-
From F&F Day to Hooray - my journey from IVA to closure & beyond
Hi all, I just wanted to post a little bit about my personal journey ref: IVA (non-mortgage) at F&F point til now. So back in May, after much deliberation and research I decided to approach Sprout Loans for an ‘IVA Settlement Loan’. I asked many questions and pontificated for a week or so before I hit the button. At the…
-
Request from solicitor re: Financial Mis-selling Redress for your IVA Estate
My father is coming to the end of a 5-year IVA. He made his final payment in the summer, and is now awaiting his completion certificate. A few weeks ago he received an email from a solicitor, entitled 'Financial Mis-selling Redress for your IVA Estate'. They told him they had been instructed by the supervisors of his IVA…
-
Can IVA be extended
Hi, Looking for advice. I have an IVA running, set up in June 2020. All is well, payments made regularly, reviewed in July 2021, no issues. Just had a letter saying I am in "breach" of contract. On inquiring about it, my IVA manager informed me that my debts were 15% more than I reported in 2020 and that it wont affect my…
-
Overtime being spent on arrears?
Hi all, So if you are in an Iva you declare overtime and we as a joint Iva know that but the overtime my husband is doing - £200-£300 extra a month is actually being paid on car, utilities, council tax and mortgage arrears. Literally you name it we have arrears in it. We have all evidence of these. Im not proud of this at…
-
How long to set up a DRO?
Hi folks For anyone who has or had a DRO, I was wondering how long in your experience it took to set up? Thanks in advance for any feedback.
-
Thinking of a DRO but still spending on my cards
Hi, I have just over 8k of debts which I am somehow managing to make the minimum payments on, however I am a full time carer and currently on UC with the carers element and with losing the temporary increase I will no longer be able to afford to meet my commitments. As I have no disposable income a DRO was not recommended…
-
IVA Queries
Hi, I am currently 3.5 years into an IVA with Payplan. I have been pretty lax with things and I have decided I need to be more proactve so I know where I should be. I recently have secured a 8k payrise - I have not yet informed Payplan of this but I would need to provide the payslips at my next review. With the payrise in…
-
BBL and IVA’s
I have a business and iv ended up putting myself into a IVA to keep to business afloat and iv taken a BBL via the company iv you are responsible for paying back the BBL even if I closed the company wouldn’t that stand to reason I should be able to add the BBL to my IVA and keep to company going my understanding is the…
-
11 months in IVA wanting to offer F&F
Hello all, It’s been a while since I’ve been on this thread. Just been plodding along with the IVA. I’m 10 months in (11 in a few weeks time) is this okay to offer a full and final settlement? I have many personal reasons as to why I want to just finish this IVA asap and a family member is willing to pay this off for me.…
-
Mortgage change after iva finished 3 years ago
Hi I want to try an get a better deal can anyone tell me if I could do,this my iva finished 3 years ago
-
Silly question time (probably)
To be honest I am I little fed up of everything. The uplift in UC stopped has made my situation worse, the cost of every flaming thing has gone up and my flatmate is cheesed off as he is having to pay the shortfall and all of the rent which will nearly cover half of his wages when it goes up in November. So when I get a…
-
Are these a legit company
https://getoutofdebt.co.uk/debt-relief-orders/lp-3/?vtsource=Google&vtcampaignid=12077487099&vtadgroupid=126016586103&vttargetid=kwd-147769309&vtcreative=546524245600&vtmatchtype=b&vtnetwork=g&vtdevice=m&vtgclid=Cj0KCQjwtrSLBhCLARIsACh6Rmhl5r3NcS4-A6y-XKMDTYj16Vh3ET_CArs2OOOEGe8uhYhLZqURCHMaAskCEALw_wcB&vtkeyword=get help…
-
IVA early settlement loan (sprout)
Hi, I've been contacted by my IP to discuss an early settlement loan via Sprout Loans. I'm 42 months in and have not missed a payment, they contacted me around the 30 month point. Does anyone have experience of using these? Any success, positives or pitfalls? I was hoping that this might keep my IVA to the five year mark…
-
Recent IVA
I recently applied for An IVA. The paperwork has been completed and I have opened a new bank account with Nat West. My account with my previous bank TSB has been frozen and I am unable to access my pensions which has already been paid into the old account. Can anyone else please.
-
DRO and bank accounts
Hello, I am likely about to go through the process of setting up a DRO. I have spoken to Step Change and have done a lot of research, including reading through many of the posts on this forum, so I'm confident that I'm fairly well informed about what I'm getting into. One area that I'm still a little concerned about is…
-
Should I let IVA fail
Currently 16 months into an IVA, since starting it our finances have considerable improved, I am also due a share payout which I understand will go to IVA. Short story, I owe approx 70k once of which is HMRC, my query is now that I have this payout coming, can I/should I let the IVA fail, use the share payout to clear HMRC…
-
DRO complete
Good afternoon I didnt think i would be asking for advice quite so soon 😂. I bet you thought you would be rid of me now haha. I am now 1 week discharged from my DRO and have started to get notice of sums in arrears for debts that were included in my DRO, would it take them a while to realise its been a year to stop…
-
Bad credit despite settled IVA
Hi. I successfully completed an IVA in 2017 which was agreed by all debtors. Yet one of the debts, a personal loan, is still showing as unpaid on my credit report and my credit report remains poor. Apart from mortgage and mobile phone and one store card I have no other current debt. I have no overdraft or credit cards.…
