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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 ?
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Considering IVA
Hi. Wondered if someone could help me i have accumalted a large amount of credit card debt (£45000). I have tried to remortgage and take some equity out but unsuccessful. Im considering a second charge but this is likely to cost £260 p/m for 30 years (costing me £90,000) a friend told me to consider an IVA which i have…
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IVA sold on and they want me to switch from DD to CPA. Do I have to?
My IVA is in it's final year and it has been sold on to another IVA provider. I've always paid by direct debit but they want me to switch to recurring payment on my debit card. I'm uncomfortable with this and I think it is unnecessary if I have never missed a payment in 4 years. Can I refuse and stay on DD?
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IVA advice - this is all new!
Hi all, As I’m sure many of you may be in the same boat due to COVID etc I am at a point where I have had advice from numerous IP’s regarding an IVA. I now unfortunately feel like it is my only/best option after running through every other option. My question is which is the best company to go through an IVA with? I was…
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CreditFix vs PayPlan
Hi all, I am about to agree to progressing with an IVA and I am torn between CreditFix or PayPlan. Both have very good trustpilot reviews and have been very helpful so far. I am asking for for constructive feedback about pro's and con's from personal experience with CreditFix/PayPlan (including the annual review process)…
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Credit under DRO
Can anyone tell me is there anything stopping me taking out a new mobile phone contract if I have gone through a Debt relief order as my credit file is letting me?
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Creditor Refund
Well.... I've received an email from a creditor saying that they shouldn't have lent to me and I will be getting a refund, my issue now is I signed everything and sent back for a DRO yesterday. I am now what looks like going to receive a refund for a creditor or my list. What will happen with my DRO? The refund amount…
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Missed payments before DRO
So, I stopped making payments towards my debt at the end of January when I started the process of getting a DRO and I'm receiving a lot of phonecalls already. I have pretty severe anxiety so just don't answer but I've checked who they're from. Anyway, my DRO is about ten days away from me making the payment of £90 but I'm…
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Bankruptcy or wait to see if DRO limit increases
Hi, I’ve been reading the forum for advice for a long while now. I have debts of around £28,000 , rent my home and had set up a DMP which I have now had to stop due to a significant change in income. Stepchange have given me lots of advice ( I haven’t yet sought help for this). I have been since December 2020 preparing to…
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Banks Accounts with a DRO
Hi all. I'm currently in the process of going through a DRO. My question is bank accounts once the DRO is accepted. I currently have a joint nationwide flexbasic (this was originally for bills) we then decided to open a joint natwest silver reward account for insurance etc. I have a sole account with natwest that I…
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IVA and Credit Report
Hi all, Apologies if this has already been covered on here, but I have been doing some digging and yet cannot find a satisfactory answer as of yet. I have been in my IVA with Vanguard/Ebenegate since 2017, projected to finish in August 2022. I have also signed up to Credit Karma and Experian credit reports, but there is no…
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Dro credit report
Hi, I was granted a dro on 8th February 2020 so I'm relieved that the 12 months is now over with. I didnt check my credit report in that 12 months, think I was too scared! Today I have just checked it and it states.....3rd July 2020 court date then underneath it states 3rd July 2021 set aside.....what's that all about,…
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Can a bank withhold your money on an IVa?
I entered into an IVA on 14/12/20, it was suggested to open a new account with a new bank. I have done this with TSB, I then transferred money to this new account. They are not allowing me access to these funds without a letter from my IP (step change) giving me permission to access the funds. Are they allowed to do this?…
