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IVA & DRO

Archives for March 2021

Charging order on property
Would really love some help I have had a charging order on my property since 2007 I think I have been caught up in some bad practice from back in the day the property I had was back in 87/88 I walked away from a bad relationship leaving him in the house it then got repossed in 89 and then resold in March 92 I was the…
Guarantor Loan
Hi, I am after some advice. I am one year into my IVA and all is going ok. I had a guarantor loan which was not included in the IVA as my parent was the guarantor. So payments were being made through them. Now unfortunately my parent has passed away a short while ago. I am devastated and the last thing I want is that debt…
Advice please😊
Hi all, I am currently in my 12 months DRO which won’t finish until dec this year, I just wondered where I would stand if my child Maintenance is increased? My ex has had a pay rise there fore he will prob pay a little more due to this. This isn’t set in stone but if it puts my DRO in danger shall I refuse the extra? Have…
IVA help and Annual Review Questions
Hi all, When my debts got out of control and I started the process of entering into an IVA I suffered a mental health crisis and was off work. Step Change were aware of this, and were fine since I said I would be back to work before the IVA was in place. However when I started back at work they requested I did a phased…
Mis-sold IVA
Hi, I recently entered into an IVA for around 13k debt, I am a home owner and was advised that as I was struggling with my debt an IVA would be the best option for me. Although i had debt which was tough, I was struggling but managing. I never missed a payment to my debtors and didnt miss bill payments. I had a very good…
Dro - car
Hi I’m just looking into different debt options as I have around 10-12 thousand pounds of debt. However I have a car through assisted car purchase scheme from my employer. Would I be able to get a DRO with this? Thanks
IVA/DMP help
Hi guys I am considering taking out either an IVA or a DMP due to the fact I am now paying probably a third of my income towards debts. I am not behind on any of them - however I am only making the minimum payment on my credit cards and the amount is not showing any signs of going down. I wanted to consider a DMP as our…
would matched betting be possible / allowed whilst on a DRO?
Hi everyone, my first post here after a long while reading / spectating. . I've been speaking with Step change for a few years and considering going for a DRO. One thing that worries me is the inflexibility of earning more - I currently come out with about 1000 after tax and child maintenance. I tend to have around 200…
Help how do I find my IVA record
Hi! I am living a nightmare as my IVA ended in 2011. The IVA company was Blair Endersby, then it went to Bains & Ernst but then I found out in 2014 it went to Grant Thornton. The reason I’m asking is my IVA never sent me a completion certificate, I moved and they didn’t inform me of anything more. UNTIL I found out a…
Iva advice and taking name off mortgage
Hi me and my partner are separating. We have separate ivas but our home is in it to obviously to remortgage or have another 12 payments to make. Could he get took off the mortgage and get another i&e and then I would need to apply for universal credit has anyone got any advice if done this please or help thank you
Gifted a House
Hi Everyone, Hoping someone here can help please? My wife and I have just been gifted a house, we have the the keys and we are the registered owners. The issue is my wife is 2 years into her IVA, she has spoken to them in regards to this but they said they could not tell her what would happen until we own the house but…
IVA or stay on DMP?!
Hi all, I was hoping to gain some advice from you lovely people. I started a DMP a year ago and have been fine paying this every month. I have been given a small amount of money and want to pay off the debts that are still accruing interest but then carrying on with my DMP. I have completed my annual review (I'm with…
Iva - more than one payment break??
We had a 9 month payment break with my baby. We've got 2 years left on the IVA and I've just found out I'm pregnant again. Will we be allowed another payment break or will the iva fail??😫
‘Set aside’ date
Hi i have been on a debt arrangement scheme (DAS scotland) for just over 2 and a half years. All my payments are up to date and I still have around 3 years left. I just received an update on my clear score account saying my Credit report had been updated and ‘set aside date’ of feb 21 has been put on it. It does not offer…
Lump sum IVA
Hello I am wondering if anyone can help me. As you may have read I am in some financial difficulty but own a large asset including a large chunk of equity. One of my options is a lump sum IVA which would write off all of my debt. Including my non secured and my secured debt, not including my mortgage. This would cost me…
Moved: Selling my house
This discussion has been moved.
Iva wanting more money than was agreed
Hi, my iva was supposed to end in sept - that’s when the terms ended and my payments stopped. In December I was told they hadn’t updated my info in 2 years and as a result I owed them £1717. I did send them annual reviews but they didn’t update. Never did they get in touch to say they hadn’t received this info. My Total…
DRO granted but UC joint claim started
Hi, my DRO was just accepted today but within the last week, me and my partner have started a claim for Universal Credit as he’s now lost his job. Technically we are worse off now because of him losing his job, than when I filled out the DRO paperwork so I still will be left with under £50 at the end of each month. Do I…
PLANNING ON DRO IN MAY BUT BIG POSSIBLE PROBLEM
Hi all... I was planning on bankruptcy as my IVA is going to fail due to loss of earnings etc... after finding out there is a possibility dro threshold may be increased I'm holding off for now.. ok so the basics are ... I'm a single mother of 4 soley on benefits at the moment. Disabled child, im claiming carers at moment…
If someone has an IVA can they get a guarantor loan?
asking for a friend and literally cause my !!!!!! anit in debt lmao. so yeah basically can someone with a iva in place get a guarantor for guarantor loan or will they be rejected straight away? and before anyone says ' if someone needs to have a guarantor , not advisable with iva ' etc I dont care about that, I just want…

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