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Am I being robbed?
Hi A friend of mine has applied for an iva. She said she has declared all cards except one. She has now asked me to loan her 500 pounds to help her pay the 200 pound minimum payment and she can use the rest to live on till her pay day. This means that she can also she can keep the credit card running and open. I asked why…
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Couple of annoying DRO questions
Hi, I've had a DRO and come through the other side, but mine was really quite simple. I'm trying to help a friend, we've been through her budget etc etc but the bits I'm stuck on are: She's used her credit until literally yesterday. Does she need to wait 3 months before she applies, or start the process now? She's going to…
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Advice needed please
I have been in a Stepchange DMP for some time and have managed to get a 25K debt down to about 13K. Unfortunately, my work situation changed and my earnings went down, and after some massively bad luck, I ended up with a couple of BIG bills (Needed new roof, Car Blew up, Huge Vet Bill) I STUPIDLY ran up more credit card…
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Cancelling an IVA
Is it possible to cancel an IVA and reclaim monies back. My son entered into one a year ago and we have since found out they haven't paid anything or logged the IVA against the loan despite their annual report saying they have. And for credit card it's been sold to a debt company. My son was 20 at the time, very stressed…
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IVA - Inheritance help please.
Hi there, Hoping someone can help. Apologies as I've posted similar to the inheritance section but thought this might be a more suitable location. I'm working on my Father's Estate and have just learned that one of the beneficiaries (my brother) has an IVA against him and my understanding is that any money left to him…
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DRO and salary deductions
Hello I have just been granted a DRO last week and had a couple of questions. I have tried to ask the DRO Adviser but they did not seem to be any clearer and thought maybe someone here may have some experience. I currently have a Credit Union loan secured to my savings and repayments were being made via a salary deduction.…
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CCJ & IVA - Cert of Satisfaction
I have a CCJ showing on my credit file which dates back to an IVA. The IVA settles this debt and all others and the IVA is showing as "complete". The CCJ isn't. I have obtained a Certificate of Satisfaction for the CCJ but don't know what to do with it/who to contact to get my credit file updated.
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DRO and student income
Hi, I am finding it near impossible to find out what is included and excluded regarding Student loans and grants when applying for a DRO/BANKRUPTCY. My award is made up of a mix of standard loans and grants which I know are classed as income, but also some extra grants due to disability. Are these disregarded as PIP/DLA…
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Loan for iva
Hi everyone come to the end of lva now it could be releasing equity or a loan or another 12 month. But does anyone no what sort of apr you would be looking at for a loan
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Vanguard iva company
Can anyone help please. Ive had an iva for 2 and a half years. It started with one company then was taken over by this company vanguard! They have take 6000 pound off me ive paid back 3000 of that to crediters. But they are sending my threatening letters all the time as due to covid im not 200 pound in arrears. My wages…
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PINNACLE IVA
HI all I am new here so HELLO! OK so nearly 2 5 years ago i signed an IVA for a very lowly anount of like 4k. Im now trying to rent a property and having such a terrible time in finding something. Ive spoken to a few people and read that i shouldnt have been advised on this. Whats the best thing to do going forward please…
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Advise please - Barclaycard letter
Hello there, Hope all of you are well and healthy, I am halfway through my DRO thanks to this forum and first time in roughly 8-9 years I can sleep properly not worrying debts! Thanks to everyone who is contributing to this forum and helping out people like me. Right, the advice. I am not entirely sure if this is the right…
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Will I have a credit check?
I’m wondering if anyone can help me, I’m happy that I have just had the news I got the administrator job I had an interview for in a prison. I’m aware that Vetting Background checks and a DBS is required for the security clearances, I don’t have any criminal record and had continuous employment, however I’m worried that I…
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IVA/BDM
Hi,I wonder if anyone can give me some advice, myself and my partner had an aip with Halifax, so we have a buyer for our property and have had an offer accepted on another, we have a 20% deposit, 2 weeks ago our broker informed us that Halifax whom we already have an existing mortgage with have declined is due to my…
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Settlement Figure
Hi All, I have 29 payments left of my IVA. The contributions add up to £6641. A family member has offered to clear the balance for me. What would people suggest is a realistic figure to offer to creditors? I was thinking £5000. Anyone have an idea if that’s reasonable? thanks
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IVA Company?
Hi - I hope everyone is well. I have been doing some research and spoken to 'the IVA Advisors' and come to realise that an IVA is the best option to manage my debts. Just wondering if anyone has had any experience with 'the IVA Advisors' or can recommend anyone else to arrange it through - or does it really not matter too…
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IVA experience wanted - Desperate to sort out huge debts :(
Hello! I'm new to this but I'll try to keep it short....In 2017 & 2018 I took out two large personal loans to help my husbands business. It didn't work, the business ceased trading and I was left with 51k debts. Within 18 months we we're struggling to make the contractual payments. I contacted CAB who helped me out with a…
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IVA arrears and monthly payment reduction
My IVA increased from £200 p/m to 350p/m due to car finance being settled leaving me with surplus income. I am struggling to make the payments as I have done when the payments were £200pm along with £150pm car finance. I emailed my IVA company with a revised I&E report and my options are listed below. -------------------…
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complaints against an IVA company
I went into an IVA arrangement in 2017 with 21k credit card and overdraft debts, having exhausted all other options. The debt management company insisted I use a PPI claims company and even though I had previously claimed myself and failed to win, they went ahead. They won approx 16.5k on my behalf (almost as much as my…
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Windfall following final IVA payment
Hi, my parents have gifted me a sum of money to make the final payment of my IVA, after what feels like a very long time! Having recently separated from my other half (child’s father) I have found myself with no where to live, and my family have offered to purchase a house in my name, which I would then repay each month,…
