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Debt Relief Order First Draft Application
Hi all, I have had my first draft application since September, but have only just managed to come up with the £90 application fee, which I am going to pay in the next few days. The thing is, when I applied for my DRO I was unemployed and on Job Seekers Allowance. I have now managed to find part time employment with a wage…
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Will DRO or IVA affect my credit in other countires?
Hi I have lived abroad for the last year in Mexico and i have been struggling to pay my debts in the UK. It's finally at the point where i am in debt crisis. I have a couple of jobs where i earn money online in £ and $, and i also earn some money here in mexico. The cost of living here is very cheap (i pay £80 a month for…
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IVA- who did you choose &why ?
Hi, we're at the start of all this. we saw the CAB& have seen a money adviser,he said the CAB usually refer people to Grant Thornton and another,not sure who.they are still looking at our case. i'd appreciate any feedback on how you chose the company to help sort your IVA & what your experience of them has been like. i…
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IVA help
Hello, Can i include a gurantor loan which i had taken out with private student loan company?? Thanks
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Been offered an IVA, but not sure, help
Hi Ive been offerd an IVA while unemployed (surprised) I'm not self employed but at present I will be on the same sort of money. The iva is for 15k ( I may owe a little more now so it would go up) Repayments if it all goes through would be £161 per month for 6 years. One debt is with a high court inforcer so I'm paying…
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bank account whilst in a IVA
Hi we have been in an IVA since June last year arranged by Debt Free Direct.We now bank with Secure Trust Bank, as suggested by DFD, our problem is Secure Trust only supply a Pre paid credit card and we like to shop in cheaper shops like Aldi that only accept Debit cards, i know that it is fairly quick and easy to go to a…
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Is it for me ?
Hello everyone Im looking for some help deciding whethere the IVA route will work for me. First and fore most, I am very ashamed of what ive done and the mess I am in. Debt is a nasty thing, but I didnt think like that when getting top ups on my loan and punching those four numbers into the pin pad in the shops. :( I have…
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Lightbulb moment & question please
Hi We've finally bitten the bullet and realised we're in debt and not getting out of it. We've had an awful Christmas break with non-stop phone calls from banks asking where their money is! We stopped answering the phone in the end! But last night we sat and talked and decided that if we worked 24 hours a day 7 days a week…
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Full & Final Advice
Hi This is my first ever post although have been a regular visitor for the past 2 years. It was advice on this forum that prompted me to face reality and address my problems. I have an IVA with Debtlifeboat (a fantastic organisation if anyone is considering an IVA) It has been 2 years since my IVA was accepted, total debt…
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Psersonnal background details for iva
Hi, I am on stage two of my iva with payplan , i have just finished getting all the paperwork they needed (it was a huge amount!!) I now need to to write a personnal background letter stating what the debt was used for , i can't really remember as we have been in debt for so long , some new debt was for christmas presents…
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iva to bankrupcy
hi took out my iva about 6 months ago paying 380 a month for six years with cccs at time seemed like was best option now after more detailed thought i am thinking i should have done bankrupcy iva was ok while living with parents but didnt think about the impact of moving in with partner only was we can afford to move in is…
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Should I think of IVA?
Hi There, I am in a bit of a pickle. I was doing IT course with advent who went into administration. When I was singing up the sales guy said I have 1 year payments free but then the interest would be 29% so i can get a bank loan to pay for it. However within that year recession came, circumstances have changed and i did…
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Eureka..
Hi have been in an IVA for over a year and a half and have found it tough living in the means to which I became accustomed to. However around last November, I had a Eureka moment and decided that I could do with out some of the luxuries in life I had gotten used to.. So with a sky direct debit of around £50 coming out, I…
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Accura - any good ?
Hello this is my first post. I am in a bad way and am at the stage where I am too scared to open the post. I want an IVA and Accura have been recommended to me by my accountant. What opinions or experiences do people have of this firm? Thank you
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IVA with 48K rental income ?
Hello this is my second post. I want an IVA but I have no employment income at the moment. I am looking for work and trying to get interviews. I have a regular rental income of 48K ( two properties let at 2K per month ) With only rental income and no employment income, can I qualify for an IVA ? Who do I have to persuade?…
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urgent help needed
Hello, I have a gurantor loan with company called sallie mae which went burst and total credit finance uk ltd is dealing with the debt. my uncle was a gurantor for this loan. can i include this loan into iva?? if i can does it affect my uncle anyway??
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Ending IVA early
Evening (morning rather) all, I'm roughly 2.5 years into a 6 year IVA which, if I'm honest has had me feeling down since it started. After reading up on plenty of threads here for the past year or so I'm wondering perhaps whether I was pushed into it. Anyway, my monthly repayments of £269 have been going well. However a…
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IVA and bank account?
Hi all, We are in the early stages of looking into an IVA. We have 3 credit cards and a personal loan but no bank overdraft. In this situation will we still need to open a basic bank account somewhere or is there no reason not to continue with the accounts we have? None of the outstanding debt is with the bank that…
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IVA can they take items purchased on credit cards
Hi, I am new to the site but not to debt unfortunately! Im considering applying for an IVA but need to know if as a result of getting and IVA, could a holiday for later in 2011 paid on a credit card be cancelled or the payment be revoked by the credit card company or will the purchase stand? Any ideas?
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Would We/I be eligable for a IVA
I am just posting quickly from work Ive worked out how much we owe in debt not including our mortgage and we have 45K in debt :( all unsecured, I am so ashamed of us getting into this mess :( 31k ish of it is in OH's name 14k ish is in my name But all debt is both our debts We are not married, but are engaged and both…