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IVA & DRO

Archives for April 2018

DRO questions
HI, i have had an absolute nightmre the past 10 months and looking at a DRO I owe £3k VAT 4K corp tax £2800 Credit card £1000 draw down business loan with personal guarantee I have sold many things i own to have made personal living payments and have tried to sell my car. It is worth 5k but we need that money for mortgage…
defaults added after IVA commencement
We started an IVA in Oct 2012, in July 2015 we defaulted on our mortgage sold the property and added the negative equity to the IVA. We have just completed the IVA and understand the majority of the reports will come off the report in Oct 2018. The IVA company are saying that the defaults from the mortgage will come off in…
Please help im terrified
Hi. First post. Desperate for advice. Last year, over the course of around 9 months i managed to rack up 8k of debt. Im a stay at home mother with no job. I did this by lying on credit applications. I put that i earned around 40- 50k (my husband earns 35k, i earn nothing). At the time i didnt see it as lying...i told…
Debt relief help please
So I’m currently in the process of applying for a DRO, I’ve spoken to step change & they sent me out some forms To sign and send back to them so my application hasn’t actually been processed yet but today I recieved a cheque From Lloyd’s for £1126.34 for a refund of charges they shouldn’t of taken from September 2013 -…
IVA & selling house
Hi We have been in an IVA for 6 years and are now facing the equity clause. We gave the info PayPlan needed and they sent a letter about remortgaging our property. Well, we don't want to remortgage as we want to sell up. The house is too big for us now and we're both 62 so remortgaging isn't for us. We have informed…
Budgeting for DRO
Hello, I’ve been around forums for a while now trying to get on top of my debt but we just don’t seem to be getting anywhere. I have £400 in savings now but car is due MOT and service in August so that’ll use half of that. (Car is worth £895 on Parker’s website) and I rent. No assets. I’ve got a few questions about DRO it…
IVA & Injury Compensation
Hi all, I'm after some advice.... I was in a RTA earlier this year & am looking to receive some compensation for my injuries & ongoing treatment, I have told my IVA provider as I'm a honest person & wouldn't want any legal stuff coming from it if I didn't declare it. Now none of my reward is for loss of earnings it's all…
DRO Budgeting Guides?
Hello! I'm looking for some help following a rather odd experience with Stepchange. I have personal debt which up until a couple of years ago was manageable (until I had a pretty epic nervous breakdown which led to many poor decisions), and for the last year have been on a TPP which needs review. Stepchange are keen for me…
ClearDebtLimited and DRSP
I received a letter 21/04/18 from ClearDeptLimited claiming to have previous involvement as a former supervisor with my IVA and sending me papers to start collecting any PPI owed as an asset to my creditors, all very professional with details of my account number,dates of birth and addresses citing a Debt reclaim company…
DRO Question
My finances are in a mess and after some research I have decided that a DRO is my best route of action. My wife is currently on a two and a half year visa. In about a year or so we have to apply for another 2 and a half year extension. After this period has elapsed she can apply for British Citizenship. As part of the visa…
Post IVA mortgage
Hi all I am now nearly 6 years post IVA - yay!! My commencement date was May 2012. I want to get a mortgage desperately. I'm in a better situation now and my husband has good credit. I have been sensible and checked all credit reports- which are all correct, defaults removed, all in good standing, credit cards used and…
Advice on a dro pleas
I going to speak to step change tomorrow as I'm about 4000 pound in debt . My husband own the house and car and both are in his name . I have no assets to speak of all the debts are my own . Well this effect the dro at all
Debt amounts in DRO
hi everyone, asking on behalf of a friend, she is struggling to get hold of her CAB advisor so thought i would ask here in the mean time Her DRO application has been semi filled out and she has the barcode ready to make payment, she was told she could exaggerate the amounts she owes to each of her creditors, so that if any…
Hceo iva
Hi On behalf of my step daughter. She basically has got herself into a mess. This is what I have managed to work out from her situation. The local water authority passed her areas to a company who took the case of monies owed to county court, She agreed a payment plan with them. She sincerely believed that this the only…
DRO via National Debtline
Hello everyone. I have just signed up t the forum but have been reading posts for a few weeks. So on Thursday I received a letter from National Debtline to say they had received my application, Currently the wait is approx. 10 weeks ( im hoping by approx they men less ;) ). I have to say I was stressing my self out a bit…
bwfc15
hi all I recently set up a Iva last year round about June time, however, last week I was involved in a rta I am pursing a whip lash claim, however I’m a bit confused I have spoke to my iva company and they have said onnce it has been settled I need to provide them with a break down. As they will take a percentage the…
IVA and a house in Trust
I’ve got such a complicated issue, I’m hoping someone can help. I am 2 years into my IVA, and I have just been left a house in my Uncle’s will in a ‘Trust’. The house is left to me and my 9 year old daughter. The ‘Trust’ lasts 10 years. The house belonged to my uncle who was very old when he died (97). The house is in a…
Harrington Brooks/One Advice
Just to let any customers of the above organisation know, it has gone into Administration. However, there will be no difference to any IVA's or DMP's as these will now be supervised by the Think Money Group.
DRO and starting a business
Hi. Wasn't sure where to post this or how to word this either so winging this hoping in makes sense. Long story short. We lost our rental unexpectedly this time last year after spending a lot of money on it. We were homeless for two months (family of 4 and was soon to be 5). My husband worked his !!! off for us to get the…
DRO and recent debts.
Hi. I've ended up in a terrible state over my debt. I have mental illness and was hoping to return to work. I have a long standing CC debt, owe the utilities money. What worries me is that 2 months ago I bought a bed and other household essentials on catalogue accounts. I've always made the minimum payments on the Credit…

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IVA & DRO

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