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Debt Relief Order's & The Dept of Work and Pensions HELP
Hi Guys, Hopefully somebody can help as I know we have a few Debt Advisers on here and as you will probably remember you helped me when applying for my DRO. My DRO was granted on the 14th May 2009, at this point I owed the Jobcente for a Crisis Loan that they had paid previously. I called them and informed them of the Debt…
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DRO - providing evidence...
I was wondering will we have to provide evidence of say our wages & bills at the end of our DRO year? Oh and capital one went to a solicitors about my account!! First I got texts from frankling International (or something like that) but didn't answer calls or reply to text as had no clue what it was about then I started…
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protected trust deed equity release
Hello there, I have been following the protected trust deed section and was wondering if anyone could offer me adice. I entered into a protected trust deed 18 months ago and, because I have a secured loan and a mortgage, I was told at the end of the 3 years I would have to pay back around £5000.00 in equity. I agreed to…
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Making an offer to settle
Hi, A friend of mine has an IVA of circa £50k, paying £360 a month over 6 years. 2 have been paid leaving 4 left, no defaults on payments. The parents want to make an offer to settle for various reasons, we've heard that IVA companies will sometimes take an offer based on the remainder, so roughly £18k to pay to date. My…
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IVA Arrears
Hi, Ive recently been struggling with my IVA I had spoken to my IVA company (Kingsgate) & agreed to make a down payment for a few months being told at the time that i had the option to either pay the arrears back at then end of the IVA so it would be like 2months extra payments at the end or pay it back gradually when i…
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Corporate AMEX while in IVA
I am one year into my IVA. I have to travel often for my job and until now they have given me cash advances but they want me to use a corporate AMEX card for expenses. They sent through the application form and it seems to suggest doing credit searches on me. People at work don't know about my situation and I am worried I…
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My IVA Situation - Need Some Serious Advice
Hi Guys, I've just signed up here and it looks like a good place to get some good advice, I only wish I found out about this place before I took out an IVA. I hope you guys can help me with my situation as I really need some advice :D 2 Years ago I took out an IVA or as I realise now, I was missold an IVA by Baines &…
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Trust Deed - satisfied? I am confused!!!
Hi I am in a Protected Trust Deed at the minute that is finishing early next year. It started in early 2007. Out of interest, I have got a copy of my credit file. As expected, the PTD shows on there. For example, the date it started was 10 Jan 2007. However, in the same part of the credit file it says 'Satisfied: 27 Feb…
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Debt Relief Order
Well I;m going to be getting me a Debt Relief Order at the beginning of 2010. I've got the paperwork I just have to get some bank statements and all that. I'm a student, the reason I'm doing it now is because when I finish uni in 3.5 years I will only have a couple of years before its off my credit record. My dad told me…
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Fearful Newbie - phone calls etc what to do
Any advice gratefully received... Our pack of badly held together cards has fallen down, but .the light bulbs on and staying on. We've decided that we are going to try for an IVA - recommended by CCCS. Opened basic bank account today - the easy bit I guess. The credit cards are phoning non stop now as we've missed the…
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is the % always the same
Hi there, i'm sure this is a very basic question for most of you but I was wondering if there is a set percentage of the debt say 25% paid back or is it worked out on the amount of debt and the amount you earn. Hope this makes sense. Jill :confused:
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IVA with Baines & Ernst
Hi All My question is regarding Baines & Ernst , I was looking into bankrupcy due to my debts (25ish grand unsecured ) and clicked on a web page asking the question do I qualify . A few mins later the phone rings and its B & E asking a few questions about my cercomstances and advising me that an IVA would be a better…
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IVA & Fairfax Solicitors
I've received a letter today from Fairfax Solicitors regarding a debt that was bought by a DCA (Max Recovery) and was including in my failed IVA: 'Our client purchased this debt while you were insolvent. Inclusion of this debt within your IVA constitutes acknowledgement of the debt. Your acknowledgement ended on the date…
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What comes first CCCS or Find an IP?
I am sure there is a value to CAB and CCCS and the like. But having spoken to quite a few people now, I am 99% certain that IVA is the route to go. Should I go through the CCCS route and will they recommend an IP, or do I find one myself. I am going to get my Statement of accounts done tonight (incidentally anybody got a…
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IVA and monthly payments
I am a newly registered member although I have been looking at this website alot recently. I wondered if you could help me? This is a situation where husband and wife are into the 2nd year of a 5 year IVA. The monthly figures were calculated at the beginning of the term as usual. In the last few months, both the husband…
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Tax rebate and IVA
Hi all! I wonder if anyone can help here... my husband may be getting a tax rebate in the near future as it appears he has been paying company car tax for over 6 months, on a car he no longer has. We are in an IVA with payplan and I was wondering if anyone knows whether we would be able to keep this as it is money that we…
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When does an Iva drop off credit file?
This has probably been asked before, but before being declared BR I had an iva, this started in 2004, and for some reason has a satisfaction date of 2007 (unsure why as was never settled!!) I was told by my IP that the Iva would drop off my credit file 6 years after start of iva-is this correct?
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iva
I have been on a iva for 2years now paying £245 a month off a £32000 debt. Since this time i have not been contacted by my ip..I am with a company called moneydebtandcredit! i will b debt free on 04/05/2013.My question is should i contact them or just leave things be,as my finances have got better not by much, But i am…
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Charco IVA
Without all the unessessary details my wife and I started our accepted IVA in October and no problems. Can you clarify:- Our paperwork states that after 4 years we are to seak to free up all but 5K of the assets in our house for the creditors as part of the IVA but if we fail to secure a remortgage or loan, then the house…