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Payday Loans while in IVA..HELP!
So, due to some unforeseen car incidents and other expenditure i needed to get a payday loan...i am currently in an IVA but the thing is i have fallen fowl of the payday loan cycle and i have no money once my wages are paid in...that means i need to get another payday loan to survive on and it continues...on top of that i…
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Short-Term IVA and Credit File
Hi all, Bit of a "stab in the dark" type query if I could. I entered into a short-term IVA in January 2007. The IVA was agreed to run until August that year at which time I would pay a substantial one-off payment (from redundancy) and the IVA would end. All was completed as agreed and all payments were made without any…
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What is an IVA
If I was to go for an IVA do they clear just unsecured debts? I have a mortgage and a secured loan on my property which I can manage it is just the £30k of unsecured debt that I am struggling with.
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Protected Trust Deed - Student Loan Debt Exempt?
Hi, I have a Protected Trust Deed which is due to finish at the end of October this year. Recently I have started a new job and my most recent payslip listed £97.00 payment to the Student Loans Company. I gave them a call and they said that student loans are exempt from the normal creditors terms for a protected trust…
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Northern Rock will only agree to IVA if..
we change our mortgage to interest only for the life of iva, which NR insist on a 6year iva. We are using cccs, they said to us originally that they would have to canvass NR first as they are our majority debtor (we have together mortgage (30k loan on top of mortgage), so that was the result, we now have to decide if we…
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DRO help
hope this is the right place 2 questions on dro`s(debt relief orders) 1)can catalogue debts be included? 2)can you continue to have your existing current bank account(no overdraft)for paying d/debits etc? thanks John
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iva question
Hi peeps Would a loan of say a month old be ok to include in a iva? me and the missus are getting back together and need debt management asap but worried about the loan she has taken out since the split? cheers
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Your IVA Co. Woukd you recommend them?
Hello Would you recommend to others the company that set up your IVA? Are you happy with the service, do you have any regrets? I am seriously considering this option, I do not think there is another way forward for us, I have heard a few companies mentioned here and I would appreciate any recommendations, on this thread or…
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insolvency register andd iva
what is the situation if you have been in an iva for just ove 3 years yet still have not been placedd on the insolvency register and no record of the iva on a credit report?
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iva
does anybody know if although being married can i do an iva myself without involving my wifes finances as all her cash goes toward her own debts
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Help, I'm really struggling with my IVA.
I am struggling to pay my IVA each month at the moment. Can I reduce the payments each month? Can I end my IVA early without becoming bankrupt? Bankruptcy, although probably would be better for me right now, is not an option as I am going to be going for a CIMA qualification next year.
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Debt Relief order please help
:eek: Hi there, i have a bank loan of over £7000 and hope to get a DRO. I have just been made redundant and am supporting my wife and 2 young kids. We rent a house and have no savings. However we have a computer at home and my wife has a camera worth about £300 which she bought to try and start a photography business.…
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Scottish Trust Deeds - confused
Hi I'm new to the Scottish Trust Deeds site. I've got a few questions. I've tried to get a remortgage - I've got a mortgage and a secured loan on the house. The remortgage was with a different mortgage company but they undervalued the house by approx £25K, saying that as no houses like ours had sold since 2004 they…
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Failed IVA, What next
Hi all, my wife and I have just failed our IVA and are at our witts end as to where to go now, We were paying our IVA without any problems for 3.5 years until my wife lost her job in May 2009, we were unable to meet our payments and eventually our IVA was failed. Since then, my wife has fallen pregnant and I have had to…
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Advice needed please
Between myself and my husband we have debts of nearly £26k. He is self employed, im a student we have 4 kids and do not own our own home. He has a van for work and i have a car for uni (which we both NEED) We are struggling each month to pay everything, have defaulted a few times on various debts and don't have enough…
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Anybody on here
Been on a DMP for any length of time. Thinking of going down this route myself and just wondered how others find it. I have approx £80,000 worth of debt and am looking to pay it off over the next 8 years if I decide to go this way and if they accept it. Business is slowly starting to wake up at last. John
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What's the difference
Between a DAS and a DMP other than interest is frozen. Seems a better idea than a DMP so what's the downside?? John
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More DRO competent authorities
Hi all, Just to let you all know that there are now 3 additional organisations who can proccess your DRO.:beer: They are; Insolvency Practitioners Association. Advice UK. Shelter. Sorry if someone beat me to it ! DD
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Please help with IVA advice
Hello An IVA is something I have very recently considered without really knowing what it means. I telephoned the first number that comes up on Google when you type in IVA, I thought they were connected to Citizens Advice but they were quick to point out there is no connection. Nevertheless I gave them my income &…
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Debt Arrangement Scheme - Scotland
In a debt arrangement scheme (Scotland) is your house protected - ie can your house forcebly be sold to pay off any part of your debt?