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DMP entered but feel was wrong decission
I was £3580 in debt £1200 with Currys,rest with Klarna.in a moment of panic I spoke to a company who said we can help by putting on DMP and spread costs etc.ithought yes that would be great.so entered into it. But now in reality I have realised for 3 months I could have aid the klarna off...and be left with just…
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Paid IVA off early
Hi I paid my IVA off early using my tax free amount of my pension fund but have now been told it takes 6 months to get my completion certificate. i need to redecorate my house as it is in poor state of affairs am I able to take more money from my draw down pension or can creditors still take it even though my IVA is now…
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Help needed Gaurantor loan & DRO
Hi All, I am looking at applying for a DRO and my partner is also. The question I have is. I have 2 guarantor loans which were taken out with Future Finance Ltd when I was in Uni. They have since gone into voluntary insolvency. The guarantors are my partner and my landlord. Due to health reasons and my partner having to be…
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TSB refusing to change default date - Scottish Trust Deed
Hi there, I have been in a protected Trust Deed since January 2023 and TSB are refusing to change the default date of my Credit Card to be aligned to the PTD. I have raised a complaint with them that they have not upheld and the FOS won't help either as they are saying the issue is over 6 months ago so won't help. I was…
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Spiralling/drowning in worry IVA/DMP advice please
Hi All, Apologies for the long post….. I have been in a DMP with StepChange for almost 3 years, they have been so good to me I am ashamed to admit with the cost of living and my stupid mental health I have obtained more credit whilst in this DMP that I am unable to pay off, (I am currently on sick pay post shoulder op) The…
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reasonable fees for IVA
Hi, I have been quoted £113 per month repayment on c£10,000 of debt, through Ukdebtexpert.co.uk and creditfix.co.uk, their fees are £4500, including supervisor fee of £2100. Repayments would total £6780 over 5 years. Is this a good deal?
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Will have a lodger affect my IVA?
I am thinking about taking in a lodger under the 'Rent a Room Scheme' The annual income would be under £7500 so I think I do not need to fill in a tax return, but will it effect my IVA?
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Moving house but husband has IVA
wondering if anyone can help. I’ve recently found out my husband has been in an IVA for almost 5 years. We own a home together (with a mortgage) and really need to move for more space as we’ve had 2 children since he started the IVA. However the debt is a lot (60k) and as we will only have one more year until the IVA…
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DRO application - pay pal 3 and bank statements
Hi, I am currently in the process of applying for a DRO. I was just wondering if the official reciever can see that I have been using pay pal in 3 for the last couple of months? I was making payments on time before my financial situation got worse. Would this go against me as during that time I was on a Debt Management…
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Received a letter from one of listed creditors - DRO moratorium
Hi Im already 10 months into DRO moratorium period. Yesterday for the first time I received a letter from one of listed creditors with annual statement with arrears amount. Should I do anything with it?
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DRO application
Hi Guys. Really need some advice. After a long journey trying to get help with debt, my debt application was finally sent to an approved intermediary on 22nd March. My debt advisor said tge approved intermediary from CMA would contact me. My debt advisor then contacted me on 8th April asking to clarify my full name? The…
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Mortgage 8 years after DRO
About to apply for a mortgage - do I have to disclose that I had a DRO (8 years since end of moratorium) even if it has been removed from the register and my file? I'm fortunate enough to have a deposit that takes me over 50% and my credit rating is now very good. For most lenders would this outweigh the past DRO?
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Partners income and my Child’s DLA on IVA
I have had an IVA in place for nearly 3 years. Last year my Son was awarded DLA and I advised the pay plan of this, but sought advice from CAB who advised that my child’s DLA should not be considered as income as it’s not my income but my Sons. Payplan have since returned with that it has to be considered in the budget and…
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Phone bill& DRO
Hello I really need some help. I got my dro out maybe a year ago Now and I got told to add my phone contact even thought I was still paying it off. I got advice to continue to pay it off even though we added it to the DRO. in recent months I’ve struggled to pay it and it’s now been sent to a debt collection company. I’ve…
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DRO & Vodafone Contract
Hello, I am in the process of talking to a financial advisor and will be applying for a DRO at the end of June (when the limit increases). I currently have a mobile phone contract with Vodafone – airtime plan and 2x device plans (the first device broke). Vodafone have terminated the airtime plan so this can be included in…
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Iva and injury conpensation
Evening, i am in an iva, and couple weeks ago i was in a car accident , the 3rd party is 100% at fault an the insurance is taking care of it , i am undergoing whiplash physio an treatment fir anxiety as a result, i am wondering do i keep any compensation for injury? any help wil be great thanks
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DRO from 2018 but paid debt to Lowell
Hello, first time posting so forgive me if any mistakes. I paid off an old British Gas debt that had been sent to Lowell. Lowell contacted me in 2021 regarding this debt and chased for payment. I advised I’m sure this debt was in my DRO of 2018 but could not find proof. now the Lowell account is clear and closed, I have…
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Should I Pursue IVA Mis-selling?
I have been doing some research and really feel that I was mis-sold my IVA with credit fix... I was told a lot of half truths and wasn't fully aware at the time the impact it would have on me long term. It was the start of the pandemic and my job prospect at the time wasn't good, both myself and partner were at looking at…
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DRO Pay rise of 135£
Hi It looks like I got a pay rise of 135£. It still makes my income much smaller than outome bills etc. by over 100£. Do I need to inform them of this change? It doesn't make me have any spare money at the end of the month anyway.
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Current account with DRO
Hi, My DRO has recently been approved for two overdrafts and two credit cards. I have a normal current account with Barclays which I have never owed money to same with my chase account. Will I lose these accounts seeing how they are normal current accounts or will it be fine? I got told you need to have a basic account I…
