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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…
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DMP or IVA with one person self employed?
Hi, my husband and I got into some debt buying our first home and it’s become completely unmanageable and unaffordable. We’ve been paying these debts for 2 years with no end in sight, it feels like we are trudging through mud. I contacted stepchange who said they couldn’t help us because my husband is self employed but…
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closed please delete
closed please delete
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DRO - Possible? as have recently in past months been a homeowner
We recently sold our home and I couldn't get onto the JT mortgage (poor credit history) for another home, so partner had to go for mortgage alone. I am married and living in the new home for last 6 months. The funds after sale was below £23k and went into the new mortgaged home (£70k Mortgage for partner too) I have long…
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Stats and info on the DRO Hubs
Interesting article by Debt Camel https://debtcamel.co.uk/dro-hubs-2023/ This covers the period in which Stepchange (charity) went from the largest provider of DROs to zero, and Money Wellness (commercial firm aka Gregory Pennington) went from zero to becoming the major provider. A distortion entirely caused and engineered…
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IVA and renting
My monthly rent is over £800, an equity release agreement, the landlord wants me to leave. When I request the viewing of a property I'm asked what my inome is, but using the rule that rent should be a third of my annual income my rent is limited to £550. How can I get around this:I have proof of all my rent payments.
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IVA finished but just had letter from credit card co
My IVA finished in December, but today (3/4/24) I have received a letter from a credit card company showing that I still owe nearly £3000. I don't know what to do about this. I think I should ignore it, but as my IVA has finished, it should only show on my credit file until December next year, but if this credit card debt…
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Land Registry notice & IVA Completion certificate with Debt Free Direct
Hi, I completed my IVA back in 2014 with Debt Free Direct. I never received a completion certificate and they now no longer trade. I am now in the middle of a re-mortgage and I have additionally found that they never removed the Land Registry notice on my property... Is this going to be easy to resolve?
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Who are Orbit?!
I've been paying DCAs every month without fail via my bank account as agreed with CAB many years ago & I've never failed any payments. They have habit of passing my accounts onto other DCAs even if my payments are being made to them.I'm having to deal with my partner who has cancer & had some removed in order to live a bit…
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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…
