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chased by a debt company
Question for some help for my sister. She signed as a guarantor of her ex-husbands company (husband at the time) in February 2018, she was then taken off the company as a director or person of significant power in March 2018. Her ex-husband hadn’t paid the loan since 2020 and they had chased him, he said he
paid £1000 and…
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Iva mistake - think it may fail
Hi, ive had a big mistake with my iva. I’m coming up to my year review, I started a new job in June and started earning more money through overtime and bonus. I knew I had to pay some of that into the iva but I thought it was looked at at the yearly review and then the extra added on. I was unaware I needed to inform them…
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Changes need to be made to DRO
Hi all, I submitted a DRO application with Step Change in December and things seemed to be going fine. I had an email asking me to check everything was fine and what to do next. I was told to pay the £90 fee and then to call them 5 working days after payment as they had to speak to me before they could submit it I paid the…
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Thinking about an IVA for mum & have questions please
Personally, I think my mum has a psychological compulsion that requires her to spend money to try and buy happiness. She went from a very healthy bank balance in 2000 when my father died, to having £33k worth of debt now. How she kept getting finance at her age and when she was already in debt is beyond me, but that’s…
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11 months in IVA wanting to offer F&F
Hello all, It’s been a while since I’ve been on this thread. Just been plodding along with the IVA. I’m 10 months in (11 in a few weeks time) is this okay to offer a full and final settlement? I have many personal reasons as to why I want to just finish this IVA asap and a family member is willing to pay this off for me.…
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IVA - 1st annual review - new partner - DRO?
Hi All, I have an IVA with CreditFix which started in March 2021. I have approx £24k of debt with them. Just after my IVA started, I met someone, and as of November, he started living with me. He earns 2.5 times more than I do - he earns 60k a year, whilst my income is 24k. CreditFix have emailed me today saying it's time…
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Iva help
I'm looking through my late father's IVA . Completed in 2016 and my father sadly passed away in 2017.. Still in 2021 they took a ppi that come to light I have a few questions they might be a bit random so I apoligise in advance. 1. How long does an IVA stay in trust. 2. Should annual statements of any monies still going…
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Tymit
In an iva and needed a bit of help this month. Ended up getting a tymit card which i can pay off in full qt the end of the month. My annual review is august so none of this will show on the 3 statements. Will i get away with this? I know its not right but its done now
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Iva and LISA
My husband and I are starting to think about saving for a deposit for a house. I am 2 years into and IVA so not sure I can open a LISA, we are only able to save £250 a month at the moment anyway should my partner just open one in his name or should I open one anyway? thanks :)
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A bit concerned….
Hi everyone I have a DRO and the 12 months ended in December and in that year I never heard anything from any of my creditors. Anyway one of the debts that went into my DRO was my NatWest overdraft and as soon as they found out they closed my accounts. Anyway I had a letter the other day saying I’ve gone over my overdraft…
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Paid off IVA early
hi all, going back several years I got into some financial trouble and entered into a IVA, I was paying the monthly charge every month with no payments missed, I then had some inheritance from my late mother and paid off the IVA early, I was told that I would receive a certificate of completion, this was last April and I…
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Debtor
Good afternoon Just after a bit of guidance please. I completed my DRO in September, just checked on the insolvency register to see if my name is on there and it isn't, obviously after the 3 months it has come off. I have just been asked by a creditor for proof of completion, albeit 3 months later. I don't have proof now…
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Token Payments with StepChange has now come to an end
Hi All, Happy New Year to you! Looking for some advice, I have been with Step Change for the last few years but last year I was on maternity, so they changed my DMP to token payments due to mat pay. Now it has been a year they have advised that I either contact my creditors to ask if they would accept token payments or go…
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Step Change Error - fair?
Hi All, My partner has an IVA with Step Change and due to a change in my circumstances I was able to make a 3rd party payment offer to close the arrangement for him. We arranged this in August and sorted the paper work and in Dec 2021 I received an email stating the final figure had been accepted and could I please pay. I…
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Am I making the right decision?
Hi all! New here, looking for advice and everyone seems very helpful. Basically I currently have just under 10K debt across various creditors including an overdraft. I contacted a company (Money Advice) who told me of various options and initially I thought an IVA sounded like a good idea. However I've now been in touch…
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DRO after 12 months
I was accepted for a DRO and the 12 month period is coming to an end in the new year. I’m incapacitated for work and I’m concerned my sickness support payments increased during this period, could the Insolvency dept revoke my DRO?
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IVA and part time leaner loa
I have searched but can't seem to find the answer. If I enter Into an IVA for 60 months, during this time, can I still apply for a part time learner loan to study with the OU? Sorry if this has been discussed previously. Thanks
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DRO 12 month anniversary 🎉
Hello all so today marks the end of my 12 month DRO period and I’m so happy!!! I feel like a massive weight has been lifted from my life and I’m looking forward to starting a brand new job next month!!!! I have been through a rough journey and if it hadn’t been for this brilliant forum I don’t know how I would of coped…
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IVA
Hello, I've signed up to the forum as wanted some advice. I recently contacted a debt consolidation company to see if I could pay all my debts off and have one monthly payment. Then advised because of my credit history I wouldn't be able to. I'm currently not actually paying my debt down just paying the min due and using…
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IVA huge increase advice
Hi I took out an IVA three years ago. Initially my monthly payments were £85, after a review they increased to £182 and then without any notification or change in income or circumstances leapt to £392. As part of this year's annual review i quires this. they have not answered my queries, but informed me the payments will…
