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DRO and bank accounts
Hello, I am likely about to go through the process of setting up a DRO. I have spoken to Step Change and have done a lot of research, including reading through many of the posts on this forum, so I'm confident that I'm fairly well informed about what I'm getting into. One area that I'm still a little concerned about is…
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Clear start
I had a discussion today with national debt line, they put me in touch with a firm of accountants called clear start, has anyone had dealings with this company
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DRO complete
Good afternoon I didnt think i would be asking for advice quite so soon 😂. I bet you thought you would be rid of me now haha. I am now 1 week discharged from my DRO and have started to get notice of sums in arrears for debts that were included in my DRO, would it take them a while to realise its been a year to stop…
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Bad credit despite settled IVA
Hi. I successfully completed an IVA in 2017 which was agreed by all debtors. Yet one of the debts, a personal loan, is still showing as unpaid on my credit report and my credit report remains poor. Apart from mortgage and mobile phone and one store card I have no other current debt. I have no overdraft or credit cards.…
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Approached by IVA company for potential Sprout Loan
I am dead on 30 months into my IVA term and had a phone call from my IP today (Jarvis/Debt Movement) to discuss a potential sprout loan to repay my IVA off early. I am expecting a call tomorrow from Sprout who will give me the details and see if I am eligible. My IP said I have the potential to have the loan as I have made…
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Wording on iva termination?
There's a part that says Claims Per statement if affairs 24422.55 Recieved to date 24652.03 Outstanding 400.00 What does this mean??? I need to pay 400 I only now owe 400 Which can't be right very confused
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IVA closure fees £300
I’ve contacted Hannover Insolvency a few times in the past to see if I could pay my off my IVA with money which would be gifted to me. They required photo ID and a letter as well as bank statements from the person gifting the money to me, which isn’t a problem but made it less of an incentive to the 3rd party. I was…
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DRO-Used credit last month
Hello, I am currently going through DRO process with StepChange. I used 2 of my credit cards last month will this affect the DRO being approved, should I wait to proceed? The transactions where of course before I got debt advice. I’m currently only 1 month behind on payments my situation has changed dramatically so I’m no…
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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…
