-
My debts are beyond me...
Hi all, I am struggling to properly support my family after meeting minimum payments on my debts. I end up adding what I have paid off back on by the end of the month. I think a DRO might be right for me. No assets, renting, under £20k debt. SOA below. I will be speaking to one of the debt charities shortly but a friend…
-
Yocking
Hi can anyone advise. I took out an IVA some years ago and completed. I have been clear of debt for many years now. However the company I used took charges in access of 12k which was an insurance premium against the debt. Can I claim this money back as this seems to fit the remit of PPI. Thank you in advance.
-
IVA and Renting - help
Hi all I have been seeking advise about entering an IVA due to some recent financial issues currently in 5k worth of debt. However my wage is due to increase within the next few months as i will be finishing university and have a full time job lined up, and for the sake of struggling through is it really work taking out an…
-
Thinking of a DRO
Im after some help please, I am thinking of applying for a DRO. However my partner is unaware of my debts. He pays all the bills and the council tax is paid out of his account, but i put the money in via a standing order every month. I also pay for the food and vets bills etc. On the budget form, it asks for my partners…
-
My DRO progress
Hi Guys, this is my DRO journey. I think it will help reduce my stress levels and worry if I talk to others while in the process. I don't really have the confidence to talk to anyone about it and my family and friends arnt aware. It took me a lot of courage to go to citizens advise. I use to work full time doing 35 hours a…
-
Credit Resource Solutions
My IVA was approved as of the 1st May this year, some of my creditors passed my debt to a company called CRS (Credit Resource Solutions) when I told them I was initially entering into an IVA. Now CRS are sending me a number of emails and texts saying they haven't heard from my debt management company. When I told my case…
-
40,000 iva
It is my very first time posting so apologies if I am not doing this correctly, but does anyone else have recent experience of applying for an IVA of approx £40,000 ? I am terrified, any advice, experiences at all would be very much appreciated. What kind of repayment amount is generally acceptable, and are StepChange the…
-
DRO and credit file
Hi everyone Just after some advice, my DRO ended on the 13th April 18 However when I look at my credit file they debts still say default they haven’t changed to settled will this happened on its own after my names taken off the register or will I have to ring or email them to get them to change it Any help would be great…
-
Complex situation has arisen mid-DRO
So I was at the CAB for a different query when they did a benefit check. After going back with all my paperwork, they informed me I should ring up ESA as I should have been getting SDP but never have. I had been sent the form which I received/filled-in/returned (always keep proof of paperwork with details of what is what)…
-
Stepchange IVA Full Payment Fees
Hi. I am receiving conflicting information and I need someone with experience of Stepchange to tell me approx how much I will need to pay in total to end the IVA with a 100p in the £1 payment. The figures are: Initial debt in IVA £28000 I have paid to date £4500 in monthly payments I am fully aware there are fees but some…
-
Debt relief order and garentor loan
Hi all I've been advised by step change that a DRO is the best plan for me. I don't own my home, i have £14k worth of debt and little to no surplus income. I have two loans that my dad is garentor for and have been advised the debt would go back to him which is what i expected but he is not in a position to pay them and i…
-
Problems with iva company
I am looking for some advice please. Myself and my partner entered in to an iva last June. When we set up the Iva we were asked to extend to 6 years due to the amount of money we owed and to ensure the creditors received enough money. We agreed to this. 2 months ago the creditor we owed the largest amount of money to wrote…
-
Letter from debt collectors whilst applying for dro
Hello, I’m just finishing my dro application off but I’ve had a letter through the post today saying they are now applying to a court for a warrant of entry (unpaid fuel bill) obviously this has me extremely worried and I don’t know what’s best to do as I should have my dro application done by the end of the week, is it…
-
DRO with stepchange
My financial situation has recently changed and I think I'm now looking at a dro rather than my self managed dmp. Has anyone done a dro with stepchange, what happens once they send the pack out. Do you have to go through things again with then in the phone? Or so you send stend then the info they request etc?
-
Dro
Hi I am new to the forum and would like advice please. Like many others I am at my wits end worrying about my debts. I am fully maxed out on credit cards for £18500 but I also have £7000 outstanding on my Amex charge card. As you know the charge card has to be settled in full every month but a couple of months ago I had to…
-
Paying off a IVA & Mortgage! Please Help x
Hi Eveyone, I am new to the site and i'd like some advice and help please, its a bit of a long one, sorry. I'm currently on a IVA with payplan and i am halfway through my 5 years. I have a mortgage with my ex who has nothing to do with the house and i want to get him off, the only way for me to do this is to be able to…
-
Dro help
Hello, I’m new to the forum and have read through a few posts about DROs but there’s still a few things I need help on. I’ve had the checklist sent through StepChange, I was just wondering if I had to print it out and send it through post or if I can do the whole thing online? On the checklist it says to get an address for…
-
DRO and the dreaded budget planner
Hello. So my situation is as follows... My husband and I both work part time to share the childcare so our outgoings there are 0. But we both have debts, not built up through a lavish life style or anything, OH car that he bought in 2012 on a loan, and he got into pay day loans spiral (which was before we met) and I have a…
-
IVA meeting - Only 2/14 creditors voted
Hi, so I had my IVA creditors meeting earlier, and of the 14 creditors I have, only two of them voted. My IVA is with Payplan and they said it doesn't happen often, they both voted to approve it with no amendments and she said it is now legally binding. Is there a chance any of those that didn't vote could reject it…
-
Situation after paying IVA in full??
Hi. Hopefully later this year, I'll be able to pay my IVA off in full. So not a full and final offer, but paying every penny I initially owed due to an inheritance. What situation will I be in then? Will I still be classed as insolvent? Will everything on my credit file show as settled and I can immediately start to…
