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IVA & DRO

Archives for August 2016

DFD IVA Closure
Hi, Can anyone please advise me how long IVA closure usually takes please? My creditors / Debtfree Direct agreed my closure on 16th March 2016 after accepting a full & final payment, 8 months early. I called them today and they told me they would email the closure team to find out progress, however I received mixed…
IVA / Public Liability insurance
Hi I am currently in the first 6months of my IVA, I am self employed but only part time in the construction industry. One of my clients is insisting on me having Public Liability insurance which I am really struggling to get accepted for. I have now tried probably 10 companies or brokers. Does anyone have any advice or…
IVA final hurdle?
We started our IVA back in November 2010 and we are now at the stage where we are being asked to release equity. Our IVA practioner has a sister company that is looking into the remortgage and has told us that we have only one option Magellan. Has anyone else ever used Magellan and how easy is it to get a mortgage back…
Cancelling iva or not?
Hello Im just after some opinions and advice, basically I started an iva in April of last year without really thinking about any of the inconveniences I was going to be left with in the future. I'll cut straight to the chase but I have been offered a job where my income is going to be significantly increased, I am in in…
iva completed
just a little update 6 yrs and £36000 later 73% in the pound paid back, completion certificate in the post today :j felt it would never get here but so relieved its all over even though it was hard at times i got there in the end . so good luck to all of you still battling , the light at the end of the tunnel will get to…
Iva advice
I have just settled an Iva one of the debts was Halifax overdraft, this was a joint account with my husband who was not in the Iva He has been paying Moorcroft £20 per month we are both being asked to pay the same overall balance Now that I have settled the Iva surely the debt should be now be finished, if both of us are…
Defaults still showing?
Hi all I had a debt relief order dated 17th September 2012 all my debts are shown as settled except 1 with barclays, is this acceptable or should that also be settled by now? Thanks
What path to take..?
This is my first post, so hi everyone :) My situation is nothing new, Initially got a credit card to cover some living costs, then all of a sudden a couple years passed and I'm +£10k in the hole struggling to keep on top of everything. My debts aren't massive compared to some, but it's all relative I guess, & I am…
PPI refunds when 100% repaid
We completed our IVA over 18 months ago. In the end (as one of our creditors chose not to claim from the later settlements) we ended up showing as having paid 100% of the debt back, as all other creditors were paid in full. However, there were still PPI claims being pursued when the agreement ended which we have heard…
Beyond stressed :(
So according to Experian, my debts are £20,336.00 along with a £1500 overdraft and a £8700 overpayment from HMRC. Basically drowning in debt and feel like my life is ruined. I've just admitted defeat and accepted that my business venture isn't working out and have applied for Income Support in the form of Universal Credit,…
Need new car
Hi everyone. I'm new to this forum, but here goes. I have 6 months left on my IVA which is in year 6 now. I need a car which I have found and I can have the finance at an incredible 7.5%. I think the finance company have missed my IVA. If I don't tell my IVA company about it, will they find out? What they do if they did?…
credit card question.
When I entered into my IVA I had credit cards with vanquis and one of the other credit builders. I was in debt with vanquis but not the other but I handed them over as I was told I had to. However vanquis keep sending me emails saying your credit card is ready for you blah blah. When my IVA is finished would vanquis give…
paying more than originally stated
When I set my IVA up it was stated that I would pay back 37%. I have already paid back 37% is there anything I can do to not pay anymore? or do I have to keep paying until my IVA finishes is March?
Dro finished :)
Cannot believe how quickly this year has flown... My DRO is officially over. The 'relief' I expected to feel when my DRO was approved did not actually happen- rather today knowing it's all done has brought that relief. Just wanted to post to show those currently going through a DRO that there's light at the end of the…
worried im going to loose house through divorce and IVA
Hi 1st post! I would really appreciate some help! I'm a single mum of 2 young (primary school aged) kids. I have a mortgage of £750 a month which my ex is paying in lieu of maintenance which he doesn't want to pay anymore. I've asked the mortgage company if they can help me by reducing my payments somehow but are not…
how long does a ppi claim take?
I have been trying to claim ppi from clydesdale for the last year. About two months ago I actually found all the account details which they have now acknowledged. They recently sent me a letter saying they are investigating. How long will it be before they say there was ppi and make a payout?
How to deal with creditor
I'm still waiting for the dro forms to come through the post from step change. I've missed a payment to sunny, should I let them know of my situation? How should I word it? Many thanks
Totally unsure what to do
Hi folks, I have recently found out that my expartner is in the process of taking out a DRO against a joint loan we had, now I have been making payments to this loan but now they have stopped all credits to the account because of this DRO, natwest advised me that this will make me fully liable for the loan , they have said…

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IVA & DRO

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