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.

We're aware that some users are experiencing technical issues which the team are working to resolve. Thank you for your patience.

📨 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 August 2017

DRO favoured creditor??
Hi I have been reading a lot of the information available on these threads arounds DROs and I have to thank you all sincerely as it is absolutely invaluable and I am sure many feel the same. I am in a situation in which this information is very relevant and I have to ask a question that I have not found an answer to.…
Am I eligible for DRO?
Hi all. Will try to keep it brief. Basically been getting into debt since becoming single mum. Owe about 9000. Paid every month the payments but have been breaking myself and going without in order to do this and I can't do it anymore. Am on income support and other benefits. Is child maintenance classed as income? I get…
DRO approved what now?
Hi All DRO has been approved a few days ago, but still worried and anxious thinking something will happen! When can i relax is it true my creditors can object? and have 28 days to do so?? I have been truthful not taken any credit out for nearly 6 months and really living off nothing each month, im just frightened something…
New to forum. Advice needed please
New to forum and require advice please. Currently three months into fourth year on IVA . Could anyone explain what happens if you can't release equity in house. I know the IVA can be extended by 12 months but would the contribution be to the value of equity in house or regular payments after financial review. Any help…
IVA Issues
Hi, I'm looking for some advice about what to do with my IVA company (PayPlan). I have been in my IVA for just over a year and during that time I have kept them up-to-date with all of my developments. I have informed them of my two job changes and sent in details of contracts and payslips and all of a sudden they have hit…
Creditors meeting timeframe?
Hello I have made a full and final settlement with the agreement from my IVA company and they have send a letter to my creditors to request a creditors meeting to see whether they will accept my offer! How long does this take? And how is the meeting held for a final settlement offer? How long do they have to respond in…
Just had an email saying I owe my PPI money (long spent) to my old IVA Company!!!
I had an IVA from 2007 to 2010 which was fully paid off. Over the last 3 years I have claimed back almost £20k in PPI which I have spent on my wedding, honeymoon & a few other bits & pieces. Today I received an email saying I need to contact Freeman Jones who handled my IVA with regards to paying them the PPI money. I'm…
Iva and injury claim settlement
Hi there I hope someone is able to help, or has been in a similar situation. I am very anxious while awaiting an outcome from my IP. Basically I will be receiving a personal injury settlement for 11k, I started an IVA last year and have an outstanding amount of 6k to pay, already have spoken to someone at my IVA company…
IVA and becoming a student?
Hi, We are just waiting on our creditors meeting to hopefully agree our IVA..... However I wanted to know can you apply for funding still for university for tuition fees ect whilst on an IVA? I work part time but am at the top earning potential for my level of qualification and I would like to go to uni part time whilst…
Coming to end of IVA
Sorry a few questions My IVA ends February 2018 (5 years in Feb )however have been told that I must try to re mortgage or I will need keep IVA running for an extra year . Well I was told I must try to remorgage in year 5 at the start of the IVA they have not actually asked me to remorgage as yet (kinda hoping they wont but…
Old debt post IVA
Hi, Am looking for some advice about unsecured debt and an IVA please. I used to be an IT contractor and ran a limited company. I was good at my job but not good running the company so ended up with HMRC forcing the company into insolvency in 2014. It went to court and I was disqualified as a Director for 7 years and ended…
Possible Scenario
I am in year 5 of my 6 yr IVA. due to promotions at work, pay rises, bonuses and PPI refunds its likely we will be close to repaying 100p in the £ as well as any IVA fees which is great. However, I have been told that it is possible that 2/3 months before my IVA completes I "MAY" get a significant windfall, for the example…
Problems to Open a basic Bank account with IVA
Hi all, I'm struggling to open a Basic Bank account with my IVA started in January 2017. Do you know which Banks i can contact to manage to do this? At the moment i have a Card account online (Cashplus) which is charging 9.99 a month and the management it's terrible. Obviously when i go to the banks my credit check fail as…
IVA completed early. What now?
Hi there. We have just completed our IVA 1 year early. Thec5 years were not up until August 2018. We have received our certificate of completion. So what now? We want to save for a mortgage and deposit. Our IVA company haven't told us or advised us on anything to move forwards with our credit file and history. Natalie
Does IVA ever end?☹
You take out the IVA and follow the process thinking that at the end you have a fresh start. Basically that's how you get through the years. Then you complete.....wait for the certificate and it's done Or is it? I feel like you can never move forward. Off the register and defaults clear but now being advised that records…
In a mess and thinking this is the best
This will be a long one as i have not spoken about this before its all on me, I had a breakdown years ago had agoraphobia, depression, anxiety, before that i was never in debt i worked also but i always struggled with life, I didnt want to be here anymore the only thing that kept me alive was thinking if i had alot of…
help and info please
My late father who passed away march this year had an IVA which he completed in dec 2016. My mother and father had a joint mortgage and my dads life insurance paid off the mortgage . while sorting threw stuff we found out ppi was missold on the mortgage so my mom made a claim . the claim was successful and she received a…
Iva company gone into administration and won't complete my iva 10 years later!
I took out an iva with my ex partner 10 years ago. His debt was much more than mine and when we split 6 years ago I phoned them to have mine separate and I was told that mine could be completed because my debt was very small and we had made enough payments to cover it. Roll on 6 years and many phone calls as to why I…
DRO info
Hi just wondering if someone has any advice, I am currently waiting for my DRO application pack and was just wondering if you know what info I need to get sorted to send with it? Do I need to request an Experian credit report and print bank statements, pay slips etc off? I've just seen on stepchanges website that I would…
Submitting a PPI claim after an IVA
I just wonder if someone has any advice please. I persuaded my husband to submit a PPI claim as he had two credit cards that definitely had a PPI policy, and he also had a loan with hsbc. The problem is that these debts were previously part of an IVA that defaulted and failed. It was 11 years ago when he started the IVA…

★ ★ ★ 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