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IVA & DRO

Archives for January 2015

iva recommendations
hi guys sorry i'm constantly posting looking for recommendations for IVA companies if I did go down this route, I want to make right choice. Also questions I should ask each company
Iva vs br on benefits
Hi advice please, we are in receipt of benefits and iva has been suggested to us, which we felt was a good idea. however we are worried. the other option is BR which is more worrying for us but on reading on here we may not be liable to pay back anything if we are on benefits, our concerns. IVA currently on benefits but in…
DRO - Car Price Help
Hello I'm drowning in debt at the moment and looking in to doing a Debt Relief Order, as recommended by Step Change on their Debt Remedy tool. The problem I've got is that my car is coming up on whatcar (using their free car valuation tool) at worth £1320 at trade price. From what I understand my car has to be worth less…
DRO and bonus at work
Hello. I am thinking of applying for a DRO once I get my amended tax credit award. My boss has said we will get a bonus dependant on sales at work, twice a year but I won't know what it is until about 2 weeks before we get it. How does this affect the DRO, do they check your income after the 12 months is up? thanks in…
Post IVA Credit File
Good Morning I entered in to my IVA in December 2009 and was able to offer a F&F on this in Feb 2013 so this should be cleared from my credit file in December this year. When I received my completion certificate I got copies of my credit file and many of the details/dates were wrong... I spent a few weeks/months contacting…
Post DRO
Hi All! Thanks to my DRO, i'm not debt free! :beer: My DRO was granted 30 July 2012. I have since cleaned up my files, and all debts are showing as settled, with the correct default dates showing on Noddle. (thanks to the templates on here) Now, obviously I'd like to build up my credit again! I have a mobile phone contract…
IVA - Annual Review
Hi I have received the paperwork for my annual review. Looking at my income and expenditure the only thing that has really changed is our mortgage payments. I now pay about £70 less towards the mortgage due to our 5 year fixed rate mortgage deal finishing and now being on the banks standard variable rate. I am concerned…
IVA company want to increase payments ... am i better going bankrupt
Deleted message
Partner refused JSA, I'm in an IVA
Hi all, I'm in an IVA, will be for the next 4 years. All of my money is accounted for, yet because my partner hasn't paid enough NI contributions over the past two years she's been turned down for JSA. I earn above the threshold for my partner to be accepted on income based JSA, but i have no spare money for her to live on…
Payplan remortage advice needed please
Hi, My husband is in an IVA and we are due to go through the releasing of equity this year and just have a couple of queries regarding this. 1. Is it true that when we go for the re mortgage it cannot go over the term of our exsiting mortgage e.g. ours ends in 9 years and 3 months. 2. The amount of the remortgage cannot be…
IVA - Did I make the right decision?!
Hi, Looking for some advice please! I have around £12,000 of debt with a couple of different creditors. Last summer I felt a bit desperate with repayments etc and entered into an IVA with payplan, I think at the point it was just getting to me and I was worried about defaulting on payments so I made a rather snap decision…
DRO - Scottish Council Tax bill
Hi everyone I wonder if anyone can help me with my query. I just got off the phone to the Insolvency Service and the man I spoke to didn't seem too sure. (Which doesn't do much for my confidence level seeing it is that organisation that passes the DRO)! Basically, I need to know if a Council Tax bill from Edinburgh will be…
Boiler condemned and in an IVA ... what next?
I'm hoping that someone can give me some advice please? We had our ancient boiler serviced yesterday (fitted in 1969!), and told that we need to save for a new boiler - fast. The guy who serviced it is a trusted family friend fully qualified gas engineer, so when he says it needs to be replaced, it needs to be replaced!…
rules for renters
I gather that if you are a homeowner on an IVA, you are required to try and remortgage after 54 months of an IVA. However, if one is living in rented accomodation, does the IVA last for exactly 60 months and end? I am just on 4 years into my IVA. I cannot get any information out of my IP. They don't help with much at all,…
RIP OFF ON CAR INSURANCE (c.a.r.s debt )
My situation is a little more confusing and in need of some assistance, i took out a car insurance with a company called “policy wise” who are absolutely s**t. Now upon speaking to a colleague they wanted to increase my insurance due to misleading information. I was not impressed by this due to the fact that they were…
DRO checks
hi, my apologies if this is posted in the wrong place, I'm a forum virgin! Ok, so I've applied via National Debtline for a DRO (debt relief order) I fulfil all the criteria so am just waiting for the forms to arrive. Just wondering while I wait for those, so I can get organised, what sort of documents I'll have to send off…
IVA Questions
Hello all, I was talking with a friend last night and she broke down in tears admitting her and her husband were on a IVA but were really struggling. Both her and her husband work, they hit problems when his overtime dried up. They have 3 children under 10 and 2 small dogs. She said that the IVA Company had told her to get…
Newbie...bank account opening
Hi and thanks for reading... I had a Dro that came to an end may last year. I was married and never then required to have my own bank account(in my name) , used husbands cards etc, just used his account as both of ours, I'm not working so was never a problem. so for the last 8 months plus the 12 months of the Dro ive had…
Iva help please
Hi, could anybody help me please, i entered into my iva in 2011, im coming up to month 54 . this is what ive copyed from my paperwork For the purposes of my proposal, I have included an amount representing 85% of my current interest in the property. "In month 54 of my arrangement, (normally 6 months from the end of the…
IVA question
Hi all I am nearly 12 months into my IVA and things are going well. I have a wife and 2 young children and our car (2002 Ford Focus) is on it's last legs. A friend of the family wants to give us his car (08 VW Polo) as he is elderly and no longer uses it. As the car is small we would look to trade this in for something a…

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IVA & DRO

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