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IVA & DRO

Archives for August 2020

Am I being robbed?
Hi A friend of mine has applied for an iva. She said she has declared all cards except one. She has now asked me to loan her 500 pounds to help her pay the 200 pound minimum payment and she can use the rest to live on till her pay day. This means that she can also she can keep the credit card running and open. I asked why…
Possible preferential payment? Advice needed
I'm in the final stages of applying for a DRO and realised I'm not sure if I made some preferential payments in the past... For a few months early this year I took out rent money from one of my credit cards and paid the same amount back each month until I realised this was not sustainable. After this I carried on making…
Iva annual review
Hello, I was just wondering how long it normally takes (I’m aware it will be longer due to the pandemic) to hear back when you submit an annual review. I’m with Aperture and on my last review there was no changes in income or expenditure so nothing changed. This year I have started a new job where I earn a bit more but…
Couple of annoying DRO questions
Hi, I've had a DRO and come through the other side, but mine was really quite simple. I'm trying to help a friend, we've been through her budget etc etc but the bits I'm stuck on are: She's used her credit until literally yesterday. Does she need to wait 3 months before she applies, or start the process now? She's going to…
DRO delay
Hiya, Just after some reassurance really. I applied for a debt relief order over a month ago now, I had told all my creditors (14 of them) this is what I was doing, so they all put my accounts on hold for 30 days. For some reason stepchange recieved my application wage slips, a debt review, and everything else that goes…
Cancelling an IVA
Is it possible to cancel an IVA and reclaim monies back. My son entered into one a year ago and we have since found out they haven't paid anything or logged the IVA against the loan despite their annual report saying they have. And for credit card it's been sold to a debt company. My son was 20 at the time, very stressed…
IVA - Inheritance help please.
Hi there, Hoping someone can help. Apologies as I've posted similar to the inheritance section but thought this might be a more suitable location. I'm working on my Father's Estate and have just learned that one of the beneficiaries (my brother) has an IVA against him and my understanding is that any money left to him…
Advice needed please
I have been in a Stepchange DMP for some time and have managed to get a 25K debt down to about 13K. Unfortunately, my work situation changed and my earnings went down, and after some massively bad luck, I ended up with a couple of BIG bills (Needed new roof, Car Blew up, Huge Vet Bill) I STUPIDLY ran up more credit card…
CCJ & IVA - Cert of Satisfaction
I have a CCJ showing on my credit file which dates back to an IVA. The IVA settles this debt and all others and the IVA is showing as "complete". The CCJ isn't. I have obtained a Certificate of Satisfaction for the CCJ but don't know what to do with it/who to contact to get my credit file updated.
DRO and student income
Hi, I am finding it near impossible to find out what is included and excluded regarding Student loans and grants when applying for a DRO/BANKRUPTCY. My award is made up of a mix of standard loans and grants which I know are classed as income, but also some extra grants due to disability. Are these disregarded as PIP/DLA…
Can you save on an iva?
Hi my iva has been submitted today And I was just sitting here wondering. Are you allowed to save? I was advised to open a new bank account with someone else and chose starling, they have little pots that you can save in. I can’t get a straight answer online as some are saying you can and some saying that it will have to…
54th month in iva
I got a phone call from the iva practitioners in the 56th month stating I had to pay another 12 months onto my iva. Are they in breach of their contract by not advising in the 54th month?
PINNACLE IVA
HI all I am new here so HELLO! OK so nearly 2 5 years ago i signed an IVA for a very lowly anount of like 4k. Im now trying to rent a property and having such a terrible time in finding something. Ive spoken to a few people and read that i shouldnt have been advised on this. Whats the best thing to do going forward please…
Advise please - Barclaycard letter
Hello there, Hope all of you are well and healthy, I am halfway through my DRO thanks to this forum and first time in roughly 8-9 years I can sleep properly not worrying debts! Thanks to everyone who is contributing to this forum and helping out people like me. Right, the advice. I am not entirely sure if this is the right…
Vanguard iva company
Can anyone help please. Ive had an iva for 2 and a half years. It started with one company then was taken over by this company vanguard! They have take 6000 pound off me ive paid back 3000 of that to crediters. But they are sending my threatening letters all the time as due to covid im not 200 pound in arrears. My wages…
IVA/BDM
Hi,I wonder if anyone can give me some advice, myself and my partner had an aip with Halifax, so we have a buyer for our property and have had an offer accepted on another, we have a 20% deposit, 2 weeks ago our broker informed us that Halifax whom we already have an existing mortgage with have declined is due to my…
Will I have a credit check?
I’m wondering if anyone can help me, I’m happy that I have just had the news I got the administrator job I had an interview for in a prison. I’m aware that Vetting Background checks and a DBS is required for the security clearances, I don’t have any criminal record and had continuous employment, however I’m worried that I…
Settlement Figure
Hi All, I have 29 payments left of my IVA. The contributions add up to £6641. A family member has offered to clear the balance for me. What would people suggest is a realistic figure to offer to creditors? I was thinking £5000. Anyone have an idea if that’s reasonable? thanks
IVA Approved! My Journey.
Hello All, I thought it would be a good idea to post my experience of the IVA process as when I was searching for information if was very limited or outdated. It came to realisation in May 2020 that I was in a pickle, I had lived beyond my means since I got my first credit card at 18. By the time I finished my studies and…
IVA Company?
Hi - I hope everyone is well. I have been doing some research and spoken to 'the IVA Advisors' and come to realise that an IVA is the best option to manage my debts. Just wondering if anyone has had any experience with 'the IVA Advisors' or can recommend anyone else to arrange it through - or does it really not matter too…

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IVA & DRO

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