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Final Payment
Haven't really posted in here before but just thought I would let you all know, especially if you are only started or starting an IVA that the time does pass quickly and you will get there. I started my IVA in July 2005 and make my final payment on Wednesday then I am free as a bird :j cant wait to make the payment and…
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Will my IVA cause me housing problems?
Hi I am now coming up to the second anniversary of my IVA starting, since it started I have been lodging with the friend of a friend (my housing costs are all upfront with my IP). However due to a few issues that have arisen I am looking at moving, including the possibility of renting a flat either privately or more likely…
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can I do this??
This is my first time of posting although I have been reading this forum for a while... I am currently a financial advisor (please no laughing) :o with a big high street bank, but have unsecured debts of approx £31K dating back way before I started this job. My income has always been sufficient to meet my debts, however my…
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Advice needed re Annual Review. Charco???
Hi there I am a long time lurker. My first annual review is due and I just wanted some advice. I know Charco has agreed in the past to look at expenditure figures. Thanks in advance
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Help needed
Hi, i getting proper stressed. I'm supposed to have a F&F on 27/09/2010. I received a letter today from Santander/Cahoot saying they have been request to do a Direct Debit indemnity claim. they are going to pay this as they are required to do so but now they are chasing me for £1200. I'm worried this will affect my F&F. I…
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How is the length of IVA calculated
I am in the process of figuring out whether an IVA or bankruptcy is the best option for me and I just had a few questions about IVA. How is the length worked out? If I really really budgeted, I could have a surplus of £500 per month - would this mean my IVA would be a shorter term than if I could only pay £300 per month?…
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Notice of dissasocciation from family member with an IVA
18 Years ago my husband and I very naively went into a three way mortgage with my mother in law, as on paper we could not afford the payments. She has never contributed to the mortgage. Last year her debts came to light and she admitted she could not afford to pay them although we gave her over a thousand pound to help her…
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Worried about IVA future - please help!
Hi, I'm concerned that I may find myself up the creek further along my IVA and don't know what to do about it. I've recently had a letter from the Student Loan company saying I need to start paying them just short of £80 per month. Up until now I've deferred it each year as my wage has been less than the threshold. Payplan…
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Chase Saunders nightmare
Hi folks Schwalki here. Long-time lurker on this website & only now, after the day I had yesterday - decided to post. I have been in a DMP for the last six and a half years with Chase Saunders. I found out yesterday afternoon that they went into administration in June. I found this out by getting a call from another DM…
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IVA completed!
Hi all, I just wanted to say that we have just paid our final IVA installment:j:j:j and to let those of you undertaking one that there is light at the end of the tunnel. The 5 years have been extremely long and hard work but we are so happy that we have finally got there!:T There are a lot of bad publicity stories…
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filing for IVA this week
Dear all, I have my 2nd interview with an IVA specialist in Friday. I have a total debt of around £65,000, the specialist has advised my that my wife will also have to be put in for IVA, she has a debt of £20,000. Q: Is this the case ? I was hoping not to include her as she has plans of opening her own business in the next…
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IVA Disputes
Hi There, I have a dispute within my IVA at this moment. It would be great if anyone can help me ANY advice upon this matter. I am currently preparing with my Insolvent practitioner a new VARIATION arrangement because I became UNEMPLOYED due to illness a year ago and they are going to help me start paying my IVA at a…
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What do I have to hand over during a IVA?
During the course IVA what do you have to declare and hand over? If we were to recieve the money from a savings scheme we are paying into, would we have to hand over that? Its due out in 2013 and is about £2,500 each. The IVA would more than likely just be in my husbands name as he is the owner of most of the debt. What…
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Rebuilding my credit score during my IVA
Hello everybody, Looking for some advice on preparing myself for life after my IVA as I intend to get a mortgage. Is it advisable to try and repair my credit and build my score during my IVA? (I have just over 25 months to go before its due to end) I was thinking of using the creditbuilder facility on My Cash Plus credit…
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Finished My Trust Deed in 2008, will i still have probs renting?
Ok i finished my Trust Deed in April 2008 and things are great, i have a vanquis credit card and have had loans for cars and paid them off no probs, I know my credit score is fair but still struggle to get loans/overdrafts from banks so i know my score cant be that great. My problem is i have just put a deposit down on a…
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Anyone forced to remortgage in their 4th yr?
Hi I'm having a telephone meeting on Mon with CCCS & hopefully will be able to get further advice on whether the DMP or IVA is most appropriate for me. I have got into a financial mess in the last yr as I couldn't manage my creditors due to going on long term sickness (still unable to work) & ultimately losing my job.…
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DRO Discharged?
Hi all, I have had a DRO now for over 12 mths (just) and have gone to the insolvency website and under status it says: Currently Subject To Debt Relief Order : Moratorium Period ended on (couple weeks ago) The debtor’s Moratorium Period End Date is in accordance with Section 251H of The Insolvency Act 1986. As of this date…
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IVA & House intestate.
Hello! My brother has been in an IVA with Debt Free Direct for the last couple of years, but is now having issues with them. In Oct 2007 our mum passed away, leaving the family home intestate (I am the administrator). I have organised with the family a way that I can stay in the house and make sure that every one is happy.…
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first post ...early stages of iva
hello, not sure if anyone can set my mind at ease . ive been reading this board for a few days. my husband and i have amounted debts through loans and credit cards to around 40k, and have been keepin up with all the payments albeit minimal payments. We had a call from the money group and endin up discussing these debts…
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just checking...ongoing costs car repairs etc
Hi, I am about to enter into the 2nd year of my IVA. I have just had to have the car repaired and my IP has knocked that amount off the payment for next month. (fine but glad I had enough funds to cover it before then). He told me that this cost will be added at the end of my IVA or I can split the cost and add it to the…