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Advice needed ASAP plz
Hi there everyone, I am 4 weeks away from my 12 month DRO period ending (can’t believe how fast it’s gone) anyway I am a bit worried as a job has come up at a local school only doing 12 hours a week and I’d really like to take it as that opportunity isn’t likely to arise again, and it’s perfect for me, my only worry is…
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Considering entering an IVA but not sure if this is the right thing to do.
So I am currently in around 37k of debt. Bank loan (obtain previously to pay off credit card debts which later reused) Credit cards One store account I am a single mum of 3 and I am overwhelmed with embarrassment that I have let it get to this stage. I feel like a terrible person. My goal is to be able to afford to live…
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Renting after an IVA
Hi, I hope someone will be able to help. In 2017 I got into an IVA after raking up a hefty debt on multiple credit cards (I was very young and naive). In 2019 I was able to complete my IVA early and have been debt free ever since. I have not missed a payment for anything since the end of 2016. I am currently living with my…
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IVA ending, how it impacts new mortgage
Hi, my IVA will end in Feb 2022 I know technically it will still impact my credit score for another year. My question is will all accounts included in IVA will get closed? I am aiming to get mortgage next year as well, how will bank look at me now? IVA done, but still visible? My credit score is very poor because of it,…
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Help my ex husband is in an IVA
Rather an off situation but I hope someone can advise me what to do. My husband and I have been divorced nearly a year, separated 18 months. I had money before we were married and we entered into a pre nup. When we divorced we didn't close our joint accounts though there was nothing in them. Last week I close a joint…
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DRO debt sold to collection agency.
This has made me quite angry but Newday has sold my credit card debt to Lowell even though this debt was included on my DRO. My question is can they do this?
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Sprout Loan for IVA
Hi, I’m currently 29 month into a 60 month IVA, I’m considering getting a sprout loan to end it early. However, I don’t know whether I can approach sprout loans or if I have to be referred from my Iva company? Has anyone had any experience using them? thanks
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IVA & BRAIN TUMOUR
hi, my partner has been in an iva for nearly 3 years now, he has just been told he has a brain tumour, he has not seen the consultant yet for care plan, surgery etc.. but is worried that when he gets put onto statuary sick pay, the iva will default. He had insurance but iva company made him cancel it. Any suggestions on…
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Request from solicitor re: Financial Mis-selling Redress for your IVA Estate
My father is coming to the end of a 5-year IVA. He made his final payment in the summer, and is now awaiting his completion certificate. A few weeks ago he received an email from a solicitor, entitled 'Financial Mis-selling Redress for your IVA Estate'. They told him they had been instructed by the supervisors of his IVA…
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Overtime being spent on arrears?
Hi all, So if you are in an Iva you declare overtime and we as a joint Iva know that but the overtime my husband is doing - £200-£300 extra a month is actually being paid on car, utilities, council tax and mortgage arrears. Literally you name it we have arrears in it. We have all evidence of these. Im not proud of this at…
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Can IVA be extended
Hi, Looking for advice. I have an IVA running, set up in June 2020. All is well, payments made regularly, reviewed in July 2021, no issues. Just had a letter saying I am in "breach" of contract. On inquiring about it, my IVA manager informed me that my debts were 15% more than I reported in 2020 and that it wont affect my…
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Thinking of a DRO but still spending on my cards
Hi, I have just over 8k of debts which I am somehow managing to make the minimum payments on, however I am a full time carer and currently on UC with the carers element and with losing the temporary increase I will no longer be able to afford to meet my commitments. As I have no disposable income a DRO was not recommended…
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BBL and IVA’s
I have a business and iv ended up putting myself into a IVA to keep to business afloat and iv taken a BBL via the company iv you are responsible for paying back the BBL even if I closed the company wouldn’t that stand to reason I should be able to add the BBL to my IVA and keep to company going my understanding is the…
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Mortgage change after iva finished 3 years ago
Hi I want to try an get a better deal can anyone tell me if I could do,this my iva finished 3 years ago
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Silly question time (probably)
To be honest I am I little fed up of everything. The uplift in UC stopped has made my situation worse, the cost of every flaming thing has gone up and my flatmate is cheesed off as he is having to pay the shortfall and all of the rent which will nearly cover half of his wages when it goes up in November. So when I get a…
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Are these a legit company
https://getoutofdebt.co.uk/debt-relief-orders/lp-3/?vtsource=Google&vtcampaignid=12077487099&vtadgroupid=126016586103&vttargetid=kwd-147769309&vtcreative=546524245600&vtmatchtype=b&vtnetwork=g&vtdevice=m&vtgclid=Cj0KCQjwtrSLBhCLARIsACh6Rmhl5r3NcS4-A6y-XKMDTYj16Vh3ET_CArs2OOOEGe8uhYhLZqURCHMaAskCEALw_wcB&vtkeyword=get help…
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IVA Complaint - Debt Movement - Ombudsman
Hi All, I've sent the below to the Financial Ombudsman. I'd be interested to know you opinons on this. I cannot express how difficult this company have been to deal with. I am three successful years into my IVA. It has been taken
over by ‘Debt Movement’. Put simply, my income
has not risen (beyond that approved 10%…
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IVA early settlement loan (sprout)
Hi, I've been contacted by my IP to discuss an early settlement loan via Sprout Loans. I'm 42 months in and have not missed a payment, they contacted me around the 30 month point. Does anyone have experience of using these? Any success, positives or pitfalls? I was hoping that this might keep my IVA to the five year mark…
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Recent IVA
I recently applied for An IVA. The paperwork has been completed and I have opened a new bank account with Nat West. My account with my previous bank TSB has been frozen and I am unable to access my pensions which has already been paid into the old account. Can anyone else please.
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Should I let IVA fail
Currently 16 months into an IVA, since starting it our finances have considerable improved, I am also due a share payout which I understand will go to IVA. Short story, I owe approx 70k once of which is HMRC, my query is now that I have this payout coming, can I/should I let the IVA fail, use the share payout to clear HMRC…
