-
Converting IVA to unsecured loan
I haven't posted on this forum before but I was wondering what people's views are on converting an IVA into a loan. I have recently completed the third year of my IVA out of a six year term. The terms and conditions of my IVA are pretty straightforward and I know exactly what my commitment is each month and the exact end…
-
Patience is a virtue
I know it's hard to hear as I was in the same position but patience really is something that needs to be learnt in an IVA. I've seen so many posts on hear from people say "how soon can I get credit", "how quickly will the IVA drop off my credit file", etc. It's nearly 2 years since I completed my IVA and my credit rating…
-
Post IVA Bank Account Application?
Our IVA ended December and we have both now received our completion certificates. When we went into the IVA we went with the Co-op, we have HATED being with the co-op for the past 6.5 years and always said, as soon as we could, we would change bank accounts. My husband wants to go with First Direct. I on the other hand…
-
IVA Equity Release and Getting Divorced so not in Property
Hello all I'm currently in the last year of IVA and have received notification to get relevant things in order to assess options for equity release. The house I own with my soon to be Ex Wife, she lives in the mortgaged property with our children. I have been moved out 4 years and I am currently still paying the mortgage.…
-
2nd DRO
Can I apply for a 2nd DRO Was granted one in September 2010 and successfully completed it. Suddenly and unexpectedly I have lost my job and haven't got anything in the pipeline as yet. Was earning good salary so could easily service my debts! Cheers.
-
What now?
I made my final IVA payment on 1st March (60 month IVA) what now? I haven't heard anything from payplan yet.
-
Inheritance, windfall and IVA.
X has an IVA. Parent recently died leaving a part of a house to them.( one third of half the house ... 1/6th ) Other parent still alive and owns the other half until their death. Does X have to declare this to their IP now.? Will says they cannot sell it unless the Parent still alive agrees.
-
Finally debt free but have a question x
I started my IVA on 2009 and today I finally received my completion certificate :j it's been hard most of the time and I've shed a lot of tears but there is light at the end of the tunnel so just hang on in there. Advice on building credit rating gratefully received. I do have one question a loan that was included on the…
-
IVA equity calculation
Hi I took out an IVA with Cleardebt in June 2010 which completed in October 2015. I was then informed that it had been taken over by Aperture. I had already completed a valuation on my house and gave mortgage redemption figures to Cleardebt. As of August 2016 I had heard nothing from Aperture so I contacted them to ask…
-
IVA and new pension
My partner is in the middle of an IVA and has been notified by her former partners pension provider that her entitlement to a share in her former partners pension can be applied for shortly. She has options for partial lump sum or deferral. Her IVA administrator is not aware of this entitlement. She could defer until after…