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IVA Slow to Complete
I entered into a full and final IVA in November last year (2022). All money was paid and the IVA was accepted by my creditors. It was passed in the local court. I am still waiting for the IVA to complete nearly one year later. Is this normal practice? My debt management company has simply said that they are still waiting…
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DRO, renting & when to move
I am wondering if to either apply for a DRO now (I'm eligible) or wait until I have moved house in hopefully next Spring. I've been back living with my parents but I plan on trying to find a rented property. It will already be hard for me to get a rental because I only receive Universal Credit, so a terrible credit score…
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DRO deficit amounts
Hi Guys, I am working out my budget for a possible DRO. I know you have to have no more than £75 left each month after you’ve paid all the usual household expenses. However what happens if your minus £200 per month. Would you still be able to apply? Thank you.
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DRO question
Hi don’t judge me but I’m considering getting a DRO as I’m struggling. I’m a little confused on how to make an income/spending budget on step changes website. I am married and all of the household bills and debts are in my name. How do I work out what income and bills are mine alone and not my husbands? Will they take my…
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Final year of IVA
Our IVA ends December 2024 We will have our normal annual review this December, will there be another annual review after this one or will that be it? What happens in December 24?
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DRO
Long story short I’m in debt 28,000 worth of debt. I can’t make a dent and after a lot of research and help I’ve decided to take out a debt relief order. I know it’s going to kill my credit score but I’m worried going forward how I’ll be able to rent has anyone any advice or experience with one of these. I work and have…
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Trying to pay off Iva early
Good morning. We have 18 months left on our iva and my parents have offered to ‘gift’ the money to close it. We were with vanguard but we have been transferred to ebenegate. Ebenegate have told us that they do not have our file from vanguard so nothing can be done until the new year, leaving us in limbo. Is this right?…
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Ebengate sigh
As the title says. I’ve been on this iva for near since 2016 the changes from vanguard to this company. They keep ringing me for updates on new card which they are not having they also message me to say I’m in arrears which I’m not then have an excuse saying it’s now in 2020 we’ll I have that payment on my bank. I be…
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Iva early settlement
Hi I think the last time I posted I got the information so I will start again . I am a beneficiary of a will . I might inherit between 8,000 and 10k i informed my advisor and they our going to try for early settlement . We our in our iva 52 months . We would have 3020 left to pay . He is going to put an offer in as we…
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Can an IVA be mis sold?
3 years ago I approached a debt help company in Manchester. I currently survive on benefits I claim ESA and PIP. The PIP payment can't be included. So my income is £200 a week. I had debts of £25000. I was told that an IVA would be best at £69 a week. This has been tough for me in the current crisis but when I call still…
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Iva completed
My IVA has been completed over a year today I got a letter from Lowell saying they had brought my debt. What happens now? Will they except that it was cleared in my IVA?
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IVA Advice - Settling IVA then selling house
Hi all. I've had an IVA for 30 months with another 30 months remaining with a probable extra 12 months extensuon. Currently pay £70 a month & have been offered from a family member a loan of remaining payments to settle IVA. My IVA provider has estimated this figure as being £2100 but obviously that doesn't guarantee that…
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Extra payments not in the IVA
Hi My husband is going into his 6th and final year of his IVA in January. When we started this they told us not to add the overdraft of our bank account into the IVA as it was in joint names so I set up a seperate payment in my name which I pay wescott for monthly for the overdraft. In the last year I've noticed payment…
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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…
