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Trust Deed - Many Questions!
Hello! Firstly, let me apologise in advance, I'm sure questions about Trust Deeds are asked all the time, but I am really hoping to get some quality advice and support from you guys. I'm considering entering a Trust Deed in about six to twelve months time, and I am trying to do as much research as possible before making…
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Experiences with Egg account after finishing an IVA
Hello all, Writing on behalf of my partner who hasn't got an MSE account. He started his IVA in Feb 2004. Paid a final settlement Feb 2008 a year early. Takes 6 years to come of his account. So now finally free of the IVA label. Today he managed to log into his egg acount which was still live?? On there it says he owes…
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Big increase in monthly payments for IVA
I've been informed today by the company that administers my IVA that they want to increase my monthly payments by 74%, which frankly worries me sick. A bit of background - I took out the IVA in May 2006, and so am just finishing the third year. I've been lucky enough to get a promotion in work whilst the IVA was going -…
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Advice needed on expenditure amounts please.
I was wondering if i had the correct amount of allowance for everything i can claim for on my expenditure under review on an IVA. Is there anyone who knows what we're allowed and for what exactly? Any info is much appreciated. Cheers Ian
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Dodgy practices
I've just had an IVA rejected and am now going down the bankruptcy route. I thought I'd recount some of the dodgy practices that my creditors engaged in during and after the set up for the IVA and see how widespread they are. Apologies in advance for length. Northern Rock. Despite initially agreeing in principle to support…
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Will we be accepted???
Hello, I've been using this website for a while, and have finally plucked up the courage to post on the forum. There's always lots of helpful views and advice, so I wondered if you'd be kind enough to give me your thoughts on some of the niggling questions that keep me up at night! We are thinking of an iva, and I'm in the…
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Breaking an IVA
Hi, Just need some information please. If someone enters into an IVA, is subsequently gifted money and chooses to spend it rather than consult/agree this approach with their creditors, is this legal? I suspect not and I appreciate the terms of the IVA will specify exactly, but I was just wondering. Thanks I
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iva and business bank account
Hi need some advice please, My partner is 3 years into his iva and was made redundant at the beginning of april. He has the chance of work but it would mean him setting up his own limited company, he has spoken to his ip and they are ok with this. Does anyone know anything about getting a business account with an iva and…
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Citi cards transfer
Hi All, I have had a letter from Citi stating that my card has been transferred to CC Asset Management. There is a thread elsewhere on this, but question is can this affect my IVA which is up and running with one payment left of a two part F&F ? It would appear from other thread that CCAM are a sub prime card provider and…
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What will happen when I have less incomings?
Hi, I have an IVA for £48,000, and have been making my repayments for 15months of £400 a month. I try to stay very close to the budget set me and I dont have that much left over. I have 3 children, my son who shall be 16 in the summer has decided to not go to college this year, but to go to live with his dad in Scotland…
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Council Housing on IVA
Hello, I hope someone can advise. I am two years into an IVA and all is going well so far, however my housing situation may have to change soon and I would appreciate some advice. I am currently lodging (rent-a-room) privately. Am I right that if I applied to be on a local authority council housing waiting list there would…
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Trust Deed or DMP?
My wife and I are struggling to pay debt of around £35,000 owed to about 5 creditors. Currently our income varies enormously and is difficult to predict. We absolutely want to avoid sequestration/bankruptcy so we see our options are to enter a Trust Deed or Debt Management Plan. I need impartial advice about the likelihood…
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Increasing Debt - Should I risk IVA
Okay , first post on this board but starting to have some problems :( I took out a loan with lloyds about 2 years ago and have found that recently due to the ammount I am paying per month it is starting to cause me some problems as ther is nothing left over to pay for any extra's so they been going on my lloyds credit card…
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Shuffling ISA money
For the past few years I have been able to save my yearly ISA allowance. This year I am not in a position to do so. Since some of the highest earning rate ISA's don't allow transfer in of old ISA funds I am considering drawing out £5100 from an old ISA and using it as this years allowance in the highest rate I can . This…
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IVA Complaint
Hi everyone, I wondered if anyone can offer me some advice? I've been doing an IVA and was due to finish in October this year, however in November 2009 my IVA was taken over by a new representative at the IVA company i use and at this point I was told that I have £5,000 of additional monies owing that will need to be paid…
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Be-ri - Debt Relief Order
Hi all. I currently have around ~£10,500 worth of debt. My situation is such that I've lost my part time job, and have had to leave my current University course. I'm now on Income Based Job Seekers Allowance - since March - and have my CCCS Counselling interview in....4 hours time (They will call me). I'm going to see if…
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IVA, mortgage and moving house
My husband and I have recently entered an IVA, not having planned to move in the near future. He had a job interview which he had on the off chance of being offered the job, and has been offered it. We have spoken to our mortage provider who said that we wouldn't be able to transfer the mortgage if we were to move house…
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Major change of circumstances - Move abroad. Please help!
Hi, I really hope that someone can help us. I am (if I can work out how) planning to declare myself bankrupt. My partner (who doesn't live with me) is just over a year into his IVA . My company have just offered (and really want me to take up) me a transfer to a job in Germany to start asap. There's a possibility that my…
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Considering an IVA - advice pls
Hi all, Due to a business going to the wall last year and a serious injury to my partner we have found ourselves with approx 61k of debt, across cars, loans and CCs. In summary: CCs: total 23,680, paying 539 pcm Loans (unsecured): total 32,132, paying 929 pcm HP Car Loan: 4,700 (due Aug 2010, balloon payment or refinance),…
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IVA Accepted - question about overtime?
My IVA was accepted on Wednesday. I wil pay back £222 a month on 24k. I am happy with this amount,but I was wondering what would happen if I needed to buy essential living items that break and need replacing like fridge etc? Will I have to work the overtime and pay the 50% as agreed or can I produce receipts on my review…