-
DRO & mobile phone
Hello, I was wondering if anyone has renewed their mobile phone contract while on a DRO? I am confused as to whether this would count as taking out credit - I know you have to stay within £500 while in the 12 months! Any advice would be appreciated! :) xxx
-
IVA neverending
Hi, my wife and I entered into an IVA with DFD back in August 2009 and was originally paying £321 into it, on a finance review DFD increased the payments to £468 which is what they are at currently. we had a 6 month payment break in 2010 as I was made redundant, it is now 2015 we have made 66 payments into the iva…
-
Will moving in with my mum affect her IVA
I have my own debts that I am struggling to pay and am likely to move back in with my mum and will be claiming benefits after I have done so. My only worry is that this may affect her IVA. I don't know enough about it as I find it all very confusing. She's been on it for nearly 2 years and I don't want to mess anything up…
-
Dro jul 2015 advice please :)
Hi guys new to this forum so I hope I am posting correctly and in the right place! Basically after getting some advice from Payplan they have advised that a DRO is the best solution based upon my circumstances. I do have a few questions however.... 1) I get a standard salary that appears as BASIC PAY on all my payslips.…
-
Full and final settlement advice
Hi looking for a bit help I have an IVA and started 02/07/14 and pay £127.37 a month for 46 months then £302.76 for 13 months total payback of £9794.90 So far I have paid £ 1655.81(including payment due this week ) so have outstanding balance of £8139.09 My question is my dad has offered to pay a lump sum to settle the IVA…
-
Creditor in DRO asking for letter from Insolvency Practioner??
Hi all, I was subject to a DRO which was discharged and completed in Januraury of this year. Following this I used a template letter provided and wrote to all the creditors asking them to mark the account as settled and follow the correct procedure. Most of the creditors included did this with no issues, but several have…
-
Public Audit Bureau real or scam
I have just received the following letter: Dear Mr ***** Completed Individual Voluntary Arrangement (IVA) We would be greatful if you would contact us concerning matters regarding your completed IVA we have information that you should be aware of concerning a recent High Court decision that ruled in favour of completed IVA…
-
Challenging a DRO
Can anyone tell me what happens when a DRO is challenged by the creditor? What time scales are we looking at? What will the OR do / request from the debtor?
-
getting a mortgage 6 years after dro
Hi, I'm just coming up to the 6 years after my dro and I want to look in to getting a mortgage. I understand that my credit file will be cleared and i know that if a lender asks me if I've ever had a dro, I have to declare it what id like to know is does every provider ask this, And secondly if they do know will that be an…
-
Level of debt for IVA
Hello, Some of you may know that my son had and IVA which failed recently. He was paying £200 per month and it ran for almost 3 years. Does anyone know what his level of debt was likely to have been (is there a calculator for this?). Also what is likely to happen a) to the money already paid in and b) going forward. I do…
-
New to this.... IVA/MORTGAGE/PPI
Hi I currently been doing my parents finances as I have seen the effect its having (only just started to understand the past year to what extent this is) and I need some advice... I have been going through PPI claims ect (paperwork older than myself) and managed to claim back PPI on 8/10 loans, anything other is currently…
-
IVA confusion, IP awful!
My mum entered into an IVA 5 years ago along with her business partner and they have a joint PVA on their business. Last year they were subject to a variation and all were extended, my mums is due to finish next May. Since then the business as closed down as her partner was diagnosed with cancer, he passed away at the…
-
Problems with Debt Free Direct
I've been on an IVA since June 2012. First annual review went fine, with no problems. Second year however, different. Because I received a couple of pound extra a week in benefits, they increased my payments by an extra £45 per month. They then calculated my DLA as income, leaving nothing for health care costs. They also…
-
iva advice
Hi folks Im in an iva since September 2015 through money plus. My problem is my 1995 transit van which I need for work needs to be replaced earlier than I had hoped. I have no savings and Im not sure how things work with ivas about getting a loan or finance to replace the van. I do have a frozen pension worth about £12500…
-
Month 50 of IVA
We have today received letter from our IVA provider and requesting the following information: Mortgage redemption statement - can we just send copy of latest statement? An open market valuation - how can we get this? two offers of re-mortgage - how can we go about getting this? Thanks for all your help, just need some…
-
Ppi claim
Hi got a quick query on PPI, I have finished my IVA and had my certificate of conformance sent to me, to confirm the IVA has finished. If I wait a few months and apply for a PPI will the money be mine or will the finished IVA be able to claim the money
-
Help please asap
So we have been in our IVA since Dec 2010, never missed a payment. We were asked to apply for a remortgage as we have equity in the house but we couldn't get a remortgage and as it wasn't a claus in our contract we refused to take out a loan. All of this was accepted in May and it was agreed we would go on to complete a…
-
DRO benefits increase- help!
I've had my DRO in place for less than a month and I've had a change in circumstances, my ESA has increased. I was expecting this to take months. Just when I'd managed to relax I'm back at being terrified of what will happen and not sleeping. I know I need to notify the IS. What is the best way to do this? In a letter?…
-
IVA - end of mortgage term/equity release
Advice please. Our mortgage is due to end in 10 months (I am 60 and husband 61). I am in the last few months of an IVA and have been asked to release over £25k equity on our house, I expected them to request some money, so this is not a question about that. Our mortgage provider will not talk to me about additional…
-
Some Advice Please
we are approaching the 1/2 way point of our IVA, it has been tough but we are managing My wife hasn't been working but now she is in a position to go back and is hoping to return to work shortly My question is hopefully quite simple I know that with things like bonus the IVA expects 1/2 to be paid in but what happens when…
