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Can’t improve credit rating post DRO
I’m in the position where it appears that I cannot improve my credit rating post DRO. I was discharged early October last year. Here’s the details which I think are relevant and will hopefully mean someone who’s been in a similar situation to me will be able to advise me on how I can improve my credit rating. To avoid hard…
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Scottish Trust Deed - creditor refusing to default
Just looking for a bit of advice on this one. The majority of my creditors have began to default my accounts to the date of my Trust Deed being signed bar one (Tymit Credit Card). They are not willing to default my account on the following basis ; "Due to the current status of your insolvency, we are unable to issue…
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O2 refresh contract - DRO help
Morning all, Has anyone any experience with having an O2 refresh mobile contract where the monthly amount is split between a 'loan' for the handset and the airtime etc.? Spoke to CA yesterday who are preparing the final paperwork now to send to the Insolvency Service and she advised that because I am on O2 refresh, they…
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IVA company asking me to remortgage my home
Hi all. I am currently in my last year of my 6 year IVA with StepChange. They have just emailed me saying that as I agreed to remortgage my property as part of the agreement, I need to get a redemption statement from my mortgage company. The emails says 'The amount required to repay all the debts secured on the property is…
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IVA payise
I have just got a 186 pound a month payrose in work.im in an IVA currently should I tell my IVA company of pay rise or wait for my annual review.i will have to pay more in travel costs now aswell just looking for some help and advice.thanks
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Coming off mortgage and DRO
Hello I am looking into a DRO but I am still on the mortgage to my ex’s house. I have started the process to come off and I have never lived there or paid towards it. Can anyone tell me if this will be still classed as an asset? Any advice greatly appreciated Thank you
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Anyone else using Debt Movement for their IVA?
Hi Guys. I am getting very nervous now about my situation. I have been paying this company approximately for 3-4 years. I've never had a yearly review. A few months back I called them to explain my financial situation and to inform them that I am struggling with the current monthly payment. After about the 45mins telephone…
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Checks during DRO application & process
Hi I am considering a DRO, and need advice please. I’ve spoken to Step Change about my debts, and a DRO appears
to be the most appropriate solution. I appear to meet the criteria, but have really severe
anxiety about starting the application. My anxiety is around life-complications, the risk of
inadvertently submitting a…
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“Serial” DROs
After my DRO is ended with no outstanding issues and it is removed from the register, and assuming I legitimately apply for subsequent credit and not act fraudulently, how soon before I can reapply for another DRO? Is it 6 years from the start or end date of the first? Have people become “Serial” DRO applicants?
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DRO what happens next
I have had a DRO since 2019 I keep checking the insolvency register and I have not been on it for a couple of years now, but I also have not heard anything that their period has ended. There is still a record of my DRO on my credit file, which I understand should be there for 5 to 6 years. Is this true what should I be…
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Property Restriction
I hope to have an offer to clear my IVA accepted by my creditors at the end of May. Creditfix have placed a restriction on my property which I want removed as soon as ppossible.what are my options / best course of action Thank you
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Iva help
I have a friend who I was able to assist in 21 by paying his CT for 6 months. He has said he will repay when he can afford but struggles with MH changed job. In no major hurry. He also had 15k unsecured loans in rented property. He was told Iva best option soon I may be able to assist him again and wondered if I could…
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IVA: Useless Administration of IVA
Hi all, Long post ahead! Read some really valid and valuable posts on here over the last several years and was hoping just for a bit of information/guidance with my ongoing IVA. I took the IVA out in 2019 as I had loans/credit-cards totalling £40k. I don’t own my home and privately rent and went through the motions of…
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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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DRO submitted
Hi, my DRO was submitted on the morning of Monday 27th March. I was told by the person doing my DRO I would hear from the insolvency service in a couple of days. I still haven't heard anything and it's now 4th April. What do I do? Or do I just keep waiting? Does it mean there's a problem? Any advice will be gratefully…
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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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Think I been scammed
I am in an IVA then got contacted by Mckenzie Jones associates giving me a much better deal I hsve paid them 4 payments and now can't get hold od them and my IVA are threatening to go to my creditors.
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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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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…
