We'd like to remind Forumites to please avoid political debate on the Forum... Read More » This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

IVA & DRO

Archives for October 2016

Have received completion certificate. What now?
After six long years, I've done it. Its finished. The IVA is done and dusted. I received my completion certificate today (and will be celebrating tonight!! So please help, what do I do now? I guessing I have to check my credit score but after that I'm lost. Thanks in advance.
Was thinking Bankruptcy but wondered about DRO - SOA included
Hi there, I've been posting on the bankruptcy boards but it's been suggested that I post my SOA over here as well as DRO might be an option. I don't have any assets or interest in properties. My pension is paid into monthly but is worth less than £2000. Here's my SOA mostly based on calculations I did over the last few…
DRO End
Hi All, ive been in a DRO for the past year with the Moratorium end date being today. :beer: but i juat have a quick question. Checking the insolvency register my entry shows the status as: Currently Subject To Debt Relief Order : Moratorium Period ended on 27 October 2016 Im just a little confused as it says im still…
DRO change postal address
Hi I'm new on here and just wondering if I can have any correspondence from OR sent to my friends address?my dro was granted last month and I don't want other members of my household seeing envelopes with 'insolvency service's.printed on front.thanks.
IVA non-disclosure panic!
Hi All, I'm in my second year of an IVA and have just made a full and final offer to them to settle it however they have asked along with the offer letter to see three recent payslips and bank statements. The only problem with this is that I received a small commission payment from work in August (£500) which I had…
Dro after failed iva?
Hi there, I'm in a huge amount of debt - approx £15,000 that is now a fair few years old. I was left with all the debt from a failed marriage. Had to stop working due to the additional needs of two of my children and lack of suitable childcare to be able to carry on working. I took out an iva but this failed after I…
Savings whilst in IVA
Hi all, im currently 3 payments in on a 5year IVA. I must admit im finding it hard to get my head round it all but i know its the right thing to do. My monthly wage varies month by month due to commision. But when i have a better month am i allowed to save? Or do i need to tell the IVA people? Im worriedd that if i dont do…
DRO Questions
Hi my dad is looking to get a DRO and has a few questions He has some premium bonds for about £2000 will they know about them or is it best to cash them in and close the account. He's rents a TV and is not in debt with them all payments up to date was told by Payplan he can't get a DRO because of this is that true? Thank…
MOT repair costs ideas
I am 4 an 1/4 years into what was originally a 5 year IVA with Payplan but got extended by a year in 2014 due to a variation agreement. so I'm now due to conclude in august 2017 its all gone well but now its nearing its end I'm considering my options as I have an equity release clause and really I just want the IVA…
In PayPlan IVA, now getting DLA - what expense to include ?
Hi, Me & My wife are in IVA with payplan. Mine started Jan 14 & my wife's started in April 2012 and she has done her last I&E review in April this year ( If they do not ask for additional year ) . We have only 1 child and recently he has been diagnosed with Autism. We applied for DLA & given only care component. DLA also…
Frustrated with IVA Process
I have been on a joint DMP with stepchange but due to changes in circumstances I was advised to go for an IVA whilst my husband carries on with a DMP, he has a much lower debt total and would be quicker to pay off with DMP. I received the first proposal from Stepchange IVA and noticed an error so they had to reissue the…
Basic bank account recommendations?
Hi, does anyone know if HSBC accept people embarking on IVAs? Currently with Barclays so need to find someone to move to. Thank you
Petrified of starting IVA
Hi, I am fairly new here after lurking for years... I am really pleased to have found this IVA forum as some posts about them on the main forum have frightened me to death. I about to embark on an IVA after a year of deliberating, burying my head in the sand and accruing more debt. I have been sent a proposal by Vincent…
IVA and overdrafts
Hi, I'm in the process of setting up an IVA but have a £500 overdraft on my bank account which can't be included. I was told I would need to pay this off first. Will it matter that my bank statement will show it was used in the last month?
Job and DRO
My question is this I am quite a few months into my DRO. I really hate my job what will happen if I leave the job or lose it with no income coming in or find a similar level job? There are quite a few Christmas jobs out there coming up on a similar wage and I could probably jump ship but I don't want too much hassle as…
moving your mortgage, whilst in an IVA
Hi. Just a quickish question; if you're in an IVA, but your mortgage is not in arrears, can you change mortgage lender? Also, there is no fixed rate etc...still running.
How to ensure I have every debt listed
When filling in my forms for an DRO how do I ensure I have ALL debts listed. Things got a bit out of control 10 years ago, then I had a DMP with Payplan, then I defaulted on that etc. Now i want to do a DRO and while I think I have everything listed, I want to make sure I have! Noddle lists quite a lot of debts, while…
Letter templates links please
Hi, I have been trying to find some letter templates on the forums but can't seem to find them.. My DRO has been finished over a year now but on my recent credit report some of my ex creditors still have my balance as it was on my default, so any well worded template letters to ask them to amend this would be helpful, so…
After DRO credit report help
hi, I was informed to repost my thread here, so here is a quick summary.. my DRO ended in November 2015, so after a year I decided to apply for my statuary credit report from Experian.. My debts on there still show my default balance, with a code 8 by the payments part.. I thought the balance would now show zero or…

