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Could I lose my home.
Hello everyone and thanks in advance for any help. I am currently working with stepchange in regards to my debt, but it is in the early stages, I’ve completed their SOA and now I need to call them, hopefully they will be working tomorrow if not I’ll do it Monday. My situation is this, I brought a home with my partner 9…
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Woolard Review - change coming?
Some changes proposed are: Across the UK there are multiple regulators covering different
aspects of debt advice and debt solutions and it is essential that
this does not lead to divergent outcomes for consumers who are in
financial difficulties. The FCA, Insolvency Service and Accountant
in Bankruptcy (Scotland), with…
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Help please
Hi, thank u for reading this, please be kind in the comments. (Mentally unstable right now tbh) so I am in third year of Iva and I have applied for a loan to cover the Iva. Now the property belongs to my husband who bought it before marriage and everything concerning that is in his name, I am trying to prove that it never…
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DRO budget questions.
My DRO application kind of stalled because of the way the budget sheet works through stepchange. I found it hard to separate some costs and as I've been struggling, I've been going without most things so wasn't sure what I would budget for things. also my ingoing money can slightly alter, they have put a figure for child…
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Requesting payments after Iva settled
Hi, basically I took out an IVA in 2015. The company went into administration and was took over. That company then went into administration and was took over again. In 2018 my income changed, I called and called and couldn’t get through so emailed several times with payslips. Fast forward 2 years (with no annual reviews…
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Disability Money??
Good evening everyone,I currently have an IVA setup but my income is possibly about to change. My payments to the iva are worked out from the two benefits that I get, ESA and DLA. I have been informed that due to my condition my money will go up as i am classed as severly disabled by the government. The extra money will be…
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Guarantor for IVA
I have an IVA due to being a Guarantor for my son. I'm 2 years into it and as a homeowner still have 4 years left. I have continued to make the £170 a month payment even though I was furloughed for 10 weeks last year due to Covid. I included my credit card into my IVA also. What I'd like to know is can I claim that as…
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Considering an IVA ..a question please
Just considering an IVA and will of course take advice from one of the charities but i would like to know if I have say 5 creditors and 4 vote yes but 1 does not , does the creditor who votes no have to legally abide with the propsal? Thanks
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Moved: F&F Settlement
This discussion has been moved.
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DRO Application + Car Valuation + 22 year old car
My car is a 22 years old Volkswagen Passat, handed down to me by a family member, for free. Neither of the websites stepchange recommend give me a valuation based on my number plate. What am I supposed to do? Surely when your car is a common brand not like a Bentley or something and over 20 years old, a valuation is kind…
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Feeling anxious
Hi I did post this on another forum but it got closed I’m feeling so so anxious I’m beyond shaking and dreading going to bed tonight as I know il not sleep I hope someone can shed some light on my situation that’s making me feel quite anxious.I recently entered into a DRO and it was accepted and started on 17 dec 2020, all…
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DRO, what's next?
So I scanned and emailed everything to Stepchange early yesterday morning and spoke to an advisor on the phone who helped me with my budget and talked me through my options which were just the DRO. What's next though? How long until I need to do anything else? I've got my new basic bank account with Co-op, I've moved over…
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DRO Questions
Hello everyone, I have been reading this forum for quite a while now to gather as much information as I can, Finally decided to sign up on forum and post few questions (sorry if any of them might sound bit too obvious or silly) I have a debt of around 10.000£ I did online tool with Stepchange and was recommended DRO First…
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DRO Query
Firstly, I would like to say a massive thank you to the people on this board; in particular, Sourcrates and Fatbelly. Your collective knowledge has helped me loads over the past two years. My story, I was granted a DRO 08/01/2020 and I have just completed my one year moratorium period. I have taken screenshots from the…
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Car loan when in IVA bad debt
Does anyone know the situation on getting a car loan with an IVA/bad credit rating? My son went through a mental breakdown, bad relationship break up, then made redundant through covid, left with thousand of pounds of debt he can’t currently pay off. He was in a debt management plan but due to the redundancy he wasn’t able…
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Moving in with partner with IVA
Good afternoon, My partner has an IVA that has been running for three years. It is a joint IVA with his ex for debt that was hers but he agreed to do it jointly as they were a team! We would like to move in together soon. But what affect would his IVA have on me, if any? And also I own my house with no mortgage. He would…
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IVA changes
I have been in my IVA for near 2.5 years now and with my job there is overtime that I don’t have the luxury of not working. My years review has been complete and they say due to this I can afford a substantial increase in my monthly payments based on 3 months throughout the year my wage being slightly more than normal. I’m…
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IVA annual reviews
I'm almost 2 months into my IVA now (a long time to go I know). When doing the income and expenditure with my IP, I said I pay £250 rent to my parents and various other outgoings here and there like phone contract, birthdays, xmas etc. I take home, after tax roughly £1k and pay £160 p/m into my IVA, so left over I…
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Scared but going with DRO!! Questions!
So I'm finally accepting that I can't manage my debt anymore but I have a few questions. I have been majorly struggling for around two and a half years after having to leave my job due to health issues and then having my ex stop paying child support for almost two years. I've gone through step change and they say I qualify…
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Ppi payment
Hi, I was wondering if anyone could help I was in an IVA which was completed in 2012, RBS have sent me a ppi reclaim letter which I have accepted but they are now saying I won’t get the money as I have a debt with them, this debt was in my Iva so it has completed in 2012, I know it should go to the Iva people to offset…
