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Considering a DRO, but waiting for court case to conclude
Dear all, I have around 13K in debt. I also have a County Court case which I have brought, which may or may not result in an adverse Costs Order against me, particularly if I lose or my claim gets struck-out. I take it there is no issue with including any adverse Costs Order in the DRO, as they do not appear to be an…
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PayPlan IVA & Debts
Hi all I started my IVA around Feb 2019. My total debts amounted to about £15,000. I done the I & E etc, and the total amount I had to pay was £50pm. I regularly work overtime so my payments were never that low, always around £190, highest been around £300 I believe. I've paid roughly £1,500 to date. I feel now that I want…
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Opening a basic bank account
Hi guys, As some may have read on my other threads I’m looking at applying for a DRO. I currently have debts with my current bank account (a credit card, loan and overdraft). My next payment due out for that is on the 16th. I’ve already not paid my aqua credit card this month (was due on the 1st) and am getting around 5…
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IVA, how far back do they check accounts
Hi guys, really need someone's help. I applied for an IVA 6 months ago after struggling with over 10+ yrs of debt (approx 30k). I've worked 7 days a week since to no avail. It was made worse after having a child 2 years ago and the wife being off for those 2 years (with no income) with son being ill all the time At the end…
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DRO Advice need please
I have a DRO that was granted on Nov 2019. so just a few months in. what i would like advice on is should this still be happening on my credit report? 07/01/2020 Default 07/01/2020Default the rest range back through December Over credit limit Payment status worsening Payment status worsening Over credit limit Default…
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Annual Reviews
Hi all, Just about to apply for an IVA, however, I have been looking for more information about the annual review as it is not very clear from my research what it consists of and how it is done. Do they take 12 months bank statements from all accounts, HMRC check, scrutinise all payments etc.? Would anyone be willing to…
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Timescales for setting up a DRO
I submitted an application for DRO on 23rd December and I called Stepchange today and they advised they have a backlog and it's going to take 4 to 6 weeks before my application is reviewed. Just wondered from others experiences is there anywhere such as Payplan or CAB that can set it up quicker? In hindsight I was going to…
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Setting up a Ltd Company after IVA
Looking for any advice. My partner and I both went through very difficult divorces before we met, which resulted in us both going through some financial difficulty. Luckily we have both come through it and are looking to now start our own Ltd carpentry and construction business. The issue is that my partner entered into an…
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Dro issues?
Hi. I'm new to this but I'm hoping someone can help. Both myself and my husband had a dro in 2017, every month since we've had credit reports from credit karma. There were no issues with the dro, it was all straight forward. Now however, over 2 years later, 4 debts are showing as active and I'm in default? Can they do…
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Expenditures DRO
Hi guys, I did an online debt remedy with StepChange and it came up that they felt the best way forward would be a DRO. They’ve emailed me an application pack and I’ve looked at it. I’m a bit confused as it says my application could get refused by the official receiver as I put down £60 a month for smoking and that’s…
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Paying off IVA
I started on an IVA about 7 months ago, currently paying around £140/month so I have a total of around £7500 left to pay. My original debts added up to around £13,000. The situation I find myself in at the moment is that I am going to be made redundant in a couple of months after 17 years with my current company. I have…
