-
DRO and lump sum queues
Hi there I was in a DMP with StepChange but my income has dropped so I am now only making token payments (via Stepchange). I've found StepChange to be very supportive and helpful but I'm posting here because I seem to be receiving some conflicting advice and it would be really good to hear from anyone who has had…
-
IVA help
Hello, I have around 23k of unsecured debts, mixture of bank loans, mobile phones etc, had the larger bank loans setup with Moorcroft for couple years at reasonable re payment rates but having more debt was stressing me I’m 28 don’t own house live with parents. I came across payplan seemed extremely helpful gave all my…
-
PRA ???
Hi has anyone had any dealings with PRA debt company? Trying to clear debts after I received a small inheritance but they won’t reduce the amounts on 2 outstanding debts and the others are reduced by a small amount . I have told them I can pay a bit more but they’re just horrible! Thanks Minnie
-
DRO and lease car
Hi would really appreciate some advice please if someone took out a lease car contract which was £2400 deposit and £230 per month, and does a dro, can they keep paying the car lease and keep the car? say it was essential for work/life? could that £240mnth be put down as essential outgoings?
-
Debt recover advice
Not sure where to post this but I think this section is right. I have a disagreement with an online subscription service. I know I checked a box to not auto renew and yet my service auto renewed and they’re wanting over £300. It was on an old email I rarely use so didn’t get the warnings. Of course I don’t want to pay as…
-
I think I've been miss-sold
So I'm over 12 months into my IVA and after doing a little research on this forum I think I have been miss-sold the solution. I had around £15,000.00 in debt across 2 credit cards and 1 loan. I'm not a homeowner but I do have a car (the loan was taken out to buy the car). Like most during the lockdown, my debt spiraled and…
-
DRO advice
Apologies for another post ,I did write this as a comment but not sure how this forum works so wasn’t sure if it would get seen .so sorry if this is incorrect me posting again… so .. have removed my overdraft. it is not possible for me to save any money each month as I am already in minus .I’m a bit confused by the replies…
-
Help DRO
Evening all i asked a few questions the other day but I have one more if that’s ok. I am not in my overdraft with my bank ,I have showed proof to show this but Payplan are saying I need to remove my overdraft and send them proof ..is this right ? it is only £300 and I know the terms say £500 credit is ok?I would like to…
-
IVA remortgaging consent
Hi My husband has an IVA and next year we are entering into the 5th year, I know that they ask about trying to get a remortgage. Now we have a joint mortgage so can I refuse to consent to applying for one? We would really prefer the extra year of payments than a remortgage. If they say no what would be the chances of the…
-
Newbie help DRO
Good afternoon i am in the final process of submitting my DRO.I am in the minus figures each month with my income and expenditure. I claim universal credit and work full time. In April next year if the benefits rise I should get maximum £30 more. also if I get a pay rise in the year I have the DRO it will probably be…
-
Hoist Finance contacting after 9 years of completion.
Hello. It's been a long time since I've been on here. I'm hoping someone can advise and offer some help as amazing as it was 9 years (blimey) ago. Yesterday I had two text messages from Hoist Finance telling me I had an account set up to deal with my debt management. I understand this could just be phishing, but they are a…
-
Dro and hp car
Hi, I currently have a car valued around 4.5k. Was 7k when I bought it and I have paid half off already. I am thinking about doing a dro but will Halifax car finance take the car off me or want me to sell it as my son is disabled and I have 2 other children so I need it for them. My monthly finance is £140 which I don't…
-
Overpaying IVA
My IVA is due to finish in 9 months time. When I took out the IVA the debits were 17k. After the normal income & expenditure review it was established I could afford to repay 11K which was agreed by the debitors. The IVA company (Creditfix) applied for some PPI's on my behalf and they have received approx 4k back. So now,…
-
entering IVA
hello all, i m looking for advice/ personal experiences with entering IVA. is it very restrictive, like can t savefor holiday or emergencies., do they thoroughly comb through ur ins/ outs ?....how did you find it the good and bad. i have big debt.. paying 150 month into DMP and it ll take me up to 60yrs old to complete…
-
IVA completion
I paid my last IVA end of July but not heard anything is this normal practice thank you
-
28 and at breaking point
Hi all, Im 28 and currently at breaking point with my debts. Today I gave a call to a company who were originally looking to consolidate my debts but after an hour they recommended an IVA. To sum things up, I earn 32k a year and have 21k debt with payment plans in place that are soon to default. The gentleman at the…
-
Iva and morgage
We are about to enter an Iva we have £45 thousand in debt credit cards and loan we have a morgage deal with NatWest and never defaulted on the payments and it ends April 2023 will we be able to get a new deal with them whilst in the Iva?
-
In an IVA but can my car finance company help reduce payments
Hi all asking behalf of a family member. They have recently entered into an IVA however the car which was HP and has been paid for a year. However she is struggling to pay the £450 loan. Car was about £16K can the car finance company offer her any support. She reply’s on it for taking kids school work etc but the cost of…
-
DRO & HMRC Self Assessment
I am currently processing my self-assessment tax for when i was self employed last year. Its looking like i will owe around 4000 and i was wondering whether i could include it in my DRO if it isnt technically due by the time i enter a DRO? It will be officially submitted by my accountant to HMRC but wont actually become…
-
Ending IVA early
Potentially facing redundancy very soon and well into IVA, would rather settle the IVA than extend it further and dont want to put it on hold. How would the offer of using all my redundancy monies to settle the IVA early sit with creditors and would they be willing to take potentially 75% of the outstanding balance based…
