We'd like to remind Forumites to please avoid political debate on the Forum... Read More » This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

IVA & DRO

Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).

What is my likely hood of getting a mortgage or car finance?
Hello, i'm new to here! Just a bit of background info in 2013-2016 I racked up some debt whilst at University. Not wanting to ask for help I sorted this out myself and entered into and IVA June 2016. After my parents finding out the IVA was paid off June May 2017 and marked as complete. It will be 6 years since it started…
DRO - STUDENT FINANCE
Hi there Myself and husband are looking at taking a DRO each. However could anyone tell me what happens when I receive my payments from student finance. I have already received 2, and I am due one in August of 1800 £1500 of which is s Welsh government grant and the rest a maintenance loan. I won't have another until oct…
Debt
My partner has run up nearly £20000 debt 3 credit cards 1 loan and overdraft he has called a place called debt advice expert who have advised for him to do an Iva he is now living at his mums has I can’t trust him is this debt advice expert a company who charge I’m unsure has he was advised to ring step change but called…
CCJ while in an IVA
I went into an iva during 2012 and this was completed in 2019. During 2016 one of the creditors of the iva applied for a CCJ but as paperwork went to a wrong address I knew nothing about it until they tried to enforce it. I wrote to the court and I received a letter back saying no enforcement could take place due to the…
IVA & CAR UPGRADE
Good morning, I hope you can help. Myself and my husband have an iva, but our car finance is not included on it. We are with Black horse, and have are wanting to possibly upgrade, as our car is starting to give us issues. I am wondering if anyone knows if that is possible or not? We have spoken to our IP who said that as…
Help needed please
Hi, I'm a long term reader of this forum, and now I'm hoping you can give me some advice. My partner got me into a lot of debt regarding a gambling problem. I didn't know about this until it was too late and now have a CCJ against my name along with approx £20,000 worth of debt, this all happened whilst I was on maternity…
In IVA considering Bankruptcy
Hi, My partner and I are in a joint IVA which started in 2018. We've had 9 months payment holidays and it is now meant to end in June 2024. However, things have gotten more complicated. I was made redundant due to Covid lockdowns and I am still looking for employment. We receive some Universal Credit which is a huge help,…
Having issues because of an Iva
My husband is getting a mortgage. He got accepted with a dip, but after around 6 weeks, his financial advisor has said that there’s some issues as I have an Iva. I’m not going on the mortgage bearing in mind. The financial advisor has said he’s trying to fight the case, but is putting into another mortgage company and is…
Debt relief order and mobile phone contacts.
I am thinking about applying for a dro can anyone tell me if I can include mobile phone contracts in it.?
Iva and partner moving in
Hi I’m hoping someone can possibly offer me some advice, I’m on an Iva almost 2 years in, I work part time and receive tax credits which obviously all counts towards income etc. My question is if my partner moves in with me in the future, my tax credit application then needs to be a joint claim with my partner - how does…
IVA Annual Review & Gambling
I'm 28 and had my first annual IVA review in April 2021, currently paying £150 a month. Debts came to around 26,000 just from credit cards, loans, store credit etc. No mortgage, never owned a car so that's fortunate, I think. They asked for last three months' bank statements and payslips, and to review your income and…
Mortgage after IVA
Hi all, having a nightmare here so hoping for advice. looking to sell my property and with the equity in my property clear some debts and out a deposit down. I have debts and my other half completed an IVA in October 2019 (it’s come off his file). Can anyone reccomend a broker that can help and not muck us about?
Help needed!!
Hi, brief history. I entered an IVA in September 2018 and haven’t checked anything to do with my credit report until recently. I was under the knowledge that any lenders in my IVA had to put the account into default which would stop my report showing any missed payments. All the lenders involved have done this except amigo…
Creditors meeting 5th Jan
Hello all, Been watching this forum for some time now and finally ready to post about it. I have been struggling with debt for a while and actually came to the realisation this year mainly sped up by COVID and furlough situations etc. Anyway I have been dealing with Stepchange and they have been amazing. I can’t thank them…
Re mortgage during iva for full and final offer
Hi I've been thinking about trying to end IVA early by remortgaging. I have equity in my property and would need to attempt this anyway towards the end. I am paying £340 a month into the iva, have 16 months left plus i will need to pay another year or release equity. I have recently got my mortgage statement and have…
iva answer or not
I am waiting for the DRO increase to come in place. I understand my iva must be failed before I can do this. I have my payed my iva for 2 months now . This past week they have constantly rang and left voicemail. Do I return their call and let them know my plan or just leave it a bit longer? Or send them confirmation now I…
IVA DLA & UNIVERSAL CREDIT
Hi All I have just entered into an IVA through payplan. The original agreement took into account my son's DLA money and offset the whole amount to his care needs. Since then I realised my son was also entitled to an additional elememt of Universal Credit. I informed payplan and they have increased my monthly payments…
Moving home
Good afternoon Currently in a DRO, due to finish September. Myself, partner and toddler have just been accepted for a house move through an agent, we have a close friend that has been incredible and offered to be a guarantor on my part. My partner of 3 years is really really careful with money so no chance of my guarantor…
IVA help
Hi all, Long story short I need to look into an IVA. Due to Covid and being off work for nearly 12 months I have massively struggled with keeping afloat. Who am I best getting one with? There are so many companies when I search IVAs in google. Also how impossible is it to move house whilst still in one? If we have equity…
Student loans while In an IVA
I posted a while ago about getting student loans and maintenance loans whilst on an IVA. I got a maintenance loan which got paid into my bank (around £1500 over the course of the year). However, I never bothered to phone up Student Finance before I started getting the payments made to cancel them. This got paid into my…

