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IVA & DRO

Archives for July 2017

Credit file
hi Just checked my file and one of my debts MBNA is showing as defaulted and this was later sold on to arrow. so they both appear as default. My IVA has now completed so I checked with MBNA if they would update my credit file, they said I had to wait until 6 years passed as they had sold the debt. the Default is 3 years…
Anyone obtained a mortgage after a DRO?
HI Has anyone had a mortgage after a DRO has just finished? I know it's still 5 years on your file but is it possible for this to happen sooner? If so, what deposit was required? Thank you
Failed IVA and next steps
Hi, I entered into an IVA which started in May 2011. Unfortunately towards the end of the IVA my supervisor advised that my payments towards the IVA were not enough and I would need to make up the shortfall so that the IVA could be closed. I tried my best to find the money owed to meet the demand but missed the deadline…
Mortgage options
Hi all, I completed my IVA in August last year and I got my certificate through in January. Now that that I've tied up all loose ends and am completely debt free, I'd really like to look into getting a mortgage. I have checked my credit file and I obviously have no open debts,however one from my Iva is still there (showing…
pre DRO and credit file
Hi everyone I have two copies of my credit report experian and noddle for my dro. Is there any specific piece they need??? mines 24 pages and i still cant see total debt etc?? on my mobile app its much clearer shows what i owe and my creditors, on paper looks a mess. There different too experian shows a HP agreement…
NHS Childcare Bursary and DRO
Bit of a strange one but I'm shortly going to apply for a DRO as I have nearly 16k debt and meet all the criteria but I am concerned about the money I receive towards my childcare bursary (I'm an NHS student) Costs are estimated at the start of September for the year, and reconciled every quarter, if I have been underpaid…
Couple dro £40K?
Can a couple a husband and wife both do a dro each together at the same time, so £20k each, but individually
Dmp and privately renting
Hi, I'm after some advice please. We have thousands of pounds worth of debt and rent privately. I've been always against an IVA or DMP as I worry it will come up on our credit file when we look at other rented properties as I know from the house we are currently in there was a question if we have ever had an Iva or dmp and…
IVA and Parking charges help!
Hi there, I need help- I have had conflicting advice provided by citizens advice and grant Thornton and a private parking company and my IVA owners. I incurred 6 parking charges over December and January and was not aware of them until may of this year (unfortunately I changed my address on my driving licence and not my…
beneficiary interest and DRO
Morning All Any help welcome. I have just come of the phone to stepchange who are sending the paperwork for a debt relief order. I was originally going with NDL But there waitong time is 9 weeks. Anyway stepchange advisor said after my budget im left with less tbat 50 a month surplus, dont own a car or house, but she wasnt…
Worried IVA ending up paying for 7yrs
I'm in the 5th yr of my IVA and as far as I can remember, based on a phonecall right at the start of my IVA, I was told it would need to be extended to an extra yr. I have so far paid £8,900 into the IVA. Now I am in my 5th year with an original debt of £22k and I am unable to remortgage my house due to my lender Northern…
DRO Application. How long once submitted?
My intermediary sent over my DRO to the Insolvency Service yesterday. I have read that it can be processed and approved within 24-48 hours. Is this still the case? I am checking the Insolvency Service website as I assume it will be listed there first.
Advice on Payplan
Hi - does anyone have any experience of submitting a full & final offer with Payplan? I'm trying to figure out the timescales they work to, I feel like they're dragging their feet. Thanks, Kirstie
SOA Help
Hello all, I am new to this forum. Me and my husband are thinking of applying for DRO. Could anyone have a look at our SOA? Household Information[/b] Number of adults in household........... 2 Number of children in household......... 3 Number of cars owned.................... 1 Monthly Income Details Monthly income after…
What to do? DRO or IVA
Hi Everyone I am due to speak to Step Change having completed an online assessment. I currently qualify for a DRO, having only £24 left after basic essentials. I am only temping at the moment however I am looking for permanent work on a salary that will hopefully increase my income to £200 more a month. Although my…
About to go DRO but just had increase in ESA.
I was just on the cusp of submitting for an DRO application when I received an increase in my ESA - They have started paying my Severe Disability Premium which is an increase of 63 pounds a week. :( Please tell me if this affects my application for a DRO and should I still go ahead with the submission?
5 years paying, no end in sight
We started an IVA in December 2011, never missed a payment for the amount of just over £34000 (unsecured creditors) our detailed court documents stated that an estimated dividend of 46% was available to creditors (which included a claim of a big high street bank for the amount of £8000) - we have paid £350 per month, we…
Advice on DRO
Hello everyone ive currently applied for my first DRO, awaiting approval. i just a couple questions i need to ask and im not getting anything from the internet. Long story short single parent, £5,000 worth of debt, living off -£27 a month... how i do it i dont know as its a 12 month period of not paying the £80 a week i…
Income reduction in IVA
Hi I was hoping someone could help me. Myself and my husband have only recently been approved for an IVA. We have made 1 payment so far and tax credits have reassessed us ans reduced our award by over £800 per month (i think we no longer qualify for childcare help). Anyway before the IVA was approved our surplus was £700…
IVA Close - Advice Sought
Hi I'm new to this group and wondered if anyone could offer some advice pls? I'm currently at the end of year 4 of my IVA, having just under £5k left to pay it off in full. Thanks to help from my mum I'm thinking of making an offer to pay it off completely at my annual review in a couple of weeks. I believe I could still…

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IVA & DRO

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