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Has anybody done a DRO yet?
Seems to have gone quiet on the DRO front.... Has anybody done one, what happens? :D
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3rd Year of IVA, now THESIS SERVICING/Link Financial Services Chasing me
Hello, I hope I have entered this into the right section as it is my 1st forum posting. I will try to keep it short. Basically, I entered into an IVA in August 2006 and have kept all payments up to date with no issues. However, last year one of my three student loans (which had been formally agreed by the SLC to form a…
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Suggestions for this board please?
Hi. :) Since this is a brand new board I thought it would be good to start a thread to see what people want here. So.........* What sort of information should be stickied or linked to? * Are there any threads on the Debt-Free Wannabe or Bankruptcy & Living With It board that you want (or think should be) moved here? *…
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Maternity payment break & new partner earnings
Hi all I have a couple of questions I hope you can help me with. Firstly I am due my first IVA annual review this month - 6 months ago I moved in with new bf (I did notify cccs of this and send a new SOA and they were happy to leave my payments as is until my review). I don't want my bfs earnings to be taken into account…
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Car on HP and IVA
Hi All, Hope you can help, I'm about to embark on an IVA and have a car worth £14k with £18.5k o/s. I don't want or need the car anymore and the monthly payment is £400.00 Can I just give it back? Will the shortfall be included in my IVA?
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Dro
Has anyone actually got a DRO yet?
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Pre-DRO discounts offered by DCAs
Not sure if anyone else has noticed a rather interesting side effect of the recently introduced DRO, namely DCAs (Debt Vultures) are starting to offer discounts on debts owed. In the last week two debt collectors have phoned me, both offering a 50% discount on monies owed. So, even if you either don’t quality or don’t wish…
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Pre-DRO discounts offered by DCAs
Not sure if anyone else has noticed a rather interesting side effect of the recently introduced DRO, namely DCAs (Debt Vultures) are starting to offer discounts on debts owed. In the last week two debt collectors have phoned me, both offering a 50% discount on monies owed. So, even if you either don’t quality or don’t wish…
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First steps
Hi there, I have just come off the phone to the CCCS and they have suggested a IVA. We owe £82,000. I have a couple of questions. The nice lady on the phone told me that I need a basic bank account. Can anyone recommend a bank that would offer an account specifically for doing IVA's or do all banks allow you to open an…
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IVA & BR request
Can I request my IVA administarotrs to make my wife and I bankrupt? (Other than default the monthly payments) It has been running for a year so provision for BR will have already been taken out of this.. :o
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IVAs and Personal Gaurantees
Hello, I hope that someone can help me with this question. My business went bust last September leaving me with some quite considerable debt. Included in the overall debt is around £35K owing to two banks for which myself and my former business partner signed a personal gaurantee. The PGs are "joint and several" meaning…
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IVAand reclaiming charges from RBS
Has anyone who is in an IVA managed to claim back from Royal Bank of Scotland? I have requested the refund but they have refused as I am in a live IVA, and suggestions? Thans
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Dro - 'normal household expenses???'
Hiya, can somebody help me please - I'm going round in circles. Want to apply for DRO's (1 for myself and 1 for my husband) but can not afford to loose the £90's if the OR deems we have more than £50 a mth left after 'normal household expenses'. Does anyone know what normal household expenses are? We have 3 children and I…
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IVA Help Please
Hi This is my first ever post so forgive any errors or missunderstandings. I entered into an IVA 2 years ago, at the time I had unsecured debts of £70,000 after a disasterous couple of years and an expensive divorce. I have a good job and also act as a part time director for a company hence my need to avoid banckruptcy. My…
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advice please with house buying after iva is settled (completion certifcate pending)
Hello there, im a new one here but could do with some advice, i have last month settled my iva with a full and final offer to the ip, this went to the creditors meeting and was accepted, i am yet to receive my completion certifcate, this is where i get concerned though, my nan has now offered to buy me and my brother…
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DRO: Your Experiences With Debt Relief Orders
After so long trying I finally managed to get through to the national debtline and talked to a lovely man about my circumstances and one of the thigns he mentioned was a DRO. He said there was a backlog and a few teething problems with them and I was wondering if anyone could please give us their experiences so far - if…
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is iva an option?
hi, im 27 and thinking of goingto unniversity in september as i am stuck in a dead-end job and need a change of career. the only problem is that i owe around £13,000 on a loan, £2,000 on a credit card, and £750 in my overdraft and am paying a mortgage. I am going to move back into my parents house while i study the 3 year…
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IVA Review - 2 years on
I've been on an IVA for the past 2 years and my arrangement is currently up for annual review. In the last year I increased my payments from £400 to £500 per month, and since this increase I have received another payrise giving me an extra £240 per month. Despite the budget the IVA allows me I am still finding things…
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yet another IVA question please
Ok, me again lol, ive told Payplan i wish to do an IVA with them, someone from their team is going to call me sometime this week to start things rolling - a weight off my mind that something is starting to happen, ive been reccomended i do an IVA even tho i just currently rent a house, some people have said this is not the…
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Documentation for an IVA
I have just taken out an IVA because my debt was getting out of control. This was taken out with the Debt Advisory Line company. However, they have asked me for a copy of my log book for my car to prove I am not driving an expensive car and have also informed me that they need me to send them a copy of my wage slip and…