IVA & DRO

Hello all, It’s been a while since I’ve been on this thread. Just been plodding along with the IVA. I’m 10 months in (11 in a few weeks time) is this okay to offer a full and final settlement? I have many personal reasons as to why I want to just finish this IVA asap and a family member is willing to pay this off for me.…

Hi All, I have an IVA with CreditFix which started in March 2021. I have approx £24k of debt with them. Just after my IVA started, I met someone, and as of November, he started living with me. He earns 2.5 times more than I do - he earns 60k a year, whilst my income is 24k. CreditFix have emailed me today saying it's time…

I'm looking through my late father's IVA . Completed in 2016 and my father sadly passed away in 2017.. Still in 2021 they took a ppi that come to light I have a few questions they might be a bit random so I apoligise in advance. 1. How long does an IVA stay in trust. 2. Should annual statements of any monies still going…

In an iva and needed a bit of help this month. Ended up getting a tymit card which i can pay off in full qt the end of the month. My annual review is august so none of this will show on the 3 statements. Will i get away with this? I know its not right but its done now

My husband and I are starting to think about saving for a deposit for a house. I am 2 years into and IVA so not sure I can open a LISA, we are only able to save £250 a month at the moment anyway should my partner just open one in his name or should I open one anyway? thanks :)

Hi everyone I have a DRO and the 12 months ended in December and in that year I never heard anything from any of my creditors. Anyway one of the debts that went into my DRO was my NatWest overdraft and as soon as they found out they closed my accounts. Anyway I had a letter the other day saying I’ve gone over my overdraft…

hi all, going back several years I got into some financial trouble and entered into a IVA, I was paying the monthly charge every month with no payments missed, I then had some inheritance from my late mother and paid off the IVA early, I was told that I would receive a certificate of completion, this was last April and I…

Good afternoon Just after a bit of guidance please. I completed my DRO in September, just checked on the insolvency register to see if my name is on there and it isn't, obviously after the 3 months it has come off. I have just been asked by a creditor for proof of completion, albeit 3 months later. I don't have proof now…

Hi All, Happy New Year to you! Looking for some advice, I have been with Step Change for the last few years but last year I was on maternity, so they changed my DMP to token payments due to mat pay. Now it has been a year they have advised that I either contact my creditors to ask if they would accept token payments or go…

Hi All, My partner has an IVA with Step Change and due to a change in my circumstances I was able to make a 3rd party payment offer to close the arrangement for him. We arranged this in August and sorted the paper work and in Dec 2021 I received an email stating the final figure had been accepted and could I please pay. I…

Hi all! New here, looking for advice and everyone seems very helpful. Basically I currently have just under 10K debt across various creditors including an overdraft. I contacted a company (Money Advice) who told me of various options and initially I thought an IVA sounded like a good idea. However I've now been in touch…

I was accepted for a DRO and the 12 month period is coming to an end in the new year. I’m incapacitated for work and I’m concerned my sickness support payments increased during this period, could the Insolvency dept revoke my DRO? 

I have searched but can't seem to find the answer. If I enter Into an IVA for 60 months, during this time, can I still apply for a part time learner loan to study with the OU? Sorry if this has been discussed previously. Thanks

Hello all so today marks the end of my 12 month DRO period and I’m so happy!!! I feel like a massive weight has been lifted from my life and I’m looking forward to starting a brand new job next month!!!! I have been through a rough journey and if it hadn’t been for this brilliant forum I don’t know how I would of coped…

Hello, I've signed up to the forum as wanted some advice. I recently contacted a debt consolidation company to see if I could pay all my debts off and have one monthly payment. Then advised because of my credit history I wouldn't be able to. I'm currently not actually paying my debt down just paying the min due and using…

Hi I took out an IVA three years ago. Initially my monthly payments were £85, after a review they increased to £182 and then without any notification or change in income or circumstances leapt to £392. As part of this year's annual review i quires this. they have not answered my queries, but informed me the payments will…

Hello, I got an early settlement loan for my IVA, I received my completion certificate from the IVA company on the 7th of September and was told that my name would be removed from the Insolvency Register after 3 month. I know it has only been just over 3 month however my name is still on. Should I wait longer to see if it…

can any can anyone advise what to do? Scottish power refusing to update credit file post DRO and when disputes raised to update they are saying the amount is still payable. I have tried raising complaints with the company and raising disputes however keep getting the same spiel many help much appreciated 

My ex has applied for an IVA. We own a house together that is on the market through voluntary repossession. I have been told that I have to sign a form to protect the house from the IVA. The house is currently under offer at £20,000 more than the mortgage. Can anyone explain to me how this is going to affect any money that…

Hi All, I have cancelled my IVA by letting it fail as I now qualify for a DRO. The variation meeting to end my IVA agreement is on 25th January 21. My questions are: * How long after the variation will it take for my IVA to drop off the insolvency register * When can creditors start contacting me once the variation has…