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IVA & DRO

Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).

Completion of Iva witness question
Hi I have just made the final payment of my Iva and have to sign the ppi form, it's asking for a witness to sign, can this be my husband or does it have to be a non family member?Thanks so much
Windfall after the IVA was settled
I settled an IVA with 2015. I have now had a windfall for mis-sold pension advice that they are pursuing. It clearly states on the IVA paperwork that they can pursue me basically until the end of time for mis-sold PPI not for general compensation awarded . has anyone else had this and can anyone help?
IVA, Windfall, DWP
Hey all! Hope someone can give me some advice! I'm 18 months into my IVA and I have a DWP debt that they wouldn't include so I'm paying that separately and in full (they said that this is due to it being money owed to the government). It's come to my attention that I'm due a windfall as such from a loan company that…
Dro and change of car.
Hi I am just enquiring to see if anyone will be able to advise me. I am 4 months into my DRO, and unfortunately my car has given up on me. My sister is going to help me to get a new one so I can get too and from work. I know I can't have a car over £1000 but how do I get a potential buy valued? I been offered a car at a…
Trustee Discharge
Hi there. I had a four year trust deed from 2015-2019. I made my final payment at the end of Feb-19. We are now at the end of July-20 , 17 months after I completed my trust deed and yet the trustee has STILL not discharged himself! As such there us still debt showing on my credit file. This feels completely excessive and…
Iva finished
Hi everyone, I have finished my IVA 3 years ago. I had my own business and was not in arrears when I approached my lloyds bank to advise of upcoming issues which were going to impact on our ability to pay loans and credit cards, I was advised by my bank to contact PayPal. They advised us to stop payments for 3 months to…
Mobile contract during DRO
Hello. My DRO ends in 2 weeks. My mobile contract provider has told me that my account is due for an upgrade. My contract (tariff and device) was allowed to continue as payments were up to date. My phone is really knackered and I use it to study, but I am not sure if this will affect the DRO. If I cannot upgrade now, is…
Iva advice
Done 5 years in January 2020 and never missed a payment. 6 months later still waiting about equity release but looking at the government guide it suggests the equity release during the pandemic is voluntary is this true. And also they say it should not extend more than a year. Now I have already gone over six months but…
DRO & Divorce Settlement
OK, first of all I just want to make clear I know I've really messed up and dealt with this terribly. I am trying my best to sort it now though, please go easy on me! Also I'm on a mobile so apologies for any formatting issues. I was married to an emotionally abusive man for 4 years, together for 7. Then 18 months ago I…
Iva help
Been 5 years in iva last payment was January. Not heard anything from aperture so emailed them they said its with there equity team. It as been six months now should it take this long anybody
IVA Joint Bank Account & Credit Rating
I have recently completed my IVA and received my certificate. One part of the IVA was for a joint bank account overdraft of £400.00, this was satisfied within the completion of the IVA. However my wife has found out when trying to change the mortgage she has a default notice on her credit rating due to her name being part…
DRO & SOA
Where an applicant for a DRO is a (say) married man with nil income, and all the debts are his alone (no joint debts) how does he apply household bills into a SOA when his wife is the sole earner? cheers
I think I’ve been mis sold
Complaint. I first took out this IVA through Harrington Brooks in 2016. The time I took it out I was suffering with Mental Health issues (still am), fleeing domestic violence, looking after 2 children on who is disabled and was on the verge of loosing my job because I needed to care for my son. I spoke to the people at…
StepChange won’t talk to us about our IVA - catch 22
We are in a massive catch-22. In Jan 2012, we started our IVA with StepChange. As our house was rented out and tenanted, part of the agreement was that at the end of the payment term (2 years ago), funds would attempted to be raised to pay off a greater amount to the creditors, the main one being NRAM. Roll on to this year…
IVA Preparation
Hi and so glad I found this forum ! Looks pretty much like I will be applying for an IVA pretty soon. I have done a lot of research and have engaged Step Change (plus a few others) and have chosen to go with SC should I press ahead. Although my wife and I have both separate bank accounts, we do have a joint account where…
IVA help
Hi guys, any help would be appreciated. I started my IVA in November 2018 and my payments were set at £85 until my car finance was due to finish in December this year, and it was then set to increase to £175. However, I started a new job a couple of months ago and was involved in a car crash which led to a significant…
IVA finished, questions remain
1st post here so please bear with me, this may be complicated! We started an IVA in 2014 with Harrington Brooks, in 2018 HB went into administration and the IVA was taken over by Freeman Jones, now called the Financial Wellness Group. Total debt was around £16k. My wife is a self employed costume maker, I work in the…
Being a Rent guarantor for someone with an IVA
Hello, I have been asked to be a rent guarantor for a close family member who has an IVA. They are very good with paying their rent where they live currently but need to move to a different property. I don’t mind being their guarantor however I am planning to purchase a property myself in couple years time after renting.…
DRO completed years ago- still receiving a statement about what I owe
Hi All, I'm hoping you knowledgeable people may be able to advise. I had a DRO in 2011 completed 2012. Periodically I receive statement of account from Santander {who were one of the included creditors). The statement is not asking for money it just says account statement my name etc and amount you owe. I know I should…
DRO application
Evening all I am about to apply for a DRO on the advise of stepchange, they have asked for 3 months pay slips, but I get paid weekly so therefore get a pay slip every week. Would I have to provide all 12 consecutivly, or just 3 latest? Thanks I'm nervous now 🙄

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IVA & DRO

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