mortgage after IVA
hi what are the chances of getting a mortgage after the IVA has ended as we will be looking to move homes do we need to wait for completion certificate
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IVA settlement creditors meeting
Hi We agreed with our IVA on the 25sep that they had all the paperwork required to make a proposal of a one off fee to settle. Since then I have asked on several occasion when this meeting would take place as I was told 28 days to gather all the creditors. It is now November and I am still waiting of a date for the meeting…
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New to MSE, currently considering a DRO..
Hi everyone! As this is my first post on MSE I'd just like to say a big hello to you all. :-) Okay, so I've been browsing around trying to find a solution to a debt problem my OH and I are spiralling down into, and thanks to this forum I think a DRO could be a possible solution for us. However there are a couple of issues…
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2yrs into IVA - want to go BR
Spoke to stepchange this morning about moving from IVA to BR for a friend of mine. They tell me he needs a certificate of discharge from DFD. Having had real problems getting the to act or respond over the last few months, he has cancelled their standing order for November. Is it likely to be difficult to get this? The…
