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DRO help please
Hello, Am nearly at the final stages now with Citizens Advice just before they submit the application to the Insolvency Service. I went through income and expenditure with National Debtline and they passed me over to CA. Everyone I have spoken to at either place has been really nice and non-judgemental at all, but I now…
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IVA and shared ownership
I'm looking for guidance and a glimmer of hope. We have just completed an IVA, and we have found a shared ownership property, which we love. So far, we haven't had any luck finding a mortgage provider who will lend to us for a shared ownership with a recently completed IVA (we did a one off IVA, so was only registered last…
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IVA and Help To Buy
Hi, I’d be grateful for some opinions/advice please. I’m in month 24 of a 72month + further 12m or equity release IVA. My IVA is £65 a month original debt was approx £25k I am on a very low income but there is equity in my house (enough to settle the IVA) but my house has a help to buy attached to it. My fixed rate ends…
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An old PPI
I have received an email from a company brunel franklin from a ppi they claimed for me back in 2016 the ppi money was kept by the bank to pay pay of the arrears now the company have emailed again after years wanting there fee ...i did not see many of the emails as they went in spam from what i have seen. My situation then…
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Really worried my husband being pushed into IVA
My husband and I are not happily married but stayed together as financially difficult to split. I was unable to work as our son has special needs and the ongoing medical appointments/fights with the schools made it impossible. He is an IT contractor working through his own Ltd company. His work stopped when Covid hit. He…
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Terminating IVA
I’m currently 2 years in an IVA however when I took out the IVA I believe a DRO would have been more suited to myself, 18k worth of debt, renting, no assets to protect, my surplus was £97 per month just over the limit for a DRO however the IVA company suggested I had to decrease some expenditure which took the surplus over…
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Scottish Trust Deed - accounts in credit file
Just looking for a bit of quick advice. I'm currently 2 months into a Trust Deed that has since then became a protected trust deed. I notice the majority of my creditors are still reporting my accounts as being 'In Arrears'. Should I request these creditors update the accounts to be marked as a default on the date my TD…
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IVA & pregnancy
Hi, I have an IVA active from august 2022 it’s been going well and I’m overall happy with it. However I have just found out I am pregnant (already have 2 yo) and I am concerned about it affecting my IVA. I am over the moon I am pregnant and am very excited but the IVA lingering now is sending my anxiety through the roof. I…
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Keeping money from windfall
I am currently in an IVA and have been for 18 months paying £425 a month. The original debt stood at about 40k but I have just sold my house which I received 44k from and now they are wanting 37k to settle and complete my IVA. Do I have to do this as losing all that money in 1 go is not really the option I would like to…
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Deliberately fail IVA
Apologies if this has been posted before, I did look but couldn't find anything similar. I've been in an IVA for over 6 years and due to unforeseen circumstances including illness and injury I have quite a few missed payments, several variations to allow these to be added on etc. As a result of this the IVA has been…
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IVA/Q's please
"write off UP TO 81% of your debt..." Keep hearing this on the radio. Friend did an IVA 6 mths ago (fee was £3k. "My IP made conference calls to call creditors - nil response" ALL of your (non-personal) - He was Coy Dir - debts are now FULLY written off. Nil payable" CAN this be true?? Figure is £300k. He is making no…
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IVA & owning a car
Hi, I’ve had an IVA since September 2019, I’m now in a position of getting a car, my dads paying for it for me (£750) I was wondering how to insure it as it is a form of credit, so I rang the insolvency company who basically said I need to provide them with proof that my dad has bought the car for me, which I understand,…
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IVA help
Hello, I see there is a lot of questions about IVA here. I will also try and read up to see if anyone has the same problem as me. I am not happy with the company running my IVA. I'm 35 months into the arrangement. I have been struggling with the agreed monthly payment of £150. I'm unemployed and on Universal Credit. I…
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IVA or Bankrupt Help!
Hi all. I got an IVA in October paying of £10,000 debt I’m self employed builder, I am paying back £120 over 5 years I owe my family around 4K and they also want their money back now it’s been years. my mental health isn’t great, my girl friend wants to take me away somewhere cheap like India she said she’s happy to pay my…
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Settling IVA on payments made
Hi I recently posted in here re my IVA provider and making a complaint about their handling of my case. I’m now back again as they have done yet another recalculation and have now said that they will put forward my IVA for settling early on payments made to date. I only have 6 payments left on it and have fully paid all…
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Considering my options
I have been advised that an iva is my best option but wanted some opinions FactsNet income of 1200 On UC and will receive child maintenance of sorts ( me and my ex alternative who claims for our child and split the difference) Total income will be approx £2000 maybe slightly higher I owe 14000 Currently renting my property…
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IVA - Compensation “Windfall”
Hi, I am in my final 9 months of my IVA, and have never missed a payment. Late last year I submitted a compensation claim for historical childhood sexual and physical abuse which lasted almost 15 years. I was wondering what happens to this compensation if awarded to me. I have already informed my IVA company reference this…
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I’ve just started my Iva and thinking about my future!
So my Iva has been accepted by my creditors and I’ve made my first paymwnt. I feel really nervous but I know that I had to do this. just having random thoughts and questions though and wondered if anyone could help me? Im a single mum to two children living in rented accommodation (council). what happens if in the next 5…
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IVA and Joint Mortgage
I initially agreed about starting an iVA as a company I was talking to told me my debts were £36k, as this is something that I have let get out of hand (keeping on top of and not dealing with very well) I believed them, I have initially set up the IVA with them, however I have had serious doubts since (only since Friday…
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PPi
My iva was completed may 2022 60 payments paid , not had my certificate received, now out of the blue , several months later they want me to sign and agree to a solicitor, for ppi claims , check insolvency register it says my iva completed, so why they harrowing me now to sign to a solicitor, to chase up ppi I'm fully…
