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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…
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Help and advice please :(
Hello I lost my job some time ago and now I can't afford to pay my debts. When I was working I was able to pay my monthly fees, etc, because it was a fairly well-paid job. I took a small payment holiday with some creditors, however, I still have loads of debt. I am currently making a minimum payment to each creditor (what…
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IVA advice
Hi, I entered in to an IVA with credit fix a few years ago, I have 16 months remaining. Looking back on it now, I don't feel that I really understood what I was getting myself in to, I was young and financially immature back then. I'm now in a much better paying job and easily keeping up with the monthly contributions of…
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IVA extension help please
Hi We are at the end of year 4 and due to mortgage increases, gas and electric etc etc I've asked if we can reduce our payments from £200 to £150 I submitted all our income and expenditure details and just spoke to someone who said this change would mean a meeting with the creditors and a 12 month extension, is this right?…
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Waiting for barcode
Thank you to everyone here, you've been such a great help and consolation while navigating something I never thought I would have to. I've applied for a DRO through StepChange. I had an email asking me to call them about a query over income. I had to phone the DRO team whose lines are open 9-5, mon-fri, which is a bit…
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SOA for DRO
Hi, I am just after some pointers on my SOA to check if anything stands out as glaringly incorrect! I live with my partner, her 2 children plus my 2 children live with us 50% of the time so the figures i have posted are hard to set in stone. My partner is on UC and contributes £500 to cover bills (rent, CT, food etc) which…
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Chances of having a DRO revoked due to new job?
Good morning, I’m in the process of applying for a DRO after I lost my job in August and have been on JSA since then and been unable to pay my debts (23k). I’ve only ever worked in very low paid jobs, and the vast majority of the household income comes from benefits (tax credits and dla for my son). I’m really worried that…
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IVA Income and Expenses form
Hello i amcurrently in a iva. I sent a digital signature of an updated imcome and expenses form on email to update my bills etc, and they haven’t updated it to the one I sent in September. Do I need to be worried?, as this seeems to be happening every year?.
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DRO moratarium - getting a job
Hi, Has anyone got a job and been able to continue with DRO? Is there a threshold of earnings? Thank you.
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Am I allowed to include pension deductable?
Hi all, I was approved a DRO without a pension on my payslip so my net pay was £1460. I have since got a new job and been enrolled into a pension and my pension deductible means my new higher salary still brings home a lower net pay than my precious job. Do I have to declare this change if I'm not actually being paid…
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DRO Set Aside
Good evening My memoratum period for my DRO ended on the 10th November. I have seen its status on Clearscore as 'set aside' - what does this mean please? Also is there anything I need to do (provided everything is okay with the DRO) in regards to the debts being written off / removed please? Am just wondering what (if…
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End Of IVA and pension
Hi, I am at the end of my IVA two more payments and I shall be free, its been a long hard road but have got there in the end. For those of you that are still part way through stick it out as there will be light at the end of the tunnel even though at times you cannot see it, so I have a question for any knowledgeable…
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Bailiffs have taken my items for my brothers debt
Hi all Can anyone please advice me. I live alone. No partner. Just me and my dog. My brother is sadly an addict and homeless. He stayed with me for a few nights over a year ago and used my address as a ‘care of address’. He is living rough and does NOT live with me. This morning the bailiffs came to my flat and took my…
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IVA/inheritance
Hi, some advice please. 1 son has an IVA just, £250k. My sister and I have estates c £1M TO LEAVE EQUALLY TO MY 3 SONS. I keep hearing the fact that "81%" can be "written off" with an IVA (correct??). When we inherited from our parents, I know that a bancruptcy search was done on us. (I assume that had we been, then the…
