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Part time Dad expenses on a DRO
Hi guys, I am wondering if anyone can help! I am thinking about a DRO and want to know if expenses I incure as a father will be allowable. My Son in 6, Autistic and nonverbal. I see him twice a week. He has to have McDonalds nuggets on a Monday and chip shop sausages and chips on a Tuesday. Its his routine and it's best to…
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How to purchase
hello, so I have a DRO that started September 2024. my concern at the moment is I obviously don’t have much disposable money a month and my washing machine has packed up. currently on the look out for a cheap 2nd hand one but just in case - how does it stand with a DRO if I was to apply for a loan through salary sacrifice…
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Moved: Do I do an IVA?
This discussion has been moved.
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Another post IVA issue
After successfully completing the IVA I honestly thought that was it. VWFS have finally caved and cleaned up my credit report. I managed to rent a flat, and open a current account… I received yesterday a letter from Reston’s Solictors, who it seems work for HSBC, saying that they placed a charge on my house, before the IVA…
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Irresponsible lending claim after DRO
I went through a DRO in 2020 and was discharged from this in 2021. I’ve recently had an irresponsible lending claim go through the ombudsman who had agreed the lending was irresponsible. I have used a no win no fee company.However I’m worried that any redress will go to the DRO/Aqua and not myself. In this instance I would…
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IVA miscalculation of full figure owed?
Hi everyone, I'm hoping for some insight or shared experiences regarding my IVA with Payplan. I'm getting what feels like conflicting information about my final balance, and I'm trying to work out if my own calculations are on the right track or if I'm missing a crucial piece of how these things are tallied up, especially…
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DRO advice
Hi all.. My DRO was discharged in May so I’m currently in the clearing up stage by emailing creditors. I am currently having a problem with House of Fraser as they are still marking my account as missing payment. I have had reply from them this morning claiming that they are not on my DRO paperwork when they clearly are.…
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Cancel iva and pay creditors direct?
Hi all... New to the forum Oh well, here goes Homeowner with decent equity(50%) 4 kids under 18 when I entered. 24k debts with 2 resulting in ccjs about 5 years ago Spoke to a debt company (can't remember who now) who after looking at my situation advised that an iva was the best option. 24k debts 44 months into a 72month…
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Creditor Sold My Debt
Hi everyone, I’m looking for some advice. I was in an Individual Voluntary Arrangement (IVA) when I found out that Livelend sold my debt to another company. This really surprised me because I thought that once you’re in an IVA, creditors aren’t supposed to take further action like selling the debt on. Has anyone else had…
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Lifetime of IVA
Anyone got experience of an IVA lasting 15 years? We had one in place 2008-2010. The courts completed it then. I have had a SO to a creditor since then. They had never contacted me to update in all that time. I stopped the SO and got a phone call to ask why. They want to update the payment plan. As I am now 70, disabled…
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Regretting taking an IVA
Hi just looking for some advice, I took out an Iva 8 months ago and I’m really regretting doing it as I didn’t understand how these things worked. I feel I was a little mislead and nothing was explained to me correctly. I understand it will be my fault for not reading all the small print and understanding how much the fees…
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Failing IVA - process/approach
Hi there, My IVA is going to fail, as I am not going to make further payments towards it. I have post-IVA debt and bankruptcy is going to happen sooner or later, probably sooner. Anyway - my main point - my IVA company gave me a 6-month payment break to try and solve the post-IVA debt issues (HMRC...) and this hasn't…
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Paying off iva
I’m in a fortunate circumstance where I’ve been offered money from a family member to pay off my Iva in full. I have only been in it for a few months and I owe £11,250. does anyone have any experience if the creditors will accept an offer or should I pay the full amount?
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DRO pre application worry.
Hi, step change have recommended a DRO for 45k of mainly Ccard debt. i have an overdraft in a joint account, what should I do about this. How are mobile and device (in contract) handled, step change left it in my budget.? Also this is the first month my Ccards have come off 0% and I’ve never missed a payment (switching and…
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How important is it that accounts are classed as *closed* on credit report?
Hello. I am nearly 5 years into a 6 year IVA (due to home equity) and have recently started a preemptive credit file clean up. I understand that having each debt recorded as a default and the default date on or before the IVA date is crucial, but what nobody seems to mention is whether or not the debt should be classed as…
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Mortgage after a DRO
Hi, how likely is it you can get a mortgage after a DRO? I am hoping to get a mortgage for shared ownership after my DRO finishes in August, what are the chances? Any deposit would be low but I have a clear record of rent payments in time. Any advice appreciated
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Advice please
Hi my partner is nearly 4 year into his Iva he has a car on finance however after spending money on repairs 3 week ago it has now failed the mot and is going to cost too much to repair he finishes paying for the car in august so will the Iva take the full £177 he was paying for the finance from august? Also is it ok for me…
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Getting credit again after finishing IVA
Afternoon all, I'm in discussions with my I.P regarding a full and final settlement. Has anyone got any experience with how soon you were able to get credit for a vehicle after ending your IVA either early or on time as planned?
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DRO & Opening Child Account
Hi🙂 I currently have a debt relief order, due to be discharged in September 2025. My question is it’s my daughter’s birthday soon and I would like to open up a bank account to put money in from family members etc. Is this something I am able to do whilst having a DRO or is it best to wait until I have been discharged?
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DRO advice
I had a DRO approved end of February. I'm on benefits, standard 400 quid, no other income, no assets besides my broken phone and trying to get more money to survive. I currently live with my parent. When I did the DRO I had no income and no real hope of getting a job due to MH issues, breakdown. The issues are completing…