★ ★ ★ Meet your Ambassadors

Confirm your email address to Create Threads and Reply

MSE News

Winter Fuel Payments to be reinstated for millions – Martin Lewis explains how it'll work, what it means and if it's an improvement
All State Pensioners in England and Wales will receive a Winter Fuel Payment this winter, though those who earn over £35,000 will see it clawed back through the tax system. It means nine million pensioners will get the £200 or £300 top-up. Here MoneySavingExpert.com founder Martin Lewis shares his instant response and analysis, and we include answers to your key questions.
Winter Fuel Payments to be reinstated for millions – Martin Lewis explains how it'll work, what it means and if it's an improvement
All State Pensioners in England and Wales will receive a Winter Fuel Payments this winter, though those who earn over £35,000 will see it clawed back through the tax system. It means nine million pensioners will get the £200 or £300 top-up. Here MoneySavingExpert.com founder Martin Lewis shares his instant response and analysis, and we include answers to your key questions.
Which NatWest and RBS branches are closing from 2025? Here's the full list – and banking alternatives
NatWest and Royal Bank of Scotland (RBS), which are both part of the NatWest Group, will shut at least 108 of their bank branches in 2025 and beyond, after the Group announced a further 52 NatWest closures.
Winter Fuel Payments to be reinstated for millions – Martin Lewis explains how it'll work, what it means and if it's an improvement
Winter Fuel Payments will be reinstated to all pensioners in England and Wales this winter – but will be clawed back automatically from those earning over £35,000 a year, the Government has confirmed. It means nine million pensioners will get the £200 or £300 top-up. MoneySavingExpert.com founder Martin Lewis shares his instant response and analysis.
Car finance mis-selling update: regulator prepares for compensation scheme – and warns against using claims firms
Payouts for mis-sold car finance could be another step closer as the financial regulator has set out the factors it will consider if it were to introduce an industry-wide redress scheme – though we won't know more about how this will work until after a key Supreme Court decision expected in July. In the meantime, the regulator has warned that you DON'T need to sign up with a claims firm to be included.
Winter Fuel Payments to be extended to pensioners earning £35,000 or less – here's what we know so far
Winter Fuel Payments will be extended to all pensioners with incomes of £35,000 or less this winter, the Government has confirmed. It means nine million pensioners will get the £200 or £300 top-up.
Winter Fuel Payments extension confirmed for this winter – watch Martin Lewis' instant response and his message to the Chancellor
Winter Fuel Payments will be extended to more pensioners this winter – though not to everyone – the Chancellor has today confirmed. However, exact details of who will now qualify still remain scant. Watch MoneySavingExpert.com founder Martin Lewis give his instant response, as well as his key message for Rachel Reeves.
Nationwide Fairer Share: Free £100 bonus confirmed for 2025 – here's who will get it
If you bank with Nationwide, you could get a free £100 paid into your account in June or July as part of the building society's 'Fairer Share' scheme. The bonus will be paid to millions of its current account customers who also have savings or a mortgage with it.
Forced onto a prepay energy meter? You may be due money back as 10,000s to be compensated
If you had an energy prepayment meter forcibly installed or your smart meter was remotely switched to prepay mode without your permission, you could be entitled to compensation of up to £1,000 and may even be eligible to have your energy debts written off.

View All

IVA & DRO

Confirm your email address to Create Threads and Reply

🚀 Getting Started

Categories

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free

IVA & DRO

Discussion List

Confirm your email address to Create Threads and Reply

🚀 Getting Started

Categories

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free