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IVA Fees
I really need help. I have been in an IVA since July 2020. I was desperate and am starting to feel like I am now trapped in the IVA. I recently asked for a list of balances on what I still owe and it seems that all the payments of £155 per month I have made since 2020 have just gone on fees and interest. I was recently…
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Hanover insolvency
Has anyone got any idea if this company has gone ? They are still taking money out of my bank but I can't get on to the Web site or emails and phone calls are going nowhere .? Anyone have any ideas please 🙏
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Can somebody help??
I did a dro in 2018. In September I recieved a strange letter from a tracing agency looking to contact me, contained a reference number. I received this at my new address which I had only lived at for a matter of weeks. Didn’t contact them. December I recieved a letter from global debt recovery containing the same…
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In the event of a failed IVA....
Can debts and fees of a failed IVA be included in a (or stop) a DRO being granted?
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Daughters debt
My daughter has been off sick for 6 months from the NHS with mental health issues. She's just told me she's in debt to £22,000. To MBNA and Lloyd's Credit Cards and Zopa loan. She's been on half pay since September. Lloyds and Zopa have been understanding so far but MBNA have not. She has yet to receive her December pay…
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Car finance
Hello, my 12 month DRO is due to end in July. My car is on its last legs and I am hoping to get one on lease when the 12 months is up. My credit rating will be shocking. Does anyone know if it will be possible to get a lease car with bad credit? many thanks
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Obtaining new mobile contract on DRO
Hi all. I broke my phone some time ago and have been borrowing one from a family member, and my provider is now saying I’m due for an upgrade. It would be nice to get my own phone and give back the one I’ve borrowed. Would taking out this credit effect my DRO? I understand you have to tell the lender about it, if you…
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IVA questions and help!
I'm 3 years, 4 months into my IVA and have a few questions about up coming milestones. The first thing to highlight is that my wife has been given a decent pay increase and would like to put that extra money either into the mortgage or do some work to the house (there are issues in the bathroom and the roof). She says it's…
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Hanover Insolvency
I am in an IVA with Hanover which is due to end in June. I need to give them my new debit card details but every phone number I have tried is out of order and my emails to several different addressees are bouncing back. Does anyone know if they are still operating? Thanks in advance. Lorna
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Iva or Dmp
Hi everyone I’m looking for some extra advice please? I am currently liasing with PayPlan and they have suggested to me an Iva. I have 65,009 unsecured debt made up of loans, cards etc I am full time working , have a mortgage of 130,000. I am 53 struggling now meeting payments with cost of living, energy rise, mortgage…
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Discharged from IVA
Hi all, I'm terrified at the moment. Just before Christmas I was discharged from an IVA. The debt consist of 4 CCJs worth 17k that I'd foolishly racked up when I was a student about 15 years ago. I maxed out credit cards and overdrafts and moved house various times unaware of the implicatiobs in the long run. These…
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From F&F Day to Hooray - my journey from IVA to closure & beyond
Hi all, I just wanted to post a little bit about my personal journey ref: IVA (non-mortgage) at F&F point til now. So back in May, after much deliberation and research I decided to approach Sprout Loans for an ‘IVA Settlement Loan’. I asked many questions and pontificated for a week or so before I hit the button. At the…
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DRO - sale of asset.
During a DRO moratorium, is the sale of an asset considered to be income? Please and thankyou.
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sending iva reports to credit agency
did you have to send your completion certificate to the credit agencies
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Iva advice
I am I am considering starting an Iva via step change and I am just after any advice from anyone who has been there/going through it. debt is between 20-25000. DMP not recommended due to the time it would take to repay. im worried about my budget not being accepted with the IVA and how it may effect my bank account (bank…
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end of Iva
i got my completion certificate but im a little confused if i get a windfall now do i still have to notify my IVA company
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Iva completion
I paid my last IVA on the 29th July when am I expected to get my completion certificate. Thank you
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DRO and 'cost of living' payments.
While awaiting a reply from The Insolvency Service, can anyone point me to definitive/official guidance on how the DWP 'cost of living' payments affect DRO? I'm wondering about a situation whereby receipt of them increases assets to more than £2k, and also 'appears to suggest' having more than £75 'spare' income each…
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Dro and hmrc
Hi, my problem is with hmrc and a dro. Can any one tell me if the wording in a completed dro be amended. HMRC are named on a dro but is worded as VAT and not tax credits. I was wondering if insolvency service can change wording, I am awaiting to hear back from them insolvency service but want to know anyone as had any…
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Ending my IVA
I'm 54 mounts into a 72 month IVA. I'm not sure if my options I could see the IVA out but I'm worried about the equity release and having an extra 12 months. The IP tell me the it cannot be extended by 12 months in one breathe and then that it can in the other. I'm tempted to borrow the money and settle the IVA early. Will…