★ ★ ★ Meet your Ambassadors

Confirm your email address to Create Threads and Reply

MSE News

Ofgem proposes new 'no standing charge' Price Cap – but Martin Lewis warns vulnerable customers need to be opted in or it won't work
Ofgem has today launched detailed proposals for a major shake up to its Energy Price Cap that dictates the price over 80% of homes in England, Scotland and Wales pay for their energy bills.
Lloyds, Halifax and Bank of Scotland to cut overdraft rates for millions but hike them for others – here's what's happening and full help
If you're a Lloyds, Halifax or Bank of Scotland current account holder, the interest rate you're charged for using your overdraft could change soon as part of a fees shake-up. The Lloyds Banking Group, which owns all three brands, says millions of its customers will pay less after the changes – but a "few" will pay more.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more low-income households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Martin Lewis: At last a chance to fix Council Tax flaws impacting millions – debt collection, difficulty challenging your band, discounts and more
Major flaws in the Council Tax system in England could finally be fixed in future, as the Government has launched a wide-ranging consultation to review hideous debt collection practices, the difficulty of challenging your band, the overly complex and horribly-named Severe Mental Impairment discount and more. MoneySavingExpert.com founder Martin Lewis, who has long campaigned on these issues, shares his response and analysis.
Energy complaints to be dealt with more quickly and Energy Ombudsman to get new powers under Government plans
If you have a complaint about your energy firm, it may be resolved more quickly in future, as the Government has announced a raft of proposals to strengthen consumer protections in the energy market. The planned changes include giving the Energy Ombudsman new powers to force firms to comply with its decisions – but it's still very early days. Here's what we know so far.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Base rate held at 4.25% – here's what it means and when it might be cut next
The Bank of England has held the base rate at 4.25%. Below we explain why, when it might be cut, plus what it means for your mortgage and savings.
Applied for South West Trains 'boundary fares' compensation? Act now to claim it
If you applied for compensation from South West Trains before the deadline in January 2025, you now need to provide your bank details to the claim administrator so it can be paid to you. Here's what you need to know.
Winter Fuel Payments to be reinstated for millions – Martin Lewis explains how it'll work, what it means and if it's an improvement
All State Pensioners in England and Wales will receive a Winter Fuel Payment this winter, though those who earn over £35,000 will see it clawed back through the tax system. It means nine million pensioners will get the £200 or £300 top-up. Here MoneySavingExpert.com founder Martin Lewis shares his instant response and analysis, and we include answers to your key questions.

View All

IVA & DRO

Confirm your email address to Create Threads and Reply

🚀 Getting Started

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free

IVA & DRO

Discussion List

Confirm your email address to Create Threads and Reply

🚀 Getting Started

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free