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DRO AND ELECTRICITY & GAS SUPPLIER
Hello, I'm just about to put through my DRO application through Money Wellness, they are the ones that first put me on a breathing space and seem very good, but my only concern is that I have £286 of debt with my electricity and gas supplier - Octopus Energy. So if I put that through on my DRO application, will they cut me…
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On The Brink of Moving to an IVA from a DMP - Sanity Check
Hello MSE Folks, I've had a very long and bumpy road with debt. Now 50 I've been trying to do the right thing for the past ten years, dealing with chickens coming home to roost from a credit overspend spiral that lasted from university through a corporate job, burnout and redundancy and into self employment (Ltd personal…
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My IVA and my partner's morgage
Hi all, Quick question for any who have had an IVA - would me taking one affect my wife's ability or rates in a remortgage situation? The house is hers and our finances are separate apart from a joint bills account. I'm concerned that the IVA might show up as a flag on the address during a remortgage - is that an issue?…
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Holiday pay and double payslip after new job
Hello, I'm in my first 6-months of my IVA. I have recently changed job and have made my IP aware of the change and increase in salary. Because I was still at my previous job for the first week of the month, I received two payslips this month, one from the old job (including the week of work and holiday pay I had accrued…
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DRO and default payment
Hi, In September 2018 I went through the DRO process. All has been agreed and successful, but when I check my credit score on different pages I still have one of the bank showing the credit card I had and each month payment say defaulted. The rest things from my DRO has gone and has been cleared. What should I do in that…
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Help please on letters to creditors before DRO
I’m
hoping that you helpful and knowledge people could help me please. I’m helping someone
(let’s call them Person A!) with their debt situation because of their current mental health problems. Where I’m at at the moment
is – all details on SOE have been completed, all creditors had agreed to put
accounts on hold (2nd time…
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Terminated IVA and Land Registry charge
hi thanks for reading. My IVA failed and was terminated last May 2019. It was originally with ClearDebt, who then were bought by Apeture and now I believe are being run by Jarvis. My question is, there is still a registered charge on my property in the name of Clear Debt's insolvency practitioner. As the IVA is terminated…
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Missold IVA
I entered an IVA in Jul 2021 and has voluntarily terminated it in May 2024. I believe I was missold the IVA and wasn't given the correct support whilst in it. I've put a compliant in regarding this. Was just wondering has anyone else here had any experience complaining about a missold IVA and if so what was the outcome?
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DRO - excluding a debt?
Hi all, when applying for a DRO, is it possible to exclude a credit account?
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Creditor Wants Evidence of DRO
I let one of my creditors know that I now have a DRO in place. They wrote back saying that they needed the documentation to prove this including a list of creditors and a copy of the Chairman's report. If they don't receive this in 7 days, they said my account would proceed to the next legal stage which is High Court…
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DRO, Self-Employment & Universal Credit Query
I have almost £32,000 worth of debt, some dating back over 20 years which I've not been able to pay. After burying my head in the sand for years, I finally dealt with it and now have a DRO in place that ends next June. My intention was always to pay my debts, but circumstances didn't allow. I'm a single parent, and was a…
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Discharged IVA
So I entered into an IVA in July 2021 with about 30k worth of debt. At the time I was being hassled by debt collectors so I thought it was a good idea to stop the visits. I didn't quite understand the fees etc and how it worked at the time. In Jan 2024 I decided to discharge myself from the IVA. I had had a substantial pay…
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DRO Car Valuation
Hello, I am looking for some help as I am starting to despair. I contacted Stepchange initially for debt advice, I spoke to an IVA advisor who helped me with my budget and said I didn't qualify as I didn't have enough money at the end of the month. I have a car and she checked my registration and told me if I were to wait…
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Three and DRO
Hi, I am currently in the process of applying for a DRO and have a contract with Three for £37 per month which I cannot afford. How do I include it in my DRO as I want to keep my number. Do I transfer my number over to a payg sim then include the early termination charge from 3 as a debt as I am unsure what to do?
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Vodafone & DRO
Hello, Im in the final steps of sorting my DRO application with a financial advisor. I have 2 device plans and an airtime plan with Vodafone that I am unable to pay and was told these can be included in my DRO. I have since got a sim only contract through another provider. The financial advisor has asked me to contact…
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DRO - What to expect from a Intermediary call?
Hi, I am due to have a call from a DRO intermediary next week through Money Wellness. Getting to this stage has already been challenging as they disputed the value of my car (they were valuing it higher than £4000) I have submitted 2 written valuations from independent dealers that put my car under this price and they seem…
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I'm in an IVA, can I switch to bankruptcy?
Hello, I entered an IVA in August 2021 after COVID forced me to close my used car sales business leaving me with about 30k of debt. Since starting the IVA I was told it should of been bankruptcy in the first place. Currently we are struggling with our budget and in short I'm considering stopping paying my IVA for 5 months…
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Income Vs Expenses
Hi All I'm in the final stages of applying for a debt relief order, my SFS shows Income £1669 Outgoings £1841 Total -£145 The income was an average and it's been a lot lower lately, around £1540. I'm going to ask at my next call but I hope to get my income up to the £1841 mark so that I can meet my monthly outgoings…
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Adjusting DMP Payments
Hi, Currently on a DMP which i find is good. Most creditors have defaulted. Just Sainsburys Credit card not playing ball. but they have froze interest. Now Currently i pay 160 per month, But a few cost have increased. I may have to amend budget to pay 100 or so a month. Now i have no issues doing this. But i am wary, what…
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Money wellness DRO
Morning, I am so glad I found this forum last night. I paid my fee Friday and I think my application was sent in. Now I'm just anxiously waiting to see if it's accepted. I went through money wellness my question is has anyone else used them and how long did it take? The waiting all weekend has been killer I know the…