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IVA & DRO

Archives for September 2017

DRO - Aqua are saying that I owe more money?!
I had a DRO put in place in September 2014 and the yearly period ended in September 2015. Over the last couple of years I have been sending letters to the creditors who were still incorrectly showing as "defaulted" on my credit report. I hadn't received any responses until I got the Financial Ombudsman involved and now…
DRO not showing :/
hi, just looking for a bit of advice, granted A DRO end of may this year, checked my experian report the month after and score ihad gone down even lower reason was that a bankrupcy or insolvency was added- which i was expecting. fine. now iv checked it again and since end of july my score went up slightly saying i no…
Mortgage after IVA
Help please! I've just been declined for a mortgage by Halifax because I was in an IVA which I successfully exited in 2014! Can anybody that has been in an IVA and has successfully got a mortgage afterwards please tell me their lender or a broker they used? Many thanks
Unfair Equity Release Cost?
Hi, I am 8-9 months away from the 5 year IVA Term which commenced March 2013. My original debt was £35k and I am up to date with payments which have been £256 per month. My IVA company have now referred me to a 3rd Party (The Select Partnership) in order to see if I can release equity from my property. After I have…
Boyfriend went to CAB and was told he wouldn't get a DRO
Boyfriend was made redundant, when I come off maternity leave he's becoming a stay at home dad. He's currently got temporary work and is paying off what he can for his credit card debt. I offered to pay what I can out of my wages when he is no longer employed, because I work he's not entitled to any benefits while looking…
IVA/mortgage
Has anybody had any experience in getting a mortgage after being in an IVA? My IVA was 8 years ago so has long dropped off my credit report, however my mortgage broker is pushing Halifax as a lender who were one of my creditors on my IVA (credit card debt)! Will they still hold records of me?
End of moratium period
Hi my first year of dro is finished this weekend and i cant tell you how relieved i am but what happens after??is there anything else i need to do??thanks.
Appointment with DRO unit?
So I have recently applied for a DRO with cab and the lady said I'd hear from them this week for an appointment which can be done over the phone! Does everyone have this and what do they ask? I thought once applied you received your barcode to pay. I've not yet received my final soa from cab, do j need to wait until I…
Am I eligible for a DRO?
I've had advice from stepchange and they say that I'm not eligible for a DRO for 2 reasons. One, on two occasions within the last month I've had no money and no food and took out a wonga loan for 3 days so I could eat. When my ESA arrived they were paid off. Apparently this preferential treatment discounts me from a DRO.…
Credit file,linked addresses, IVA
Advice please?? I'm just about to apply for a mortgage so checking my credit report on Experian, which is excellent 999, I found a linked address entry source to be a 'Max Recovery'! Upon further investigation I found out max recovery is actually the company my IVA was with 8 years ago (so no longer on my credit report).…
DRO & Mortgage Advice
Hi all I need some advice I've been trying to find answers on Internet for days! My fianc! has mortgage on the house we live in in his name because I still have couple of years left on my dro. I am a named occupier n doesn't bother me that it's in his name. My query is that because it's in his name he can only go of his…
IVA change of circumstances
Hi all, I am just over 3 years into my iva with grant thornton (now aperture). I'm paying £199 a month towards £50k of debts. Not much as changed regarding outgoings in the last 3 years but I have gone from self employed to working 20 hours per week. My take home salary has dropped from around £20k to £10,600.00 I look…
DRO Questions
HI all, My partner and I are thinking of doing DRO. What happens if some of our debts are joint, do I have the debt or put the full amount? Also if a debt is years old do I include it or just include all the ones on the credit files? Thanks
New mobile phone contract with ongoing DRO
Hi, I have recently entered a DRO and I’m left with around £30 a month spare cash. My mobile phone has just broken, though. And I essentially use it as a laptop as it’s small enough to put in my pocket, yet powerful enough for all my work needs. I recall seeing a letter which states that I cannot obtain credit for over…
Applying for a DRO - Questions and Queires
Delete - No longer need advice

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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.

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IVA & DRO

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