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IVA & DRO

Archives for October 2017

Five year DRO sold to debt collection agency!
My partner did a DRO back in March 2012, he was discharged from it in March 2013. A letter turned up last Friday,from a debt collector, asking for money, for a debt owing to Next Directory, which was included in the DRO. We still have all the paperwork, anyway, the letter threatened the usual, they will pay a visit, Court…
DRO and creditors.
My DRO was discharged on Saturday (maybe today as weekend?) and I was just wondering how long it took to show on my credit file that my creditors have marked it as partially settled or partially satisfied??
Getting IVA on track or getting rid...
I am asking for advice for my now partner. My questions are around what his next steps should be. History: He has an IVA started in Dec 2012 and to which he has been paying £1 each month since August 2014. The IVA was originally with ClearDebt (now Accenture) and the low payment started because he was made redundant. The…
Old couple DRO?
An old couple in their 70s who rent their home, both have retired and each have just under £20K credit card debt. Can they both do a DRO at the same time, because most of the paper work will be the same? The same 50% of all income and expenses, the same address and same bills ect. Only bank statements and a credit card…
IVA company has gone in to receivership
Been in my IVA for three years now. I have had some major problems with them earlier this year of harassment trying to get more money out of me when I simple can not afford it. Only just informing me this year that I am in arrears of over 3000 since Nov 2015. Just got informed this year in April 2017 about that. I have…
mis-sold an IVA how can i sort it out??!
sorry for the repost ..put a bad title on the other one... i've just finished my IVA at 5 years by paying all my creditors with a remortgage as required. a couple of things have cropped up .. when i started the Iva, i hadn't missed ANY payments but was constantly going over my overdraft and incurring big bank charges ..…
just finished an IVA what next ??
i've just finished my IVA at 5 years by paying all my creditors with a remortgage as required. a couple of things have cropped up .. when i started the Iva, i hadn't missed ANY payments but was constantly going over my overdraft and incurring big bank charges .. The IVA provider told me i would be best off going down the…
DRO through stepchange waiting times
Hello there, Just trying to gauge how long the wait is from sending the DRO application to receiving the bar code. I've read on here it's roughly 6 weeks but wondered if anyone got there's sooner? I submitted my application via email over a week and a half ago but I'm really impatient. 😊
Updating of insolvency register
Hi I was wondering how often the insolvency register is updated? Would it be a live update or overnight? I had my DRO application from the intermediatory sent over lunch time on Friday so dont really know when i should be looking out for it on the register? Any help would be much appreciated.
S.O.A: about to start IVA. advice please
Hello all, I've read this forum for a long time now but this is my first post as I'm in financial trouble. Some background: I work as an architect in london where I rent a room in a shared house with friends. Its a classic story of using debt to live in London whilst the debt mounted up and more of my income was used to…
Insolvency & dro
Hi I was wondering if anyone could tell me what happens once the intermediary sends the completed debt relief document to the insolvency service? Is it just an automated system or do they run checks on your outstanding debts, salary with the inland revenue etc. Also from the point of the intermediary pressing the button…
Self Employed DRO
Hi I've been reading the forum for a few months, but this is the first time I have posted. I did just type out a post and thought I had submitted it, but it's showing that I've not posted at all, so I'm assuming I did something wrong. To cut a long story short, after losing my job (contract ending and company not doing…
Ccj
Does anyone know how long it would take in missed payments before being given a ccj? Currently waiting for my DRO to go through which may take a while and I'm starting to panic 😬 Tia
Wanting to change to IVA but have joint debt with ex husband
As part of my divorce I agreed to take on the loan / credit card debt and to keep the equity in the house (it works out the same amount). This was to save me selling the house as I am a carer for my autistic adult son as we would have been homeless. The divorce etc was stressful enough so this seemed the best option at the…
DRO discharged but still have defaults
A couple of months ago we were told by our landlord that she will be retiring soon and will be selling her properties. She has offered to sell it to us but we don't want it because it's going to cost a lot of money to put right and would rather find somewhere else. Anyway, we have had two mortgage advisors try and get us a…
DRO and increased car insurance
Hi im new to this and just hoping someone could possibly help me please. I had a DRO back in 2014 which lasts for a year so ended november 2015, i understand this shows on my credit report for 6 years but i noticed last year when searching for car insurance renewals my quotes had gone up considerably so i stayed with my…
DRO & Salary sacrafice vehicles
Hi everyone I am contemplating a DRO and have a question which the debt charities cannot seem to answer, I wonder if anyone has experience of my problem? I currently have a salary sacrifice vehicle through my employer and was wondering what the official receivers view would likely to be on this? Would they include the…
DRO was made but still received Deductions from Earnings!
Hello, This is some kind of a horrible nightmare at the moment cause the main reason I made DRO was to exactly avoid situation like that from happening. I was approved DRO in June 2017 and from October 2017 my employer started to deduct money from my wages for council tax which was of course included in my DRO. Employer…
Parking Fine
Hello All, I'm in the process of sending my DRO application (going to scanned documents and send tonight). I've received a parking fine today so didn't know about. Can I include it in the DRO? I can't find a clear answer by Googling. Its from a company called Smart Parking not council?
Is IVA really an option?
So, I just used the debt remedy tool on step change. The main suggestion was IVA! I'm pretty happy with this as I want to take some responsibility towards my debts and have so many issues with bankruptcy and getting in trouble and my already fragile mental health can't cope with that.(application dishonesty, selling my…

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IVA & DRO

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