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After a DRO..
Hi Everyone! Thanks to support on here, in November 2018 I was successful in applying for a DRO. The moratorium period ended in November 2019. I have had a look on my credit file, and none of the debts included have been marked either with the 'correct' default date, or marked default at all. I only checked because I was…
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IVA - paying more to CreditFix than is owed
Hi,A friend of mine is almost 4 years into an IVA with CreditFix. Total debts of £5,500 were included in the IVA and it was agreed she would pay £5,100 over the five years. However, she has only quite recently realised that the total debt amount in the IVA has reduced to £4,500. This is due to £1,000 of debts owed to…
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Thank you
Good evening all That time has come for me to spread my wings, my DRO was granted 22/9/2020 so therefore my last day will be tomorrow, with no issues. I just want to say thank you to you for the support, guidance and advise you have given me. I was a total mess when i was going through the worst at the beginning , but can…
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Asset query, Bitcoin
Hello, Just a query about assets and DROs, please. Ahead of a DRO application, I am listing/counting all assets I have. I have a Coinbase account where I put £75 in back in early 2021, and it is now valued a little higher. As you know, crypto values go up and down, but my fear for any DRO is what happens if the value of…
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IVA and Charging Order B4
Hi all I have a debt from 2009 in my sole name from London and Surrey Car Finance. They have put a charging order on the property and have passed the debt to Greenhalgh Solicitors to manage. They keep chasing me to put my payments up and asked me to provide bank statements and an expenditure form which is more basic then…
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Is my DRO complete?
I was accepted for a DRO a year ago today. On my insolvency register record it now says the following: "Currently Subject To Debt Relief Order : Moratorium Period ended on 14 September 2021" What does 'Moratorium Period ended' mean? Does this mean my DRO is now complete and I'm free of the debts?
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Should I apply for a DRO?
Hey everyone, I've spoke to an advisor at CAB and they are going to get back to me regarding I should apply for a DRO or not. Long story short I owe about 24000 on 2 loans and a credit card, one loan has about 2 years on it and one had about 5 years, sadly these were took out when finances weren't an issue, but due to…
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Car whilst in an IVA?
My friend is moving abroad as soon as all the travel restrictions are lifted and visa is processed. As he and his girlfriend are saving as much as possible, they are down to using one car and gave me the other one for free. It's only a cheap run around and an 05' plate. In my proposal, the IVA woman put I spend £148 on…
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Dro help please
I am in a mess, 5 children , poor mental health diagnosed with borderline personality disorder. Gotten into a lot of debt and considering a Dro . whats stopping me is last year my mum paid for a new car on the understanding I pay her back over the next 6 years. It was 6k for the car and I need it because I live in a remote…
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DRO process
Hello all, Yesterday I have gone through income & expenditure with payplan. They suggested a DRO I have informed them today that I would like to go ahead. My questions are what happens now? They said someone from the DRO team will contact me. What do they go through? I have just opened a new current account, will they…
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About to start the DRO process… nervous & questions?
Hi all, new poster, long time lurker! I am about to start the debt relief order process, I tried to do it 1 year ago but was over the 20k limit. I’m quite nervous, it’s quite a bit thing. At the minute I’m not working, my partner who lives with me works so on my budget sheet I have wrote down what he brings in and what…
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o2 Mobile account has to be included?
Hi I am about to send off my application for DRO shortly, but I have been advised that because o2 list their handsets as a loan this has to be included in my DRO and that o2 may cancel my account altogether because of this. Does anyone know if there is any way around this at all? I have been with o2 for around 10 years and…
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What costs are allowable on an income and expenditure sheet?
Hello, everyone. Just a question about costs on an income and expenditure sheet (statement of account?), please. When submitting an income and expenditure sheet to creditors, what costs are allowed? I ask because the range of spreadsheets out there online differ, with some specifying more than others, and some with just…
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Iva to Dro?
Sooo, My circumstances have changed since starting my IVA. I have my baby due in november.. literally found out was expecting the day my iva started.. I opted for the Iva as at 23k debt did not qualify for Dro back in december when i first sought help to get out of debt. Otherwise i would have liked to have gone down the…
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Mortgage during IVA term
Hi. I took out an IVA last year. My partner and I are joint mortgage holders on a property but we have now decided to separate. My partner is planning to release equity from our property in order to buy me out. If I pay off my IVA and have enough for a deposit on a new property, would I be able to get a mortgage given that…
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Change of circumstances during IVA
My English is quite poor so I'll try to put it simple in hope you'll understand what I'm trying to ask. I've just started my IVA with monthly payment of 70£ and earnings of 1700£ but due to change of circumstances I'll be earning around 2500£ per month now as I understand I will pay around 300£ extra to my creditors each…
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IVA Settled Query..
Hi all, I was in a position yesterday to settle my IVA in full. However, the insolvency company, though confirming they have received the funds, have said this is now with their closure team... and stated i'll receive my completion report once the account is successfully closed - also that this process takes 3-6 months. Is…
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DRO query
Hello, all. Just a query about a DRO, please. I am considering applying for a DRO, but something has come up and which has stumped me a little. I have been in touch with two of my three creditors (two credit cards, and one a friend) about my situation over the last few years and haven't paid anything due to my low paid…
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IVA early settlement advice
Hi all, i can see this has been asked many times over the years but i would appreciate your impatial advise and expertise. For a bit of background... I have an IVA after my family business closed down. I am about 18 months in to it the agreement. The IVA is for around £70,000. Since all the really difficult times have…
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DRO and Employment
Hi all, I "may" have the possiblity of getting a job before my DRO is finished, so my question is this: At the moment my flatmate is allowing me to live here for a hugely reduced rate while I am on UC, if I do get a job my flatmate has made it clear that I will have to stump up more. So I know I would have to tell the…
