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Lump sum IVA
Hello I am wondering if anyone can help me. As you may have read I am in some financial difficulty but own a large asset including a large chunk of equity. One of my options is a lump sum IVA which would write off all of my debt. Including my non secured and my secured debt, not including my mortgage. This would cost me…
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IVA or stay on DMP?!
Hi all, I was hoping to gain some advice from you lovely people. I started a DMP a year ago and have been fine paying this every month. I have been given a small amount of money and want to pay off the debts that are still accruing interest but then carrying on with my DMP. I have completed my annual review (I'm with…
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Iva advice and taking name off mortgage
Hi me and my partner are separating. We have separate ivas but our home is in it to obviously to remortgage or have another 12 payments to make. Could he get took off the mortgage and get another i&e and then I would need to apply for universal credit has anyone got any advice if done this please or help thank you
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Iva - more than one payment break??
We had a 9 month payment break with my baby. We've got 2 years left on the IVA and I've just found out I'm pregnant again. Will we be allowed another payment break or will the iva fail??😫
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‘Set aside’ date
Hi i have been on a debt arrangement scheme (DAS scotland) for just over 2 and a half years. All my payments are up to date and I still have around 3 years left. I just received an update on my clear score account saying my Credit report had been updated and ‘set aside date’ of feb 21 has been put on it. It does not offer…
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Moved: Selling my house
This discussion has been moved.
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DRO granted but UC joint claim started
Hi, my DRO was just accepted today but within the last week, me and my partner have started a claim for Universal Credit as he’s now lost his job. Technically we are worse off now because of him losing his job, than when I filled out the DRO paperwork so I still will be left with under £50 at the end of each month. Do I…
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Separating Joint Finances when Married with solo IVA
I'm about to enter an IVA and need to take my name off the joint account as the IVA (and all debt) is in my name only and the joint account is with a bank I owe money to. I've opened a new solo account with Monzo. What I'm trying to figure out now is whether we should open a new joint account with Monzo, or leave just my…
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Iva wanting more money than was agreed
Hi, my iva was supposed to end in sept - that’s when the terms ended and my payments stopped. In December I was told they hadn’t updated my info in 2 years and as a result I owed them £1717. I did send them annual reviews but they didn’t update. Never did they get in touch to say they hadn’t received this info. My Total…
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DRO ended :-D advice please!
Hi wise ones! My DRO ended yesterday, the relief I'm feeling today is huge!!! I'd be really grateful if I could get a bit of help, I've checked my credit reports today for the first time in months and noticed a few thing that seem wrong/strange! HSBC is still showing missed payments rather than a default, should I chase…
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DRO and Partner applying for UC - Advice Please!
Hello everyone, hope you are doing well and healthy. Just wanted to check this with you: My partner was made redundant recently and now considering to apply for Universal Credit until new job opportunity shows up. just at very beginning of application this it what is says: ""You and your partner need to claim together. You…
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PLANNING ON DRO IN MAY BUT BIG POSSIBLE PROBLEM
Hi all... I was planning on bankruptcy as my IVA is going to fail due to loss of earnings etc... after finding out there is a possibility dro threshold may be increased I'm holding off for now.. ok so the basics are ... I'm a single mother of 4 soley on benefits at the moment. Disabled child, im claiming carers at moment…
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If someone has an IVA can they get a guarantor loan?
asking for a friend and literally cause my !!!!!! anit in debt lmao. so yeah basically can someone with a iva in place get a guarantor for guarantor loan or will they be rejected straight away? and before anyone says ' if someone needs to have a guarantor , not advisable with iva ' etc I dont care about that, I just want…
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IVA and credit files
In 2015 I had debts of £113,000 (mainly business) I completed an IVA (with a final lump sum agreed by creditors)in 2019 The question is how long a credit card debt stays on my credit file . 6 years from when I started IVA or completion. At the moment it says I’ve missed payments since January 2015 and in default
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Responsible Lending
Hello just looking for some more advice really. I have started the process of entering in to a token payment plan whilst I look at my other options which include Debt Relief or possible IVA now I’ve sorted my budget. However..... I have been advised that some of my debts may be able to be written off due to irresponsible…
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Iva & DLA
I am in my 2nd year of my IVA and everything has been really good. Payments increased at annual review which wasnt a problem and Payplan have been amazing! My daughter has just been awarded DLA - We also get an increased amount of Tax credits. My husband is applying for carers allowance for her. I know I have to declare it…
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DRO and mortgage
Hi, My DRO is due to drop off my credit file this October (after a long 6 years :# ) and my CCJ will drop off this July. In the last 5 and a half years I’ve worked hard to make sure I don’t get into that position again. No debts, no defaults, no late payments and one credit card that I use for petrol and pay off in full…
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IVA Mortgage Advice
Morning All, I'm looking for some advice or examples of your own experience with the below scenario. I completed my IVA in December 2018 :beer: and it has been showing as settled on my credit report since March 2019. I have managed to get all my default dates aligned with the IVA commencement date, so come 28th December…
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Mortgage after IVA
Hi all I am hoping to get a mortgage with my wife in january 2019. This will be 6 years after my IVA started. I’ll have enough money for a 10% deposit. I realise that I’ll have to go through a specialist broker, but is it likely that we will be able to get a mortgage at this point (we earn decent money and our credit…
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Joint Mortgage And Single IVA
Can someone tell me if my wife refuses to agree to any remortgage or funds being raised against our property, how can an IVA provider expect equity to be raised from this source ?
