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Not sure what is the best way forward
Hi all, Let me start by saying I'm dealing with CAP for my debt issues, and have spoken to StepChange too. I am a student with no income, but this will likely change to around £2k/month in July. My debts are all credit cards/overdrafts with no missed payments until this month, where I am now making token payments of a £1…
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Can a mobile operator cancel my phone contract if my other one (with them) is in a DRO?
Hi All, As well as several other debts I now have a CCJ for rent against my name and I've been to see the local Citizens Advice who are going to do an experian credit report on me and see if I'm eligible for a DRO as it seems like the only feasible option for me due to mental ill health. I have two phone contracts in my…
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Claiming money (tenancy deposit back) from someone into IVA / court fine
Hello, I am about to start a procedure to sue someone to court because he hasn't refunded my deposit after I rented a room from him. This person has entered into an IVA scheme in August 2019 (after I left his place in May 2019 so after I was owed the money), but did not add me as a creditor. I am looking to sue him in…
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Is an IVA right for me?
I have 32,000 pounds worth of debt and earn 33,000 a year. I’m currently on maternity leave which has forced the issue because I can’t afford the repayments. Payplan have suggested an IVA with repayments if 500 a month once back at work. On one hand, This seems higher than I have seen for many IVA’s but then again, is less…
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IVA with Payplan - advice
Hi, I think I have finally decided to go down the IVA route and have spoken to Payplan about it. I am around £80,000 in unmanageable debt due to my marriage breakdown and subsequently living on a single wage with all debts in my name. I worked through my outgoings and I have approx £480 left to pay back per month which…
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No more than £500 debt whilst in a dro
Hi, my dro is due to end in may... I'm wondering if anyone has ever got a contract whilst in one as it states you cannot get more then £500 credit... would this class as credit... it would only be a small contract as needed for my son:beer:
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Urgent Advice please
Hello Some advice needed please as have a "gut" feeling if it's too good to be true.... Myself (23k debt) and partner (16k debt) living together (council rent so non homeowners) with x 1 15y dependent child have been speaking apparently to a IVA charity who after doing the sums have recommended both of us have IVA with 2…
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Barclaycard refusing to write off £8.2K DRO debt
Hi everyone, Has anyone else had problems with Barclaycard refusing to write off debts included in their DRO? Mine was in January 2018 and the debt was for £8.2K and was clearly included in the DRO. I've written to all the credit agencies who then further wrote to Barclaycard querying the matter. One credit agency later…
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DRO or DMP?
Hello I am in about 5k debt with 3 lenders, have been to CAB today and discussed with a debt advisor. I have 2 options a Debt Relief Order or a Debt Management Plan, I'm not too sure which one to go for. Just a bit of background, I'm 26 and have a 3 year old son. I am currently signed off work sick for depression and…
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5 years finished paying IVA
Hi, First time posting. Basically my 5 Yr term has come to an end on my iva, from the beginning they have said they will look at equity at the end of the term etc. They forecast I would pay £9k back over the 5 yrs out of the £17200 and pretty much 10k would be written off. Great I thought. They have been in contact and…
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IVA Completion
I wonder if anyone can help me.... I have been in an IVA for a few years now, originally set up with Harrington Brooks which was then taken over by Freeman Jones, (horrendous communication!!). I made my final payment last April and sent off the equity proof thing that they asked for. After not hearing from them until SEVEN…
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Charge on property
Hi In need of advice/help My dad recently underwent a kidney transplant so his health is far from great. I’m trying best I can to understand his finances and importantly what is owed on his property. During our conversations he mentioned an IVA but also having tried and failed to get the charge on the property removed. Any…
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Applying for a mortgage with IVA and Default
Good evening Looking for some advice or if there has been any similar situations on applying for a mortgage with an IVA and default. My partner is in his 4th year of his default (£4k) and I have completed 6 years Oct 2019 of an IVA. The IVA was for a Halifax loan. Although the loan was paid off initially fine for the first…
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How much lump sum to end IVA
Hi all, First time posting so apologise if I’m not up to speed with etiquette but looking for some advice. Basically, I have been in an IVA for two years which is reasonably well managed (payments up to date etc). Mental health and single parenting role led to original debt and I am now living within my means etc. I am in…
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DRO questions
I am considering a DRO for myself and my husband but when it says you can't have more than 20k debt does that mean each or together? also my husband is not working at the moment so don't have more than £50 left but what happens when he gets a job and we potentially have more than £50 left? what does this mean for the DRO?…
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Moving from IVA to DRO
Hello all I have a few questions regarding this. I recently posted looking for advice, and since then have decided having looked at my budget using StepChange that a DRO is 100% the better option for me, and is recommended based on the figures I provided. I do have a question though and hope someone can help. When…
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How long for Official Receiver to grant DRO
I'm currently going through the DRO process and have been told by Stepchange that it's going to the drafting team and I should have my barcode to pay the £90 fee Once it's paid how long does it take to grant DRO, I've read on some websites it's 48 hours and on others 10 working days. Is there a set timescale Thanks
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DRO Questions
Hello everyone, I have been reading this forum for quite a while now to gather as much information as I can, Finally decided to sign up on forum and post few questions (sorry if any of them might sound bit too obvious or silly) I have a debt of around 10.000£ I did online tool with Stepchange and was recommended DRO First…
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IVA Windfall
Had an IVA for just over a year now and stuck to the payments, it is getting easier budgeting and the first 12 months do appear to have flown by. Expecting a windfall payment (inheritance) sometime this year and do not want this to disappear into the IVA to pay the original debt figures (I assume the debt reverts to that…
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IVA advice please!
So I contacted StepChange for advice regarding my debts before Christmas and they first suggested bankruptcy but I carried on struggling onwards and didn't do anything else about it, but stopped paying into my NHS pension to free up an extra £100 for bills. Last week i did the StepChange debt thingy again, and this time…