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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…
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Do i get an IVA
I am really in need of some advice please. I have debt at the moment of about 11k on loan and CC. I have looked into an IVA but have muxed feelings. Please can someone advise if they have either had one or recommend one? Thank you
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Equity Release & Covid
Hi, I am in year 5 of my IVA and the company has contacted me re equity release. I don’t want to go down the road of remortgage but I am happy to continue to pay for another 12 months - I read somewhere that due to covid the debt management company can’t make you remortgage does anyone have any more info on this? Thanks
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Completed DRO. Need advice on credit record clean up.
Thanks to both StepChange and the help of posters here I applied for a DRO which was granted on 25 September 2019 and which completed on 25 September 2020. My credit file was something of a mess prior to the DRO completing (largely due to some debts still showing as defaulted with default dates after the date of DRO) and I…
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DRO not appearing on my Clear Score credit report?
Hi, I was granted my DRO in March 2021 but my credit score hasn’t changed and all my creditors are still showing on the credit report showing I owe the full amounts still? No defaults are showing either and nothing looks like it’s changed at all on the credit reports? Just wondering if this will change or when it will…
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Mortgage after DRO, am I right in this?
Can I just check something please... I had a dro 6 years ago, so it has now dropped off all my files that I can find. When I originally got the dro it was billed as a mini bankruptcy, however now I'm looking into it, it seems that legaly it's a different thing. I couldnt find my name in the London gazzette, do dug into it…
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DRO creditors
Good evening you lovely people Just a quick question to run past you, in case i need to act further. I am currently in a DRO, due to finish in September, all was fine amd straight forward. I received an email from a completely different company saying my debt has been passed on to them now and want to arrange a repayment…
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Reality is hitting hard
Hi folks, new around here, sorry for the obscure username, trying to remain anonymous as possible as may be people we know who frequent these forums and put 2 & 2 together. I'll be doing the posting but my wife is also here and reading all and occasionally be putting her comments in. We're rapidly approaching a point…
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PPI settlement after Trust Deed (Scotland) discharge
Hello looking for some advise here. I was discharged from a Trust Deed (Scotland) 3 years ago and recently received a letter from Clydesdale Bank advising that after a review of a successfull PPI claim made in 2016 (by my practioner) I am due a further payout. In this letter they have included an acceptance form that asks…
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Moved: Health Insurance
This discussion has been moved.
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Purchase of cryptocurrency in a DRO order
Hi I was made insolvent a couple of months ago, can I make a long term investment of £250 into cryptocurrency to withdraw after my dro has ended? Thanks
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Post IVA - bank fees repayment
Hi all I had an IVA between 2014 and 2017 which was paid off in a full and final settlement as I was made redundant. At the time, I signed something to say that any PPI I received post IVA would need to be paid into the IVA even though it had been settled. I have recently had a letter from my former bank saying they have…
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HSBC updating my Equifax in a dro order
Hi, I entered a dro order around 2 months ago, and in that time, a lot of my creditors have left me alone and the dro has been a great help. However HSBC has updated my account two times with added charges and marking my account as a missed payment, I’ve rang them 3 times to supply a dro order number, no one knows what to…
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DRO limitations
Good evening Just after some guidance, and who better to turn to then the people who supported me first place, when i applied for my DRO it was highlighted that 'if my circumstances don't change, my debts will be cleared', what does that mean exactly. Are they referring to if i win the lottery or something to that effect.…
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sorry for another question
Sorry for another question. I have £800 in shares, I know your allowed £1000 in assets but what would happen if they went up in the time I was in a DRO
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IVA / Mortgage Query
Not sure if this is in the correct forum section, apologies if not. I currently am in an IVA - I'll be in a position, where, after one of my grandparents unfortunately passed away due to COVID, i'll be in line to receive a windfall of approx £30k in the next few months. My IVA settlement figure as of last month, was £12k,…
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IVA 4 months in & bank accounts
Hello, Long story short, I started my IVA in January and now my finances are more settled I want to just have the one bank account not two. I have a standard NatWest select account (created for my IVA) however I banked with HSBC for 16 years plus, of course HSBC closed my accounts down as they are my main creditor but…
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IVA settled post separation, can I ask my ex to pay half of the settled amount?
My wife and I entered into an Joint IVA when we were together as we had no way of coping with our level of debt, around £20k. Part of this IVA was £11k of debt from a previous relationship that my wife had described as "only a few thousand" when we met, I was shocked to say the least when I found out the truth. We…
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IVA when you are a homeowner
Can an IVA affect a remortgage. I am 4 years away from remortgaging since we started our mortgage a year ago. We’ve managed to get ourselves into a deep dark hole with debt and it’s looking likely that an IVA is our only option now. I’m so worried that if we agree to an IVA that we won’t be able to remortgage in 4 years…
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Advice needed please
I never knew about DRO and was thinking of going bankrupt. my question is about what expenses is realistic. I have 4 daughters 15, 12, 9 and 3. I pay £590 PM CSA. I also have them 2/3 days per week. so what's a realistic clothes budget, shopping budget, pocket money. just want to get the process started but also need to…
