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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,…
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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…
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IVA completion
I paid my last IVA end of July but not heard anything is this normal practice thank you
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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…
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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?
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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…
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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…
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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…
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DRO with Nationwide Basic Flex account
Hi currently I am with NatWest silver account, solely my account with a £250 overdraft that I can use. I like my bank but have had issues. Basically because of my disabilities I cannot work. So, I have debts with credit cards, shopping catalogues, a small loan. I have only just stopped paying these companies, because I was…
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DRO discharged… what next
Hello all, I was discharged from my DRO at the end of July. The debts which were included are still showing in my credit file. Is this normal or should I expect them to be taken off now? For example an overdraft is still showing. Also I have read lots about building credit post DRO, any tips on how best to start? I’ve done…
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DMP Advice
Hi , so my IVA has now terminated and I am now keen to make a payment plan with my creditors. I know it would make more sense to wait and see who gets intouch with me first but my husband doesn't know the full extent and I can't risk phone calls and letters so would rather get intouch with them before they come to me. I…
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8k debt on my credit report
Hi, I'm hoping somone can reassure me. I was in an iva until it very recently failed. I was in just over 10k of debt when I took out iva. I have checked my credit report to look at all my credit accounts and there is an account for debt management Ltd for just over 8 grand. I don't understand where this has come from. I'm…
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Dro not being accepted by CDER
Hello I applied for a Dro and it was approved, in the DRO I also included a debt by CDER which are basically bailiffs for three PCNs. The Dro was granted the 25th of last month but then a bailiff came yesterday I showed proof of the Dro and he said that because the claim came from the court the Dro is invalid. Is that true?
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Completion certificate
Hi can anyone help I completed my Iva in December 2021 it's now August 2022 ..I've rang at least 6 times and emailed to find out when will it be removed from my credit file .I'm desperate to get it removed am I been unreasonable in thinking it gone on too long and what can I do to make them hurry up . Kind regards
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Debt/Dro help!
Hiya im Em just recently joined. Looking for some advice on a dro or anything else whats best in my situation. Been reading through Quite a few posts to help me understand bout debt solutions. I think a dro is my best solution but not 100%, i will fill in my out goings best as i can Thanks EM x
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Buying out of an iva
hi all, ok so our mortgage needs sorting, a good friend is a mortgage adviser so he’s doing it. We got an iva 3 months after our last mortgage review so he has no idea about it. We have told him and said we were embarrassed about it. He’s told us it’s not good and he will try his best to get us back on track and out of the…
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IVA completed but still being persued?
Hi. I was recently discharged from my IVA earlier this year and have recievd my completion certificate. However, I am still being persued for a debt orgiginally with Uncle Buck (pay day loan) which was transferred to a collection company called Conexus. The account was still with Uncle Buck when I entererd my IVA and I've…
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Iva - final year equity release
Its not myself that has an iva so I don't know all the details but my partner does. Hes in year 5 and they've issued the equity release clause he started the iva with £30k of debt, they can't remortgage his house as he is in a very good fixed rate The house is worth about £350k with a mortgage of about £180k on it. Hes…
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Any help for IVA during cost of living crisis
I have 2 years left of a 5 year IVA. Has anyone received any help or support from their IVA companies. I am with Jarvis (Debt Management). I am Paying £672 a month and cost of living is crippling me.
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IVA changes to guidelines
There was an excellent article in the Guardian on Saturday regarding new guidance issued by The Insolvency Service to insolvency firms who are now obliged to take soaring living costs into account if you are struggling with IVA payments. Because many IVA agreements were drafted before the individual had knowledge of the…
