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Discharge from IVA
Hi,I am new to this site so please be a bit understanding. My son was discharged from his IVA at the end of October 2008.He had kept to his arrangement faithfully,he was paying £300 per month.He has been in the RN since May 2007.How can he build up his Credit Rating ? Any advice would be helpfull. Thanks joe
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IVA or DMP??
Hi, I am in a quite considerable amount of debt (not through frivolity but a career plan that changed) as documented here: http://forums.moneysavingexpert.com/showthread.html?t=1245793 After doing much research, I'm now at the point where I don't think bankruptcy is the best option for me. I am now strongly considering a…
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Bank Charges and claiming at the end of IVA?
I am currently in the final 10 months of my IVA. When I get to the end of it, can I try and claim back charges for the 1 year previous to going into my IVA even though it would be mostly against Lloyds who were my major creditor? I know that most of my charges came in the year just before I went into my IVA, would they be…
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Overpayments on Mortages during IVA
Quick question. As the interests rates have gone down and i'm moving on my SVR soon, which is a lower interest rate than the fixed one, i was wondering if overpayments are allowed during your IVA? Have been payinh x amount for 2 years now, can afford it and have worked it into my budget during the IVA. I would like to keep…
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basic bank accounts
am entering into an iva, need business and personal bank accounts, anybody any suggestions?
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New on here and desperately need some advice
Hi all, i will get straight to the point, me partner and i entered into an IVA in august 08 with 27,000 debt, arrangement was to pay 266 a month, however i have not returned to work after maternity leave as company closed down and not been able to find anything at the moment, also my partner has had a reduction in hours…
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IVA?? Which company??
Hi all. I have looking at an IVA for some time no and have tried to avoid it by alternate means of sorting out my finances. This hasn't worked and 12months later I'm in more debt and really struggling to pay and now missing payments for the first time as there is no money left. I owe. GE money £11000 (part of money paid…
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Our SOA. Comments and advice please!
Me an my wife have got ourselves in a bit of a mess financially and are thinking of going for an IVA so would appreciate some comments please. Below is our SOA at present. We got in a mess last year when we had at extension done on our home. We borrowed the money from equity in the house, but then ran out of money and…
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IVA or Not - That is the question?!?
Hi Wonderful People! I'm new the forum but after looking at the good information I decided to give it a go... Basically here's the story: NR (Together.... cough..) Mortgage - Balance £92000 Secured Loan - £32000 Car HP - 12000 NR Together Unsecured Loan Portion - Balance £14000 Credit Card - £700 (14.9%) Credit Card - £680…
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income tax arrears ,can it be added to an iva?
hello everyone, i am in scotland so i know laws are a bit different ,but basically oh and i have a mortgage and we have just been hit with 10k back dated income tax ,along with that an overpayment of tax credits which could work out around 7k also over the last 3 years ,things were tight enough without this ,but basically…
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not sure what to do
Hi I spoke with the cccs today about my DMP basicly I owe about £23000 now and at my current rate of paying it off £165 a month I'm looking at another 11 years, I have had advice about going bankrupt before and was going to do this year but now i can afford to pay more a month from 105 to the now 165 so i have been advised…
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IVA - Getting married, will I give partner bad credit???
Hi There, I have an IVA that is due to end next summer. I got into the debt and the IVA before I met my partner. We have booked our wedding for this October and I have started to worry about the impact of the IVA. We live in rented accommodation and I give the IVA company yearly budget reviews. Will my bad credit affect my…
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Bankruptcy help
Hi ppl, really worried, i have an IVA and i haven't payed it since last year coz i cant afford it, they stuck me on a payment break, but now that is over, me and my wife have moved to this area about a year ago, my wife doesn't work and i pay all the bills from my wages, the IVA ppl sayin that they make me bankrupt, i'm…
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What To Do! - Bankruptcy or IVA with ex-marital home in question
Hello. need a little advice from you guys! Sorry its a bit of a story as to what I'm currently going through... I have approximately, £80k unsecured debt, half this debt is from a failed business that I gauranteed with the bank many years ago, currently with a lot of pressure from creditors. I'm employed in a new job on…
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IVA good idea for me?
Hi there. I have got myself in to a pickle and am considering taking out an IVA to put an end to my debt problems. I owe aprox £30,000 which is spread about on various credit cards, overdrafts, loan and store cards. I also owe aprox £20,000 on my student loan. It is becoming next to impossible to meet the payments and I…
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IVA's are finished, anyone for bankruptcy?
I am not a fan of IVA's, they are probably one of the biggest mis-selling scandals in this country, 6k fees, a real con, and the majority fail, leading to bankruptcy. Since equity has washed away from nearly everyone holding a mortgage wouldn't that make bankruptcy more viable since the Official Reciever will not have any…
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Question on current IVA
Hey all, I'm very new to all this, but have been using the forums for advice for a long time now. I'm currently 6 months into my IVA with partner and just have a few questions that keep coming up. When it comes to our review, how much of a monthly increase can we expect I've had a small pay rise, but at the moment do alot…
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second time iva....
does anybody have any knowledge of having a 2nd iva, my first one was paid in full and fully satisfied approx two and a half years ago, now need to look at doing another, any else been thru' this? or know anything about it?
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IVA and debit card
Is someone on an IVA allowed to have a debit card? I ask because I've opened a Nationwide Flexi account (before IVA has started) as recommended on these boards, but it is a cash card only.
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why does everyone appear to be against IVAs?
I started my IVA in November 2003, I got out early in 2006 by re-mortgaging and giving the creditors a 36p in the £1 offer which was accepted. The IVA was set up painlessly my the company based in Northern Ireland, and whilst it was being setup I had just one phone call from my creditors asking for payments. I suspect now…