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DRO due to end next week and credit file clean up
Hi My DRO is due to end on 24th January and all my accounts are defaulted with the correct date, a couple or showing dates a couple of weeks after the DRO date but for the sake of a couple of weeks I'm not bothered. My question is that will all of my accounts be automatically closed showing as partially satisfied or…
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Debt Relief Orders - consultation launched
A consultation has been launched today to change the eligibility criteria for a DRO. The proposal is to set new financial limits that would:* Increase the total amount of debt allowable to £30,000 (from £20,000); * Increase the value of assets owned by the individual to £2,000 (from £1000). We are not proposing to change…
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Solo IVA but joint mortgage
Hi Everyone, My wife is coming up to her final year with a solo IVA and they now want us to Refinance or re mortgage our house, but i am not part of the iva and i refused when she took it out, can i refuse to Refinance or re mortgage as it would for sure be a higher interest rate etc as our credit is now poor, Also i think…
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DRO Consultation
There's a government consultation on expanding the limits of the DRO criteria. https://www.gov.uk/government/consultations/debt-relief-orders/debt-relief-orders-consultation-on-changes-to-the-monetary-eligibility-criteria Anyone can contribute - cut-off date 26 Feb The proposal is * Increase the total amount of debt…
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IVA + help to buy
I am coming up to the 5 years of my help to buy so I would normally look at remortgaging to pay off the % of the house value owed however I am in the 3rd year of an IVA following financial difficulties meaning I won’t be in a position to remortgage.. what are my options?
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Do I have to declare refund from creditor? (DRO)
Hi. I was approved for a DRO last September. I just received a letter from one of my creditors saying I’m due a refund of £85 as compensation for them giving me a credit limit rise when they shouldn’t have. Do I have to inform the insolvency service of this refund, and should I even contact the bank regarding the payment?…
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Hmrc debt
Hi all again, Ok so my DRO was accepted 17 dec all went smooth and I feel relieved!! One of the debts that was in mine was hmrc... well actually a few from them however one of them was a overpayment of tax credits from 2016-2017 it was £964 ish but was just in my name on the letter even though at the time it was a joint…
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Life after and IVA
Hi guys, I have a quick question if anyone can help. On December 1st 2020 I paid off my IVA early it was due to end March 2021 but had an end of year bonus so cleared the rest off. The company, Creditfix, have been pretty vague and I can’t get a straight answer from them about what to do now. The plan is obviously to now…
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Moving home
Hiya all Happy New Year to you all. We are looking to move home around May time if possible my DRO finishes in September which was from a past relationship and debt left in my name, am i being too optimistic in being accepted anywhere jointly as a new tenant? . We have never missed payments etc in this house, all bills up…
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Anxiously waiting!!!
hi again, My DRO application was submitted on Monday afternoon (14th Dec) and my payplan adviser said I would hear via email either Wednesday or today. He seemed extremely confident that I’d have approval by the end of the week. Is it that quick? I hate the waiting I’m literally checking emails all the time🙈 does this time…
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Mortgage for settled IVA (pre 6 years)
Hi, Any help on this would be massively grateful. I have just settled my IVA early as one lump sum (3 years in) Hoping to be able to look at getting a mortgage next year if it's possible. My partners credit is currently excellent but it will probably allow both of our wages put together to cover the mortgage that we want.…
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Banks....
hi lovely lovely people I need to change my bank as my current bank has now gone into a DRO.. I tried Monzo but then discovered they are connected to NatWest (my bank in the dro) anyway I tried Santander can’t see any links to NatWest.... or am I wrong😩🙈😳 tia kaz
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Moving country- act now or delay
Myself and husband are seriously in the s*** and we are about 2/3 months off completely broke and being unable to pay all debtors (approx £60k owed). We are moving from England to Scotland to be nearer family In Feb, but not sure if we should start the IVA process here in England before we go or wait until we are in…
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IVA and Christmas Bonus - Please help
Hi all. I had a reply back from my IP with regards to the extra payment I have to make from my Christmas bonus I received from work. The breakdown of my monthly wages are as follows: Before tax: £1413.36 + £250(bonus) = £1663.36 After tax, NI and pension (£298.42) = £1364.94 My IP says an additional payment based on that…
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Payday loan review
Hiya Just after some advice if possible, i have received quite a bit of correspondence from one of my creditors, asking for an income declaration form to be filled in, over 10 years and loans i have had previously. I have spoken with stepchange to see if i have legally got to fill this in or if i can ignore, and they said…
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Had dro trying to do credit clean up
and this is what they said and trying to lump me with the debt again after reading it and having time its made me angry @sourcrates @fatbelly what you both think time to complain to the ico
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Hi there I have a few questions
Hi there everyone I’ve been reading these posts for a few weeks as I’ve been going through the process of a DRO which has finally been put together by Pay Plan, they have been absolutely amazing all the way through they helped me with my anxiety and always put my mind at rest when I had queries. I have paid the £90 so I…
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IVA and work bonus
Hi all. Been a while since I've posted anything IVA related as all seems to be going smoothly as I'm now 2 years or so in to it. Anyway, with what's been going on with the coronavirus my boss has made lots of money as she owns a shop which was allowed to stay open throughout and decided to give everyone a £250 bonus last…
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DRO and closed paypal / credit accounts
I'm looking to apply for a DRO. I have a paypal credit account with items I bought for just under £1000 in the last year or so, mostly presents to relatives and clothing. To simplify things I thought about closing the account. Will the official receiver be alerted in any way of the closure? or will he normally check for a…
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DRO and closed bank accounts
I am looking to apply for a DRO, I have a main bank account and a second one I made deposits with money I got from my family helping me while sick and unemployed. As I had this sent via Western Union and keep no proof, I realise it may raise suspicion with the official receiver. To simplify things I thought of closing down…
