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Terminated IVA and Land Registry charge
hi thanks for reading. My IVA failed and was terminated last May 2019. It was originally with ClearDebt, who then were bought by Apeture and now I believe are being run by Jarvis. My question is, there is still a registered charge on my property in the name of Clear Debt's insolvency practitioner. As the IVA is terminated…
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Creditor Wants Evidence of DRO
I let one of my creditors know that I now have a DRO in place. They wrote back saying that they needed the documentation to prove this including a list of creditors and a copy of the Chairman's report. If they don't receive this in 7 days, they said my account would proceed to the next legal stage which is High Court…
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DRO, Self-Employment & Universal Credit Query
I have almost £32,000 worth of debt, some dating back over 20 years which I've not been able to pay. After burying my head in the sand for years, I finally dealt with it and now have a DRO in place that ends next June. My intention was always to pay my debts, but circumstances didn't allow. I'm a single parent, and was a…
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Discharged IVA
So I entered into an IVA in July 2021 with about 30k worth of debt. At the time I was being hassled by debt collectors so I thought it was a good idea to stop the visits. I didn't quite understand the fees etc and how it worked at the time. In Jan 2024 I decided to discharge myself from the IVA. I had had a substantial pay…
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DRO Car Valuation
Hello, I am looking for some help as I am starting to despair. I contacted Stepchange initially for debt advice, I spoke to an IVA advisor who helped me with my budget and said I didn't qualify as I didn't have enough money at the end of the month. I have a car and she checked my registration and told me if I were to wait…
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Three and DRO
Hi, I am currently in the process of applying for a DRO and have a contract with Three for £37 per month which I cannot afford. How do I include it in my DRO as I want to keep my number. Do I transfer my number over to a payg sim then include the early termination charge from 3 as a debt as I am unsure what to do?
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Vodafone & DRO
Hello, Im in the final steps of sorting my DRO application with a financial advisor. I have 2 device plans and an airtime plan with Vodafone that I am unable to pay and was told these can be included in my DRO. I have since got a sim only contract through another provider. The financial advisor has asked me to contact…
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DRO - What to expect from a Intermediary call?
Hi, I am due to have a call from a DRO intermediary next week through Money Wellness. Getting to this stage has already been challenging as they disputed the value of my car (they were valuing it higher than £4000) I have submitted 2 written valuations from independent dealers that put my car under this price and they seem…
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Income Vs Expenses
Hi All I'm in the final stages of applying for a debt relief order, my SFS shows Income £1669 Outgoings £1841 Total -£145 The income was an average and it's been a lot lower lately, around £1540. I'm going to ask at my next call but I hope to get my income up to the £1841 mark so that I can meet my monthly outgoings…
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Adjusting DMP Payments
Hi, Currently on a DMP which i find is good. Most creditors have defaulted. Just Sainsburys Credit card not playing ball. but they have froze interest. Now Currently i pay 160 per month, But a few cost have increased. I may have to amend budget to pay 100 or so a month. Now i have no issues doing this. But i am wary, what…
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Pay rise and IVA
Hi all, I am in an IVA for around £8,000 of debt - I do believe I was pressured somewhat into it by one of the debt advisors I spoke to and I should've taken more time to consider my options, but ultimately the decision was mine. At the time I was on around 25k and was spending most of my money after bills on my debt…
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How to rent WITH an IVA
I need to move home ASAP. I am currently unemployed with 2 children and I have an IVA (I will be returning to work in January when my youngest statts nursery) I do however have a guarantor secured, a positive reference from my current landlord and a holding fee and deposit money readily avaliable. I have been turned down…
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IVA Tax Request
I’ve made my IVA payment (it is a lump-sum IVA) & awaiting my completion certificate. (Payplan). However, I have had an email from an outside company, notifying me I need to complete forms to ensure my tax code is correct as any overpayment from the past few years should go to my creditors. Payplan have assured me it is…
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Can I go from Breathing Space to a DRO?
Long story short I've been burying my head in the sand and have been struggling to keep up with monthly payments. I get paid £2000 a month and most of it was used for paying back credit. After about a week I had no money left for anything else. I worked it all out and I am in around £28,000 debt. So thank God (and Martin…
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Contract + Overtime
Hi All, I'll qualify on paper for a DRO at the end of the month - £35k unsecured debt, no assets (no car, I use my parent's) Looking at my income last month, £1057 was from my base contracted hours, £1244 was from overtime. My net was therefore £1872 This month, I've barely got any overtime at all, but I am guaranteed my…
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Is an IVA right? £28k debt, self employed and PAYE income
Hi all, gutted to be having to ask but need a way out of the worry! Here's the important points: Looking to possibly do an IVA in my name only - debts are all mine. Assets Owned home, mortgage in wife's name but clear beneficial interest. Approx £50k equity each. No other significant assets. Income Wife - PT employed and…
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Extra money when in an IVA
Hi there, I have received £300 extra money from selling some random shares I received. I have tried tirelessly with my Iva provider to see if any needs to be paid into my Iva and I keep getting different answers after waiting days for emails back. Has anyone else had extra money and declared it when it’s around that…
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IVA + inheritance
Hello, I am 1 year into an IVA and have been left a 7 figure sum by a relative. My question is, do I have to pay back the full amount I owe on the IVA in full or is there some way to get around this? If I pay back the creditors will my credit be repaired? I likely won't need credit for anything that I can think of in…
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income and cash IVA
Hi so i'm confused I have a friend that is in a IVA too. two years in. I'm almost 3 years in. I have a annual review in December I think. but anyways , my friend has started to withdraw her monthly salary and budgeting from a jar. but wouldnt this raise questions? i mean she leaves enough for her subscriptions and her IVA…
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Advice about end of DRO
Hi, so in 3 days my debt relief order will end - I understand this stays on my credit file for 6 years which is fine, I had an extremely bad time with my mental health over the last 2 years and didn’t see anywhere out. I use clear score to look at my credit file and all my accounts from creditors are in default, yet I have…
