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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…
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New legislation - should I bother?
Hi all Me and my husband have a joint IVA - we had a lot of debt due to emergency medical treatment I’ve just read about new iva guidance since the cost of living is going up. At the moment we pay £100 a month and have never faulted. We understand we are in the poo basically. Our circumstances are the same apart from our…
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IVA full and final settlement offer queries
Hi all, Currently in an IVA, have offered a f and f settlement offer which will be soon offered to the creditors. I was wondering if anyone could answer some questions I have if this was to be accepted please? Thank you all, Kate
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Cancelling IVA and moving to DRO
Hi Everyone, So, I'm currently 12 months into an IVA. I'm renting with no assets and the debt was just under £30k. I now meet the criteria for a DRO as my expenses have risen. Shall I take the plunge, fail my IVA and go for the DRO? Has anyone done this? Many thanks, Alex.
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Sprout loan & IVA completed
Will try and keep this short. I took a sprout loan out back in Oct 2021 to pay off my IVA. I am still getting letters/account updates from my original creditors but my understanding was the sprout loan would be used to pay off my IVA/all the accounts and then I am liable to sprout loans (unsecured loan) for the next 2…
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Is an IVA considered a Bankruptcy?
I have just over 1 year left of the IVA marker on my credit report (discharged in Oct last year) and I am confused that on some lenders websites it says under their eligibility terms; - must not have been bankrupt in the last 6 years No mention of IVA for some. Because of this, even the own lenders eligibility check is…
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Applying for debt help with PayPlan, DRO rules clarification
My partner and I both have our own debts and live together, we are currently individually working with PayPlan to find debt solutions as we have a complicated relationship and don't want to tie our finances together any more than we already have The person dealing with my partner's case has been replying a lot more…
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Best iva company
Hello. I am considering entering into an iva.i do not have a massive amount of debt but its playing on my mind and I'm worried about paying it all back at their demands. Would an IVA be my best option? Thank you
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renting after dro
Hi I had a dro a few years back and still have about 2.5 years till it drops of my credit report. Am i going to run into issues when trying to rent? Im currently still renting the house i had when i got the dro but now may need to move, i have never missed one payment on my rent and have since took another credit card out…
