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Applying for DRO
Hi I'm currently in approx £15k debt, possibly more. Multiple creditors, council, HMRC and my landlord. I was in talks with a debt advisor back in March at my local council and she wasn't going to put me forward for a DRO but I got scared and backed out. Last week I received yet another letter from the courts regarding a…
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Unfair IVA managers?
We entered an IVA for personal and business in 2018. At the beginning the managers said they would cap their costs because we are in bad shape. It has been a long drawn out affair, selling properties was difficult before the virus but now we have them back on the market, fingers crossed! My problem is the managers are now…
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Considering cancelling my IVA
I have, so far, paid 35 payments to my IVA. Recently I have been lucky enough to secure a new job with quite an increase in salary. As a result, my IVA review has determined that my payments need to increase by almost £400 a month. Having done the (basic) sums, I think that I will be paying more back than I actually owe to…
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Mis Sold IVA Help
Can anyone help with how I would go about a mis sold IVA? The IVA was taken out in August 2018 with CreditFix who pushed the IVA on to me & made me lie on my expenditure form. They contacted me first, I was 19 at the time and didn’t know what I was getting myself into. I paid the IVA off in full in November 2020 which was…
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IVA - was I mis sold?
I entered into an IVA in December 2020 after getting into some financial difficulty. When I contacted a Debt Advice company, I wasn't aware of what an IVA was and was initially looking to consolidate my loans. I was quickly advised that the best option for me was an IVA as it is the quickest, easiest way to clear debt and…
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DRO?
Hi. I've been a fool and got myself about £18500 worth of debt. After an incomings and outgoings review I'm left with about £50 per month so I qualify for a DRO but I have been told that they are more complicated than they seem. I'm on £20000 per year and if I get a better paid job within the DRO time period (usually a…
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Iva and car finance
Hi all, I recently started my IVA in may of this year. I have a car on pcp finance that I started on November 2020. I was under the impression, thanks to my iva company, that I would be able to take another car out when this has finished. After doing some research it seems this is very unlikely! however, my balloon payment…
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Debt included in DRO sold
Hello I’m hoping someone may be able to provide me with some advice. Due to debts which she couldn’t pay my sister has a debt relief order which started in April. Two credit cards she had with Virgin were included in this. However since the debt relief order virgin have continued to call and write to her asking for payment…
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Contemplating a DRO
I have approximately £6,000 of debt, the majority being credit cards. My hours at work have been drastically cut, so I am no longer able to keep up the repayments on these cards and a few other debts. Before I go ahead with my DRO, I wondered what details I need concerning my credit cards when I fill in the forms?…
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Dwp overpayment under dro
Hi I'm looking for some advice if possible. I entered into a dro back in 2014 which has now been fulfilled for many years. One of the creditors was hmrc, they passed the debt onto drysden fox who I then contacted with my dro & they passed my case back to hmrc. I then received a letter from rossendales to say they were…
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FCA take action on IVA lead generators
https://www.fca.org.uk/news/press-releases/fca-takes-action-against-debt-packager-firms It's a start...
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Taking someone to court who has an IVA
I was looking to start a claim for money from a builder who completely messed up an extension on my house. I have recently found out they entered into an IVA and I can see they are on the Individual Insolvency Register. Is it possible for me to still bring a court case against them? I believe they were aware that I was…
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DMP Marker Help
Apologies of I'm posting in the wrong place. I can't find answer to this anywhere... Many years ago I got into a lot of debt. Those debts were defaulted and I've almost completed paying them all off through a DMP. I've noticed one debt was never defaulted but instead marked with a DMP flag. I have contacted the company to…
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DRO LIMIT INCREASE???
I have seen here the limit is increasing does anyone know if that's correct . Also do they still freeze banks and go through everything like bankruptcy or is it much easier to get. I'm in limbo at the moment just want it over with
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Moved: Need advise
This discussion has been moved.
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Confused and unsure what to do getting an IVA
Hi, I’ve spoken to the debt advice helpline and they’ve said my only option is to get an IVA. I currently have 16k on a loan and 14k over 4 credit cards. It’s just snowballed with getting a house,having a baby then covid hitting ( he was furloughed then changed jobs) Me and my husband work full time and have stable jobs.…
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Debt Management Company lets me down
I had a number of outstanding credit card balances due to unfortunate circumstances which were being dealt with by a debt management company that I appointed. The balances were frozen with agreement by the creditors and I arranged to pay them back through this company each month over 2 years. I have diligently paid back…
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Aperture/Debt Movement IVA
I am hoping some one can help me or share any experiences of the above "company" or offer me any advice in dealing with them. Initially I dealt with Aperture now I have had correspondence from Debt Movement but upon contacting them they have directed me back to Aperture. I have a settled IVA which is being managed by the…
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Moved: Debts
This discussion has been moved.
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Secret debt
Hi, Ive just joined looking for advice. I currently have debt totalling £23,000. I have spent the last year with my head in the sand ignoring it. I recently started the process of a dmp although this is not set up. I have read this weekend that the rules regarding dro’s have changed. I believe this to be my best option at…
