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IVA & DRO

Archives for December 2020

Creditors meeting 5th Jan
Hello all, Been watching this forum for some time now and finally ready to post about it. I have been struggling with debt for a while and actually came to the realisation this year mainly sped up by COVID and furlough situations etc. Anyway I have been dealing with Stepchange and they have been amazing. I can’t thank them…
Moving country- act now or delay
Myself and husband are seriously in the s*** and we are about 2/3 months off completely broke and being unable to pay all debtors (approx £60k owed). We are moving from England to Scotland to be nearer family In Feb, but not sure if we should start the IVA process here in England before we go or wait until we are in…
Mortgage for settled IVA (pre 6 years)
Hi, Any help on this would be massively grateful. I have just settled my IVA early as one lump sum (3 years in) Hoping to be able to look at getting a mortgage next year if it's possible. My partners credit is currently excellent but it will probably allow both of our wages put together to cover the mortgage that we want.…
IVA and Christmas Bonus - Please help
Hi all. I had a reply back from my IP with regards to the extra payment I have to make from my Christmas bonus I received from work. The breakdown of my monthly wages are as follows: Before tax: £1413.36 + £250(bonus) = £1663.36 After tax, NI and pension (£298.42) = £1364.94 My IP says an additional payment based on that…
DRO and Very
Hi, So I was granted a DRO a few months ago and I also have an open Very account that I never used. I'm wondering, am I able to use the BNPL scheme with having the DRO?
Payday loan review
Hiya Just after some advice if possible, i have received quite a bit of correspondence from one of my creditors, asking for an income declaration form to be filled in, over 10 years and loans i have had previously. I have spoken with stepchange to see if i have legally got to fill this in or if i can ignore, and they said…
Anxiously waiting!!!
hi again, My DRO application was submitted on Monday afternoon (14th Dec) and my payplan adviser said I would hear via email either Wednesday or today. He seemed extremely confident that I’d have approval by the end of the week. Is it that quick? I hate the waiting I’m literally checking emails all the time🙈 does this time…
Banks....
hi lovely lovely people I need to change my bank as my current bank has now gone into a DRO.. I tried Monzo but then discovered they are connected to NatWest (my bank in the dro) anyway I tried Santander can’t see any links to NatWest.... or am I wrong😩🙈😳 tia kaz
Had dro trying to do credit clean up
and this is what they said and trying to lump me with the debt again after reading it and having time its made me angry @sourcrates @fatbelly what you both think time to complain to the ico
Hi there I have a few questions
Hi there everyone I’ve been reading these posts for a few weeks as I’ve been going through the process of a DRO which has finally been put together by Pay Plan, they have been absolutely amazing all the way through they helped me with my anxiety and always put my mind at rest when I had queries. I have paid the £90 so I…
DRO and closed paypal / credit accounts
I'm looking to apply for a DRO. I have a paypal credit account with items I bought for just under £1000 in the last year or so, mostly presents to relatives and clothing. To simplify things I thought about closing the account. Will the official receiver be alerted in any way of the closure? or will he normally check for a…
DRO and closed bank accounts
I am looking to apply for a DRO, I have a main bank account and a second one I made deposits with money I got from my family helping me while sick and unemployed. As I had this sent via Western Union and keep no proof, I realise it may raise suspicion with the official receiver. To simplify things I thought of closing down…
IVA and work bonus
Hi all. Been a while since I've posted anything IVA related as all seems to be going smoothly as I'm now 2 years or so in to it. Anyway, with what's been going on with the coronavirus my boss has made lots of money as she owns a shop which was allowed to stay open throughout and decided to give everyone a £250 bonus last…
Debt Relief Group?
Has anyone used the ‘Debt Relief Group’ for help with an IVA? My Adult son is in the process of going with them but he can be quite vulnerable and I’d really like to check them out first (but can’t find much out online about them). Any help would be gratefully appreciated. Beth
Considering entering an IVA
Hi Guys I'm looking for a little advice, I seriously considering entering into an IVA to take control of my debt. But wanted a little advice 1st, I have a car that was bought for me a couple of months ago by a family member, the car is still in my family members name, and she is legal owner of the vehicle, however I pay…
Public Liability
Hi all ive just joined here and need some help please. I’m coming to he end of my first year of 5 in an IVA and my Public Liability has run out, I’m a tree surgeon - sole trader but no companies I’ve asked will insure me, can anyone direct me to a company that might? Many thanks Dan👍🎄

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MSE News

Ofgem proposes new 'no standing charge' Price Cap – but Martin Lewis warns vulnerable customers need to be opted in or it won't work
Ofgem has today launched detailed proposals for a major shake up to its Energy Price Cap that dictates the price over 80% of homes in England, Scotland and Wales pay for their energy bills.
Lloyds, Halifax and Bank of Scotland to cut overdraft rates for millions but hike them for others – here's what's happening and full help
If you're a Lloyds, Halifax or Bank of Scotland current account holder, the interest rate you're charged for using your overdraft could change soon as part of a fees shake-up. The Lloyds Banking Group, which owns all three brands, says millions of its customers will pay less after the changes – but a "few" will pay more.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more low-income households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Martin Lewis: At last a chance to fix Council Tax flaws impacting millions – debt collection, difficulty challenging your band, discounts and more
Major flaws in the Council Tax system in England could finally be fixed in future, as the Government has launched a wide-ranging consultation to review hideous debt collection practices, the difficulty of challenging your band, the overly complex and horribly-named Severe Mental Impairment discount and more. MoneySavingExpert.com founder Martin Lewis, who has long campaigned on these issues, shares his response and analysis.
Energy complaints to be dealt with more quickly and Energy Ombudsman to get new powers under Government plans
If you have a complaint about your energy firm, it may be resolved more quickly in future, as the Government has announced a raft of proposals to strengthen consumer protections in the energy market. The planned changes include giving the Energy Ombudsman new powers to force firms to comply with its decisions – but it's still very early days. Here's what we know so far.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Base rate held at 4.25% – here's what it means and when it might be cut next
The Bank of England has held the base rate at 4.25%. Below we explain why, when it might be cut, plus what it means for your mortgage and savings.
Applied for South West Trains 'boundary fares' compensation? Act now to claim it
If you applied for compensation from South West Trains before the deadline in January 2025, you now need to provide your bank details to the claim administrator so it can be paid to you. Here's what you need to know.
Winter Fuel Payments to be reinstated for millions – Martin Lewis explains how it'll work, what it means and if it's an improvement
All State Pensioners in England and Wales will receive a Winter Fuel Payment this winter, though those who earn over £35,000 will see it clawed back through the tax system. It means nine million pensioners will get the £200 or £300 top-up. Here MoneySavingExpert.com founder Martin Lewis shares his instant response and analysis, and we include answers to your key questions.

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IVA & DRO

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