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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…
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Gift of £1000 on DRO
If you were to receive a gift of £1000 while under a DRO will it get revoked? I'm on Universal Credit and no longer receive DHP so this will mostly be used on living costs if received.
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Discharged from DRO future prospects of joining property ladder?
During my late teens up until the age of 21 I was irresponsible and racked up about 18K in debt. I was living above my means and had no disposable income, I completed a DRO which I was discharged from last year. I’m now 23 and have turned things around, I have a good job with a decent income and have saved up about 15K in…
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Dro help
Evening My wife had a dro that finished 2 years ago everything fine finished after 12 months now suddenly crapquest have been sending letters and constantly phoning about an argos debt from 2011 that was on the dro the problem is my wife has lost all the paperwork and dro number and we don't know how to get a copy to send…
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Blocked accounts
Hi. My partner is 2 years into an IVA. When he was a child his mother set up a savings account for him in both their names. Yesterday she tried to gift him £4000 for furniture for his new rented home. It wouldn't let her do it online. She called the bank and they've said both of her accounts (one she shares with him and…
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Santander - Being Difficult
Hi I hope someone can help, I agreed an IVA in 2015 however it failed in 2017. I note that there are defaults on my credit file later than when the IVA was agreed and I have written to those accounts and provided evidence of the IVA and they have agreed to amend the default date all but Santander who have said they want an…
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Dro Advice
Im jordan just after some advice if possible please. I spoke to step changes about my situation which they recommended a Dro. My debts are a total of 19100 consisting of a loan couple cc cards and store cards. For the past 18 month or so i have been paying each creditor £1 token payments But i have been payinfg back my…
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IVA and Equity
Hi all I have come a long way since January and thanks to the advice on these forums I have managed to make lots of savings! I am am now looking in to plans to clear my debt, the obvious would be a DMP or a IVA. I own my own property... valued at 210k my mortgage is £122k my secured loan is £25k and my unsecured debts are…
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DRO - wait until limit increases? What to do in meantime?
Hi there! Just after a bit of advice please. I have been looking in to getting a DRO however my debts fall just above the £20k threshold (£23k). I had heard that the limit may be increasing soon but there has been a bit of a delay. I have been paying my minimum monthly payments albeit seriously struggling and to be honest…
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Early settlement - sprout loans
Hi all, just wondering if anyone has any experience with settling their Iva early with sprout loans? the logical decision (most cost effective) for me would be to get a friend or family member to loan me the sum for a F&F, but just curious as CreditFix who I’m with actually promote this company. i feel as though I am ready…
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Full and Final Settlement - IVA
Hi, I took out an IVA in August 2020, £32k debt, reduced to £12,000.00 over 60 months = £200.00 per month. I really want out, and my partner has offered to gift the money to get this settled. I want to offer a full and final settlement after 18 months, which will leave £8,400.00 remaining on the IVA. Note, I have no…
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IVA advice
Due to covid-19 my new business I set up in February 2020 as not gone to plan I currently have £67,000 debts which is made up of 4 overdrafts and 10 credit cards The question is simple I currently get £410 in UC and have moved back home with parents. I give them £130 a month to cover food and use of the car. The only other…
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How long til dro drops off my file
Hi I got a dro 12th may 2015, so will be 6 years on 12th may next month. I have saved up a small deposit and looking to get a mortgage. Is there a precise date the dro will drop off, or can there be a lag, I'm looking for brokers but not sure wether to just explain to the broker I might have a dro on my file or wait then…
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IVA... best option?
Hi, I am approximately 28k in debt. Split between 3 credits cards and 3k on a loan and probably 1100 overdraft between my two accounts. Although I have been making my payments I am not getting any close to ever clearing my debts, although my loan is due to end in 11 months time. A family member has also been giving me some…
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MY IVA AND MY EX
When me and my partner split I was a single mum with lots of debt to pay from our debts mostly in my name (I know idiot) and also some joint. I couldn’t keep up repayments and I got an IVA so I could manage. jump fwd 2 years. One creditor is now chasing for the previous full debt amount. And ex partner is harassing me that…
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IVA- Payplan
Hoping someone has experience with this. after a marriage breakdown I have about £34k unsecured debt. Currently I ship out about £700 a month on minimum payments getting no where fast, as I get into the end of the month I lean back on credit to make it. I have approached payplan with a view to an IVA. We went through a…
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Now IVA In Place Breathing Space To Consider Other Options?
First post, looking for advice not judgement - I am where I am. This time last year I was under the weight of £69K in unsecured debt with all savings depleted and working in a much lower paid job. I was no longer able to service the debt payments and was just recycling debt to live, it couldn't go on. After taking the…
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Charging order on property
Would really love some help I have had a charging order on my property since 2007 I think I have been caught up in some bad practice from back in the day the property I had was back in 87/88 I walked away from a bad relationship leaving him in the house it then got repossed in 89 and then resold in March 92 I was the…
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Guarantor Loan
Hi, I am after some advice. I am one year into my IVA and all is going ok. I had a guarantor loan which was not included in the IVA as my parent was the guarantor. So payments were being made through them. Now unfortunately my parent has passed away a short while ago. I am devastated and the last thing I want is that debt…
