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IVA & DRO

Archives for June 2018

Inheritance Five Years after DRO Granted
Hi, not been in here for a while... My DRO was granted September 2013 and completed without issue a year later. Now, almost five years later, my mum has passed away and once the small town solicitors she appointed as executors pull their fingers out, I will inherit half the estate (spilt 50/50 with my brother). Put it this…
Paying a family member’s IVA settlement
I am offering to pay off the final settlement for a family member, but would like to know will this in any way affect my credit rating or will there be a record of this that would affect me? If I understand correctly I will be transferring the money to the person and they will then pay it, however the company is asking for…
Completion Certificate Delay
Can anyone help with advise please? I managed to agree a full and final settlement for my IVA in June 2017. All confirmations were received. After chasing my CC I was told they have 12 months in which to issue it , waiting for any PPI etc. Upon calling and asking for my CC last week, was told they had extended the time it…
A friend owes me £4.5k.....
...can she include this in an IVA without my consent? Debt goes back 5 years, verbal agreement and now paying £15pcm as lent her £1000 6 months ago! Yes, I know, never lend to friends! She promised to pay me back on sale of house but is in debt and about to take out an IVA.
Time line help
Hi, I posted my DRO information to Stepchange about 2 hours ago. Im excited to finally be sorting things out. Once they receive it does anyone know how long roughly they take to process this? Assuminig I have provided them with all they need I wonder how long itll take them to issue me the barcode to pay my £90 Many thanks
6 years paid
Ok I’ve paid 6 years on an IVA now they are saying I owe them £2500 on extra earnings and I don’t have the money. If I offered them £1000 on full and final settlement do you think they would accept.
I need help and advise
In brief I am totally panicking and not coping. I have a good annual salary of £56k gross and my husband earns around £35k. Over the last 9 months, we had a baby and I was only being paid SMP - we had planned for this so thought all was going to be ok. Then out of nowhere my husband had to fight a court case in relation to…
House repossession advice!
Hello, I am wondering if anyone can help me with my question… In 2008 me and my ex partner purchased a brand new flat (first time buyers scheme) from the Wimpy LTD. We moved in once it was built, we NEVER made one months mortgage payment as he decided to split up with me within 2 weeks of moving in. I was 12 weeks pregnant…
Debt advice ?
Hey, Kinda embarrassing but i need some advice if possible. Im currently in 24k worth of debt, 12k is a loan which comes out every month £280 at 6.9% apr, have currently paid off 5k in a year so far, however i have 3 credit cards 1 of which I'm paying interest on but I'm currently paying £700 a month on debt in total. i…
Mortgage after IVA
Hi all I am hoping to get a mortgage with my wife in january 2019. This will be 6 years after my IVA started. I’ll have enough money for a 10% deposit. I realise that I’ll have to go through a specialist broker, but is it likely that we will be able to get a mortgage at this point (we earn decent money and our credit…
Car question in DRO
Hello, my husband has a lot of debt but less than 20k, he is probably going to apply for a DRO soon, (long story short he might be forced to leave his job) plus in sept he won’t have much money so it deff seems like a viable option. Anyway, I’m waffling back to my main question.... 11 year old Audi, 100,000 Miles but…
DRO timescales etc
Do you have to have more then one appointment to do a DRO with the CAB or do you have to take advice from them first.... Do they require all three credit reports or do they just use experian?
0 credit score on experian
Hi, Just logged into my Experian credit report, I have a score of 0 out of 999. I didn't even think this was possible all my personal details are correct. I am in an IVA with creditfix which doesn't show on my report, rather than all the old debts I have and a few which have since defaulted. I have been paying this IVA for…
DRO and PPI claim
Once discharged from my DRO am I free to pursue PPI miss selling and payday loan complaints? Thanks
IVA Completion Certificate
When should you receive your IVA Completion Certificate? Our last payment was taken May 2017. There was no equity to release from our property. We were told we would have to wait 1 year?
Iva nightmare
what iva companies are the best?
End of DRO
Do you receive notification from the insolvency agency when your DRO has ended? Mine is due to finish on the 5th June. Thanks.
I need help with a DMP
Hi Sorry I'm new here and have a question concerning a DMP, DLA and tax credits. Can somebody point me in the right direction please? xx

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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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