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chasing joint debt if DRO???
Hi all I am considering a DRO. A part of my debt is roughly £5300 joint debt with Natwest and HSBC - all overdrafts, the majority being Natwest. Problem is - I know they will chase my husband for the whole amount, and this puts his total HSBC debt at around 17k He owns a house in his name only, it's worth about 125k max…
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experian issues DRO
Hi everyone I have under 20k debt so after taking advice I am thinking of ending my joint DMP and going for a DRO. No income/assets/home I obtained my experian report and there are a few issues. It shows 2 credit cards as being OK and 1 payment late. Both of these cards were at a time being paid by my dad (he gave me cash…
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DRO questions
Morning all Just wondered if anyone can help with these questions I have? My husband is considering a DRO but is worried he would lose his job / not be eligible for a DRO as he sells finance at work? He is FCA accredited but does that stop him doing a DRO? He's in sales. His pay varies each month. Some months we scrape…
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1 year left IVA
Hi My landlord is selling the flat I rent I have lived here throughout my IVA. I am trying to find a new flat however today 4 agencies told me that do not accept people with an IVA like I was dirt on their show. I have a full time job and have been in the same job for 18 years. I need a flat to rent I can afford it I just…
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IVA - Joint Loan query
I have an IVA, ending in Sept, which covers a Joint loan. My partner has recently been contacted by Moorcroft Debt Recovery wanting repayment of the full amount of the same loan. Where does this stand legally - can they enforce this even though my repayments of the IVA have been satisfactory and the original lender agreed…
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Bristow Sutor
Hi There, I have received a "Notice of enforcement" from Bristow Sutor. It says that I own money to York council from an unpaid parking ticket. It also says "warrant issued dated Nov 18, 2015" The way that presents the Outstanding amount is: Debt:£112 Interest: Compliance stage fee: £75 Total amount: £422 This is the first…
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MAP (Scottish DRO)- some questions before I go ahead
I had a very long chat with a lovely Stepchange debt advisor and she said my income and assets (or lack thereof) make me a perfect candidate for Minimal Asset Process, which I believe is more or less analogous to the DRO in England. So I'm just waiting on all the paperwork. Still can't quite shake the idea that it's all…
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Dro??
where to start :'( My husband and I got into a hell of a lot of debt, some in my name and some in his, some joint. We currently have a DMP, been on it for about 2 years now, and the total balance is £36,295 at the moment, debt free by nov 2023! Background - I do not work, have two children (age 6 and age 11 months). I live…
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Will my IVA be affected
I have posted before that clydesdale seem to be messing about over PPI that needs claimed for my IVA. I keep have to do letters of authority and twice have had to go into a clydesdake branch to have my ID certified as they are stating they don't know me. I am with payplan and they use creedo claims which I guess is another…
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Help needed!
I have got myself into a massive amount of debt over the past year. Due to working part time, having a child etc. My problem is my friend has acted as my guarantor and the loan repayments are totalling over £800 per month. I am up to date with repayments but it is a struggle. I need to declare myself bankrupt in order to…
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DRO and receiving benefits
Hi there, hoping someone can answer a query I have. I am a full time carer for my husband, he gets DLA and ESA, and I get Carers Allowance and Income Support. I applied for PIP in October, and I have finally heard from them, and my assessment is on Wednesday. My question is, if I get granted PIP, 1) ill get a back payment…
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DRO joint or single claim, dependant financially on partner
Good Morning, How does a DRO work with regards to me being dependant financially on partner, I am a stay at home mum, and my partner works full time, also, what happens if the debt is joint.? Will we both have to do a DRO? Many Thanks
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Bank account switching major problems
My DRO was granted 08/3. I have a lloyds cash card account no debt or pending charges on this account. I opened my nationwide flex basic account before this was granted. I requested a switch from my lloyds account to Nationwide. It was due for completion today but lloyds have now blocked this because of the DRO. Nationwide…
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Dro and ltd comp
After the one year after dro can you be a directer of limited company? Or do you have to wait six years?
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iva
Hi,advice please.I am well into my IVA,we are thinking of downsizing to a smaller house,Ive been excepted on shared owner scheme,What i would like to know is when I sell my house,will the IVA take an amount equal 80% of my equity,or am I allowed to put the equity into my new house to pay in full the 25% of the new…
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IVA and compensation
Hi. Short and sweet. No guessing, just fact replies please as this is very important. If you're in an IVA and you are entitled to a form of compensation, does all the money automatically go into the IVA, or does it depend on circumstances, e.g unable to work, long/short term disability etc... Thanks in advance.
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DRO What are my chances?
Hi I was wondering if someone could give me some advice. I have spoken to debt change and they have advised that a DRO would be my best option. Could some tell me my chances of it being approved . I have stopped all payments to creditors and setup new bank account. My income and expenditure is:- Pay is £575 £140 - Board…
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Equity release advice
I am reposting this I hope on the right board, I have had equity release remortgage advice and told that it is affordable but not yet got it agreed in principle. This is because I have paid 92.5% of original debt and am waiting for calculations from Pay plan to tell me what the final 100% figure is, they obviously dont…
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iva and undeclared money
How seriously do the insolvency people take it when someone has undeclared income from breeding pedigree cats ? Taking about 18 litters a year , no mention of cats made in any of the paperwork submitted. Also person running up bills for solicitors and barristers whilst on iva. It has been reported by many people but this…
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Do I need to inform the banks of my DRO
2 were opened days before my DRO was granted and one was applied for before the DRO but only finished opening today. Little confused by the wording on the DRO " you must not obtain credit of £500 or more, either alone or with another person from anyone without first informing that person that you are subject to a DRO. You…