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CCJ issued during IVA
I completed my IVA at the end of February gone, my credit score has just dropped 90 points. On looking into this I can see a county court judgement has been added from September 2017 at a previous address. This is the first I know about this zero correspondence, no previous inkling that this was going on. I know a CCJ cant…
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IVA advice required
Back in 2014 I entered into a selling IVA with StepChange, which was completed in June 2015 when we sold our house, and I used my side of funds and paid this direct to StepChange. Fast forward 5 years, and it it now clear that a substantial amount of this fund never reached a unsecured loan that we had with NRAM. Heliodor…
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IVA increase after car finance finished
Hi! My IVA is due to increase by the amount of my car finance which is £92 in November when that’s paid off. However, I had an accident on Friday and my car has been classed as a total loss, my remaining finance will either paid by my gap insurance or out of my claim money. However my problem is now that I’ve had an…
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Car finance just cleared. Now the IVA folks want that value on top of the usual monthly amount.
I financed a car at £150 per month prior to setting up my IVA. I'm now three years in and the car finance is settled. My monthly IVA payment is £200. The latest payment went up to £350 and was debited from my account the month after the finance was settled. Is there anyway to negotiate this back down with my IVA…
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IVA and PPI refund help
Hi, my husband has received numerous letters from RBS with PPI refunds following their own investigations. Each letter has a different refund value, in total amounting to around £21.000. He has not pursued these claims, RBS have contacted him. My husband has 1 year to go with his IVA, with £3000 left to pay, he will be…
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Anything after IVA
A few years ago I lent a friend £15000 to help his business He lost contracts and the business failed , he went into an IVA He then paid about £9000 off the £120000 he owed and was marked as complete Other creditors agreed and he got over 85% approval .I didn’t agree I have received only £878 back and now can’t go any…
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MORTGAGE ADVICE
I’m hoping someone is able to advise me. My husband has £60000+ debt. Because of his debt I have always paid all bills including the mortgage and I am the main earner (£40000 to his £22000). He wants to go for an IVA. His name is on the mortgage. I want to remove his name and he has agreed as I am worried that when the…
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Can I get a mortgage after my IVA
I took out an IVA in Jan 2015, I paid off the IVA in April 2017. I believe this will no longer be on my credit file come Jan 21? 6 years I'm desperate to get a mortgage so my ex doesn't sell my home, I've been told the lending market will open up to me after the 6 years (Jan 21) and I won't pay a premium for borrowing. Is…
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Difference DRO and bankruptcy
What are the advantages of choosing a DRO over bankruptcy? i know bankruptcy is several hundred pounds and DRO is less than a £100 but the DRO sounds much harder. with bankruptcy you don’t have to get all your debts listed, it doesn’t matter if you left one out. But DRO if you forgot to list one then you still owe it?…
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Car finance with IVA
Hi, I’m currently in my second year of my IVA, I have my car on finance which is due to end in December and my IVA payment is to go up the amount I pay for my car however, yesterday I was in a crash and have sustained extensive damage to the front of the car, my excess on my insurance is £600 altogether and I obviously…
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IVA Savings
Hi, I have been on an IVA for a few months and filled out a expenditure form dictating how much I spend and at the end we had a disposable income which is what we pay each month to the IVA. My question is on the expenditure form there are things I have now stopped using so I can save this money e.g TV license, Travel (I…
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Applying for an IVA outside the UK
Hi Is there anyone who can give me some sound advise? I moved to New Zealand from the UK just over 2 years ago and have been trying to repay my debt on my credit cards (approx £26k) and unfortunately due to various circumstances I am no longer able to meet the minimum payments. I have looked at the options available and it…
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Gifting money
Hi, my son has a current IVA, I would like to set up a lifetime ISA (LISA) for him. Would this be possible or would his IVA administrator insist that this money is used to pay part of his debt? Thank you Mark
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IVA and PPI query
Hi guys, Sorry if this has been posted before i have been looking for some advice on this. I completed an IVA in 2016 and got my completion certificate, at the time credo claims were looking into ppi on behalf of the IP and i understand anything that was due would go into the IVA but any interest would be paid to me. I…
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Divorce settlement & IVA
I took out an IVA in January (due to debts caused by marriage separation). I owed £15k. It is looking likely that I will receive £15k in my divorce settlement - will IVA take all of this? I have legal fees to pay (around £2-3k) and I currently have no car and need to use that money. I have 2 children and a car is…
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Token Payments
Hi there!! Is doing token payments any good? Any one is on it? Thank you so much for your time and effort. Stay safe!!
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Advice - is an iva a good idea for me?
Hi looking for advice. Me and my wife have a combined roughly 60k debt (excluding car finance and mortgage) its all loans and credit cards, most of which have been passed on to debt collectors. It’s 15 accounts/lenders, although a few have been passed onto the same debt collectors. If I were to pay them all monthly it…
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Debt is £20700, hoping to qualify for DRO
Hi guys, I hope everyone is well during this pandemic. I am new to this forum. I would like to ask a simple question. Basically, my debt reached £20,700 now because of the interest piling up. I would have qualified for DRO except that my debt has exceeded. My friend advised me to pay my creditors about £750, so my debt…
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Need Advice!
Hi All, Hope you're all well. I need some advice, over the past six years, I've got myself into a pickle with unsecured borrowing. I'm 26 and work a full time job to which I am currently furloughed. My cards are nearing the end of their zero percent interest and I know it's going to be tight and I'm not actually hacking at…
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Insolvency register
Hi been in iva 5 years 5 month now. But still waiting on aperture if I should try and release equity or potentially 1 more year. But my question is will my name come off the insolvency register after six years if I still after pay for another year