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IVA And Savings Question
Hi, Currently i have 21k of debt. I was on a debt management plan paying 139 per month This was working, but recently one of my creditors said it was only for 6 months and have started charging interest. Also have a Line of credit and short term loan. Total monthlies on Repayments is about 400 plus 300 for finance. When i…
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Claiming mis-sold car finance whilst in a IVA
So I have just sent the template for Mia-sold car finance from a few years ago ( fingers crossed ) I get something , but I have 11 months left in my IVA . I have had a PPI claim awarded recently to my current vehicle finance and that was paid off and outstanding compensation was paid directly to me . However this new claim…
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Will this IVA never end?
I’ve due to end but they want to extend it
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Mortgage and IVAs
Hi! Looking for some help and advice i took an IVA out 2 years ago, I have recently settled it with a lump sum instalment i have 2 CCJs that are currently 2 years old (Debts included in IVA) my credit rating on Experian is 489 I spent 3 years when I was 18/19 in an abusive relationship where I took out multiple loans and…
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IVA
Hi, I am currently nearly 2nd year into my IVA. I’ve been reading this forum and questioning whether an iva is right for me now. I fell for the ads on social media and foolishly didn’t do enough research. Nevertheless I’m stuck in it now and making the best out of a bad situation. I needed to sort my finances out as was in…
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Full and final settlement IVA
Morning all, Looking to see others experience of full and final settlement with creditfix. I have been in my IVA since March, paying £150pm for 5 years but with property clause. My property has no equity and will have none in 5years also. My job changed decrease of 5k a year and bills increased April, I have done a new I &…
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IVA Final Year, Equity Release, Specialist Broker?
Hi, I am approaching the final year of my IVA in a few months time. I have recieved a letter from my IVA provider Stating that as its almost time to attempt to release equity, i must contact the firms chosen specialist mortage broker (the select partnership). Upon speaking to them it seems they specialise is successful…
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Read Articles that IVA is the option To Protect People With Mortgage
Hi I always read that IVA should be the path to take to protect one’s property with mortgage 1. If someone’s is in DMP and get a CCJ with restriction then I believe it will be much better than IVA, please advise if my understanding is correct 2. IVA will normally carry a term at 5 years to pay most of the outstanding loans…
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Ending IVA
I have just enetered my 5th year of my IVA. My current fixed term mortgage expires Oct 24 with my IVA finishing its 5th year Nov 24. I have spoken to several people from my IP who until last week gave me an indication of how much I would need to raise to pay off my IVA rather than entering 1 final year before write off. I…
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IVA issues 10 years later....
Hi all, In March 2012 I had an IVA that was fully paid off in April 2013 (my father died and I had an inheritance) Since then, the company I had the IVA with were bought out. I have recently applied for a remortgage only to find out that the Sole Proprietor restriction is still on the title deed. I have called the company…
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IVA creditors adjourned meeting
Can anyone advise?? We had our original IVA meeting adjourned due to creditors asking for more info. we provided this further info required and the adjourned meeting was due today - with today being the last day of the 14 day limit. ……but the creditors didn’t get in contact with PAYPLAN for this adjourned meeting and it…
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My DRO application has been submitted now what.
Hi Guys, I spoke with a caseworker at the CAB today as I had agreed to my DRO application being sent over to the insolvency office on the 25th Oct. I was told I would receive a call from them in a few days but I told her today I’m still waiting. She said that she could see there was a note on the system saying urgent, so I…
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just over DRO credit score is 848
Can I get some bank accounts now? can I get a chase and tesco bank. Does applying lots of banks account quickly lower your credit score? Should I wait a bit longer? should I get them slowly? Never want to get in that mess again.
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Help with IVA Settlement Letter
Hi, A family member has kindly offered to settle our IVAs (we have 20 months left £7200 owing 4-5 years in). The settlement figure proposed is £7000, Payplan seemed pretty confident that our creditors would accept that amount which is great. I must admit they have been pretty great. We pay £480 per month roughly and to be…
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Changing circumstances during 12 months restrictions period
Hi there, A few questions about DRO. I anticipate starting one imminently. Does anyone know - if you start a DRO and your circumstances change within the 12 months restrictions period - does the DRO still stay on your credit record for 6 years if you come out of it? Can you make a note on your file or something? Can you…
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ending IVA early?
Good Afternoon, I am in an IVA with creditfix and have 4 more payments to go, at the middle of March I will be able to pay off the remaining 3 months in one go (£579). Do I have to ring them or can I pay using the "make payment" button in the app, or would this be classed as extra payment. many thanks
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IVA Approved on day I got paid - do I declare the bonus received today?
The first payment comes out in a few days time. The IVA was approved today and I got paid around 1AM this morning with a bonus, does it need declaring?
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Quick advice re paying off IVA
My IVA is due to complete in March 2024 as it will have completed 6 years. However I still have another 6 months payments to make taking me to Aug 2024. I need to move house in the summer so really need this off my credit file asap, I can’t determine whether this will happen automatically at 6 years or whether it will drop…
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IVA completed and fully paid June 2023. Still not closed?
Hi I entered a 5 year IVA May 2018 with Creditfix. I had a 1 month extension and the last IVA payment was June 2023. I received confirmation from Creditfix no further payments where due. Then all went quiet...... I emailed end of December 2023 to check on the completion status as I had not received any formal document to…
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DRO
I am after some advice, I am thinking of applying for a DRO due to being unable to repay the debt I owe. I do have a vehicle worth about £6000, the majority of the car was paid for in cash by my father in law. Does this still count as an asset worth more than £2000 or can i claim i do not own the majority of the vehicle,…
