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IVA & DRO

Archives for June 2020

Iva outcome
Has anyone had problems with their IVA meetings being adjourned all the time. This is the 3rd time in a row that it's been adjourned, the company doesn't ring us to let us know what's happening. We have to contact them. I appreciate they maybe very busy but their customer service skills are rubbish. When we do get hold of…
Coming to the end of an Aperture IVA
Hi, my husband completed his 5 year IVA with Aperture in April, they’ve told him it will take him 6 months to process the ‘closure’, they said they would be contacting all the interested parties to get confirmation they’re happy to close the IVA. That was a recorded message he got when he called them to check what needed…
Payplan
Hi I seem to be having a problem with payplan recently they put up my payment well double it which I can afford.gone Through the budget change it and we have £150 left but the payment is £250. They say this is my affordable and It ain't. Can I change to another IVA provider has I can't they seem not to understand.im at…
IVA and ebay
Hello! I have just begun the IVA process and submitted my documents. Next stop meeting of creditors. My question is that I occasionally sell things I no longer need on eBay. Very little actually profit is made, just selling things I no longer need. I withdraw the cash into my basic current account and use for other things-…
DRO - Proof Of Income/Expenditure. Time Period Taken Into Account For Income and Expenditure.
Hello all, I'd like to ask the following particularly to people who have been through the process of getting a DRO. 1) What time period is taken into consideration regarding my income and expenditure when applying for a DRO? For example, are my last 3 months bank statements/receipts needed? Are a certain number of years…
IVA full and final settlement & queries
Hello, I am currently on an IVA, and have been for 2.5 years. I have a further 10k to pay off to settle the IVA and I am planning on offering them 5/6k that is being gifted by my partner. Upon looking at my credit check on Experian and ClearScore, neither of them show the main creditor as a listed account either 'closed…
Ex has IVA but we have joint mortgage
I have been divorced for 10 years and solely responsible for the mortgage in that time . My ex refused to agree To any financial settlement but has finally agreed to sign house over if I don’t claim on his pension . Before I could arrange remortgage I have found out he has an IVA. As we still have joint mortgage will he be…
IVA Paid Off?
Hello! I'm currently in an IVA with Creditfix (originally through another IP but was moved a while back to them) and I want to make sure I have the right understanding in the way I believed the IVA process to work. I started in 2017 with just under £30k of debt, and now 3 years in my credit file shows two accounts with…
IVA modification question
Hi, When my IVA was agreed a modification was entered by the creditors which I agreed to. The modification was: "The debtor must seek to obtain Child Maintenance payments from his ex partner. 60% of any monies being received as a result of this must be introduced into the Arrangement for the benefit of creditors." I had to…
Review
Hi I have an iva review coming up and they have asked for 3months of bank statements. With covid 19 and not being able to go out day to day and spend. Plus a mortgage break 3months I took and some financial present s for a birthday. My account is healthy and I'm getting back on my feet. Obviously they will see my account…
IVA due to covid on verge of cancellation
Hi, im at my wits end with this debt. I left a past relationship and ended up with all the debt. I owed a total of around 14k to 4 or 5 credit cards and loans. No mortgage etc. I was paying £143 into my iva and have kept up with payments for 2 years as im self employed... then covid strikes. Ive been out of work since…
Termination of IVA
I have come into some money and want to bring this arrangement to and end. Creditfix have given me the option of terminating the IVA and dealing with the Creitors myself. They say that the creditors may backdate the interest that had been frozen. My credit rating will be affected though doesn’t worry me. The total charge 3…
Debt Free Direct Ltd IVA and Aperture IVA
Hi there! Wondering if anyone else has experienced anything similar to this?? I have received a letter from Aperture IVA regarding an IVA I had a couple of years ago with Debt Free Direct Limited, which must have been finalised a good 5 or 6 years ago. They acquired DFD in Sept 2017 and apparently after reviewing all of…
DMP or IVA
Hi,I am trying to resolve my debits. Following talks with Stepchange I was recommended to go for a Debit Management Plan which would take around 8 years to pay off my loan and credit card debits. Today after another call with Stepchange they suggested that IVA would perhaps be better as it is legally binding and would be…
IVA Joint Bank Account & Credit Rating
I have recently completed my IVA and received my certificate. One part of the IVA was for a joint bank account overdraft of £400.00, this was satisfied within the completion of the IVA. However my wife has found out when trying to change the mortgage she has a default notice on her credit rating due to her name being part…
Mortgage and DRO
Hi, I was discharged from a DRO order in October 2015, due to drop off my credit report October 2021. My partner and I have started to discuss buying a house in the near future. We are both 30 this year and are keen to buy and feel a bit more settled. We have a £40000 deposit and are looking at houses in the £150000-160000…
"I have no history of bad debt"
Due to some ill-advised decisions and a small problem with impulse control, I got myself into a fair amount of debt and rather deep hole in my youth. Thanks to the help of this board, I entered into an IVA in 2000 and completed the IVA in 2007. I left the country to work abroad in 2011 and I am looking to return to the UK…
Emergrating and iva
Is it possible to emergrate to Australia with an iva? It would be with a new partner and I hope to offer a settlement figure from selling my property prior to moving /applying but how does this affect a visa application etc?
Moved: IVA High Rate mortgage. Remortgage
This discussion has been moved.
Severance Pay & IVA
Hello, Just looking for some advice before I contact my IVA company. I have 21 months left on my IVA and I've just showed interest in Voluntary Redundancy as I work in aviation and it's a case of take this opportunity or there's a risk of being pushed. Plus I have had an interview and been given a place at a local college…

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IVA & DRO

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