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Debt relief order- preferential payment concern
Hi All Your advice would be greatly appreciated. I want to hopefully apply for DRO end of October have some things to get sorted first. I have applied for my name to be removed from the joint accounts with my husband. ( only his money is in there. I have my own accounts. I just managed family/kids payment so it's easier…
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How to RENT if he has an IVA??
My daughter needs to rent a home with her partner and 2-year old child. Although she (as the main applicant) earns in excess of £40k and her fiancee gets about half of that - he is 1 year into a 5 year IVA. He has kept up those payments and they both have good credit ratings. So far they have applied to estate agents for…
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Close to DRO application.. New debt Bailiff
Hi All I would appreciate some advice please. Its been a slow journey but am getting close to apply for Dro Just waiting for a few things to line up. Got a big shock a week ago. Letter from bailiffs for parking ticket from 1 year ago. My old car was still registered to my old address so Letter was sent there until they…
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DRO - should I be worried?
Hi all, I recently had a huge win and had a big debt written off. This change in fortune now means I qualify for a DRO, where before the only option was bankruptcy due to the size of my debt. I am on a DMP with stepchange and some of my debts are 15 years old and in recent years took out a couple of credit cards, not to be…
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£75 surplus income
Good morning, Does the £75 surplus income after all monthly outgoings are paid include all the payments to the debts you want written off if you go down the DRO road? Hope this makes sense. Thanks
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going fulltime to partime and not claiming universal credit then DRO application?
myself and wife are in a DMP from stepchange , £22,500, still owed (£11,250 each) we have been on it for 18 months, 3 years still to go. about £540 a month, We are exhausted in our jobs, they are physical, we are 55, we asked boss to go from fulltime to p/time,--- earning about £700 a month each. they agreed. I spoke about…
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DRO - Unusual Circumstances
I have quite a unique self employed situation where almost all of my work is done "on the road" as a content creator. I get paid for creating marketing content for products which I shoot in outdoor environments. My business and living costs vary a lot from month to month. My finances have become worse and worse over the…
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DRO fluctuating income.
Hi I have recently been granted a DRO. My average of 2 wage slips was used to give my average earnings. Next month I stand to recieve 150 pounds more than the average amount but for the following 2 months it would be 100 pounds less each month. This scenario happens quite often throughout the year but overall my average…
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Struggling to get stolen money back as a creditor from an IVA company (CreditFix)
Hi there, I am owed money from someone who is in an IVA with CreditFix. I am a registered creditor with them but they still haven't sent me a single payment. It has now been more than 3 years and I don't know what to do anymore to retrieve my money. They are claiming that the fast transfers do not work with my bank account…
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Creditfix IVA Adjustment Request
Hello, I've just received an email regarding creditfix wanting to call a meeting of creditors to adjust their fees. The worrying part is the comment at the bottom which states: Please note, you may be impacted if a change in circumstances allows you to repay your creditors in full. As I may be in the position of being able…
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IVA company requesting permission to call 'meeting' of creditors to discuss uplift.
Helo I am 26 months from paying off an arranged IVA. Having read information on these forums I now realise I've been missold the IVA (my debts were well below £30k, I have no assets to my name (renting as I can't afford to buy). Unfortunately, despite thinking I had thoroughly researched the options, I fell for an…
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A good Sunday feeling!
I knew it was coming but to wake up to a message and then seeing this just reconfirms how far I’ve come and the end of 6 year period that I’d rather not ever have to experience again. A very much welcome relief!
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Iva and work!
I work for an insurance company in claims. I started my Iva in feb, so far so good. Payplan asked me about my job with it being in the finance sector. I checked my contract and there was no clause about bankruptcy or insolvency. Never had a credit check or anything like that whilst working there for 10 years. They advised…
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DRO application submitted - allowed to apply for new credit now?
I’d ideally like to have a credit card for real emergencies (eg for gas / food), with a minimal limit eg £200. Hopefully will never need to use it but at least I’d have a safety net. am I allowed to apply even though I have submitted a DRO application? Or if I have to wait until the DRO is (hopefully) accepted, can I apply…
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IVA while living with partner
Hello. so I’m contemplating an IVA right now but want to keep my partner off of it. The debts are solely mine and solely in my name. the opposite is also true. The house is in their name, as are the bills and we have no shared accounts. Can I enter an IVA that would completely exclude my partner? There is a lot of…
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Savings post DRO
Hiya Looking for suggestions please, I am nearly 2 years post DRO and have 0 debt, a very very basic account, wages in 3 direct debits out bills out rest is mine kinda thing... I'm now looking for a savings account to build a little nest egg for myself (lessons have been learnt) but finding getting an online savings…
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DRO PANIC
Hiya I took out a loan back in 2018, I filed for a DRO in 2020 all OK still no debt etc all swimming along and today I have just had a call about an unpaid debt nothing paid for 3 years, I assumed it was included in my DRO but I can't see it on my list of creditors included...I'm panicking...any advice please? Thanks
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Receiving incorrect information from my IVA company
I started an IVA in October 2020. Unfortunately, I became unemployed in late 2021 and decided to take this employer to an employment tribunal. In October 2022, I reached a settlement agreement with that employer before the date of the tribunal hearing. I
immediately informed my IVA company and disclosed full details. I was…
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IVA and early termination
Hi everyone, I tried to find a similar situation but I couldn’t find any. I started an IVA in May 2020 owing approx £32k to credit cards and the HMRC (Tax Return - Self Employed). My disposable income back then was quite low therefore my monthly payment was £222 which was bearable. Then on the next Annual Reviews and due…
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IVA Certificate
I have misplaced my IVA certificate, i completed my IVA in 2011 and to remortgage my house i need to send a copy of it to them, can anyone help how to go about getting a copy, the company i used for my IVA have gone?
