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Cutyourdebt.co.uk
HI Everyone!:A This is my first time here. Has anyone used Cutyourdebt.co.uk? I found them via one of the cashback sites I have been using. I have 5 credit cards, 1 overdraft that I need to sort! My work contract has just finished and I'm on the net trying to set up my website to earn some cash. I have learn't alot from…
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In an IVA already, unsure if it was the best option?
Hi, Ive been in an IVA for over 2 years, Ive kept up with payments apart from a 2 month period while I moved house. This was taken into account and I have increased payments to compensate. My original debt was around 19K and I started out paying 265p/m and pay 330p/m now. I am unsure as to wether an IVA was the best option…
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Can I enter into an IVA if i'm unemployed ?
I'm stressed to the eye balls with my debt I was managing it really well paying reduced payments to my creditors. I was really prood of myself for getting on top of my debt and getting creditors to let me pay the lowest payments. Recently though my utility bills have got higher, so I've now tried to tweak a few things to…
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Why oh why do things go wrong
We are almost 12 months into our IVA and all is going well and I do thank God that it was approved, however, I have now had problems with my car £260 for a repair, MOT and service and I have now been told the clutch is slipping and this will cost me a further £320. Just when I thought things may start getting a bit easier…
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Just finished my trust deed and need help
Hi, My trust deed has just finished and my wife and i never missed any of the 36payments. When we signed into the TD the house had no equity and we paid £500 each to have the TD secured. The house during the 3yrs in the trust deed has gone up in value and we now have approx 40k in equity...can anyone answer the following…
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IVA turns into nightmare
Please bear with me on this, my story is fairly long but has an important message for anyone considering an IVA Back in late 2006, I got myself into financial trouble. Getting desperate, and with no idea of the help available, I set up an IVA with Debtmatters, paying a set amount of £332 per month, meaning that out of an…
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Iva Or Bankruptcy.. What A Mess!
Hello all, I've not posted here before so be gentle! Basically I've got myself into a complete mess, and yes some of it is my stupid fault. I'm not proud of it, but i am where i am. I've read similar posts but not quite as complicated as mine.. and havent found any answers either. I'll try and explain without going into…
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IVA debt not included
I wondered if anyone could help, a friend of mine entered in to an IVA last year paying a one off fee rather than spreading it over the 5 years, since then a letter has arrived from hillesden securities for a debt that was not included in the IVA, my friend had written to hillesden acting on behalf of citifinancial in 2007…
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Help! Will my redundancy money be swallowed?
Hi, I am a new poster and need advice on my dire financial situation. I was about to proceed with an IVA when I was unexpectedly made redundant. This has given me the equivalent of two months wages. I work in quite a specialised field and know there is very little real prospect of finding work in the current climate. I…
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Right to Offset - Grouped Banks
Hello, I am in the process of setting up a DMP and have tried to set up a parachute bank account. I have a loan with RBS and have attempted to set up an account with Natwest. As the latter is linked to RBS should I avoid concluding the application with Natwest? I am concerned by a banks' "right of offset" and take any…
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Recent;ly Seperated Husband Doing Iva - Help!
My husband has recently lest me an dour 2 kids and moved in with another woman. I have a loan (only started in jan 09) for £9000 with Lloyds who we also have our current account with. We have a joint loan of £18000 with Tesco (started Sept 08) and my husband has a lloyds loan of £19000 (the 1st payment has not even been…
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IVA Questions
My debt is £18k and just spoken to Baines & Ernst(??) who think this may be the right way to go. My student loan (old style) means it comes £25k which I know can't be included but is part of my expenses (£157 per month). I've not been managing on current income and have reverted to credit and payday loans to get by…
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Offering lump sum as full and final payment
I am fortunately in a position where I can offer my creditors a reduced full and final settlement payment to clear my debts ie about 50% of full amaounts owing. Is this the best way to go as being unemployed with overheads exceeding income I cannot keep up monthly payments without eating into remaining lump sum. I thought…
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Hsbc refused our IVA offer
We are absolutly gutted and don't know which way to turn now. After struggling for the past 4yrs with paying my ex £55k to save my home family home, redundancy, children moving out and loss of benefits and the increase in intrest rates, HSBC decided the week before christmas to withdraw our overdraft and then told us we…
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IVA help and advice please?
Hello, About 18 months ago I was going through the processes of starting an IVA. I had debts up to my eyeballs. My debts are astronomical, especially considering I have little to show for it. At present, I do not have a list of my debts to hand, but will get a credit report to list them. As the IVA process was starting to…
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what is a debt relief order?
have been informed about this and am wondering if anyone has any more information and whether it will be of any help to a few on this board... Plans to Bring Debt Relief to the Socially Excluded The Draft Tribunals, Courts and Enforcement Bill published by the Department for Constitutional Affairs (DCA) includes proposals…
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Can IVA company mistake benefit me?
I recently contacted an IVA company to discuss my debts and a possible outcome to reduce them. They sent me 2 packs through. Upon opening them I discovered two seperate peoples details had been sent to me, whichc included bank statements, wage slips, and debt details including names and phone numbers etc on them. What…
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Grant Thornton took a year to settle
I was lucky enough to come into some money a year or so into my IVA. I asked my then acting party Debt Matters to offer a settlement to my creditors. I transfered 10k to DM after they told me my creditors has accepted. DM wrote to me and said it was all on track, and my account was promptly transfered to Grant Thornton.…
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IVA will it impact my live in girlfriend?
Hi, Well I decided to speak to the CCCS and had a quick chat with a very nice guy. He said that he will call me for longer chat next week and told me I needed to have all my financials to hand, however he also said that he wanted my girlfiends details such as her wages and how much she pays towards things. Now this is a…
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IVA question
Hi Not sure if anyone can help but my mum has an IVA which she has been paying just over a year, she didn't declare all her debt as wanted to try to pay some off but is now struggling! it is only about another £1000/1500, she is making minimum payments on catalogues but obviously the interest is keeping it going, can she…