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Stepchange IVA and finance
Hi all. I am in my 7th and final year of my IVA. I know the rules state that you have to get permission before borrowing more than £500 for credit cards, overdrafts, and loans, but would getting finance for £540 to purchase a new TV also included in that rule?
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Vulture Fund Mamagers/Overseas Mortgage debt
Hi, My wife and I moved to Cyprus in 2008. Having rented for nearly a year, we decided to buy an apartment and moved in to it on 2009. We were both working full time permanent jobs. We put down in the region of £35K. Equity from the house we sold prior to moving. Then literally months after taking out the mortgage with…
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Had a DRO but a very old debt has surfaced.
Hi all, very first post on here, and I'm not sure how all this is going to sound when I put it out there so please bear with me. I had a DRO that ended in August 2023. After going through all my debtors and credit files, I was pretty sure that I had everyone covered. Two of those were being dealt with by Moorcroft. One…
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IVA Remortgage Request in month 68!
Hi. I am wondering where I stand on the following. We had an IVA which started in 2019 with Hanover which then got transferred to Ebenegate. At month 54, we heard nothing. Zero communication so carried on with our monthly payments. We are now in month 68 and have received an email with a letter attached stating we must now…
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Legal rights
Looking for advice please my trust deed ends in July 2026 I want to claim my legal rights inheritance payment after my trust deed ends will there be legal costs I do believe I have twenty years to claim my legal rights
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DRO and new bank account
good afternoon. I am half way through a DRO and wondered if you are able to open up a Monzo bank account whilst in an active DRO? every month i seem to have issues with my current bank and wondered if i could open another? that’s if i would even be accepted for a basic account.. any help would be appreciated.
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HELP WITH IVA 😳
So this is my second year paying my Iva off I’ve just done my review my advisor is now saying if I earn above 1300 per month I have to pay an extra 50% to them (that’s fair enough) how ever my wage goes up and down all year for instance this month I got 950 but last month I got 1450 now if I’d paid the extra to them last…
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Creditfix IVA added more time
I got my IVA with creditfix in 2021 for 5 years in 2023 they emailed me to say because of the cost of living they were lowering my monthly payment which I accepted till later I found out they add more time to my IVA. It is ment to end march 2026 and now I still have 30 months left when I called and complained they said it…
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Can a DRO be refused?
Hi, I’ve completed everything with National Debtline , they’ve now passed it on Citizens Advice. I should get by end of next week. I’m quite nervous as nothing goes my way lol, any reason for the DRO to be refused? How many months bank statements do they want? Do they want statements of all banks? For a while I borrowed…
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I’m about to submit documents with CAB for a DRO
So Citizens Advice got in contact and asked me to provide documentation of my ID & link my bank statements. I’m only now applying for a DRO due to a relationship breakdown, my now ex is no longer in my life & helping with bills as of last week. I’m now on my own and bills are all on me and can’t afford my loan & cc…
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Moved: CAB DRO/Linking bank account online?
This discussion has been moved.
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DRO advice
I've just had a DRO approved, around 20k debt. I'm unemployed struggle to hold a job down for a few years due to depression and long term health condition, basically thinking i can work out this rut but ended up pretty much breaking down cant hold a job or be around people for more than a few days. So i did the DRO as need…
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IVA lump sum settlement fees
Hello all, 5 years ago I took out an IVA to help with debt problems. I have just completed unsuccessfully the remortgage clause and was told I could make 12 more monthly payments. At about the same time I took voluntary redundancy so I am now being told I need to pay a lump sum settlement which below is the breakdown of it…
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IVA F&F Sprout Loan
Just wanted to give my experience on clearing my IVA early using Sprout Loan. I had done so much research and appreciated people posting their journey, which is why I am sharing mine. I have spent 15 years juggling historic debt and carrying it around like a ball and chain! Our combined debts were very high for many…
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IVA now wants equity on the house
My partner and I are not married. But we do have a mortgage together. He ended up taking out an IVA 4 years or so ago to cover the debt from his ex-wife. He is the main income earner, I'm self employed but don't bring in more than £500 per month. We have 19 years left on the mortgage, and fixed for a new deal in January. I…
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DRO - Appointment next week
Hi, I've spoken to CAB and they have advised that a DRO might be for me, I've got an appointment next week with a DRO caseworker, just wondering what information I need to give them if anyone can assist me please? Cheers
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Step Change recommending IVA?
Hi all, Looking for a sanity check really because I'm at the end of my rope. Basic numbers are that I'm £59,000 in debt, pay £1,150 a month in repayments, have a joint mortgage (£191,000 on a £230,000 valued property) and am left with about £150 a month after all payments. I've never missed a bill but I'm at the point…
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Moved: Paying debt management plan balance
This discussion has been moved.
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Moved: Debt advice for moving abroad.
This discussion has been moved.
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Missold IVA
I finished an IVA just over a year ago, this January I had an email from Missoldiva.org saying I may be able to claim back some overcharged, it then said I'd receive a document from a big law firm 'Taylor Rose' with a document I'd need to sign...i haven't received anything, so I rang Taylor Rose and they said they deal…
