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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…
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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…
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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
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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…
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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
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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…
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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…
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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…
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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…
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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…
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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.…
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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…
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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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Dro and its long term effects
Hi I'm in the process of applying for a dro and wanting some advice on its long term effects I understand that after 12 months the dept is cleared the dro stays on your record for 6 years and has a big impact on your credit rating but how much of an impact does it have will it effect me renting or buying a house in the…
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IVA, Divorce & Property - Help!
Hello, I am thinking about seeking some legal advice but just thought I
would see if anyone has been in a similar situation and get some ideas .... My husband and I split up in October 2018 and both entered into
an IVA. I moved out of the flat we both own as joint tenants and I now
rent a lovely flat. Our divorce was…
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Service charge overspend
My service charge company have just informed me that they overspent last year by £24k! Are there any penalties against this? Surely a company can't overspend by so much and expect the leaseholders to pay it all back, just like that? Any advice would be gratefully received. Many thanks.
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DRO - Proof Of Income/Expenditure. Time Period Taken Into Account For Income and Expenditure.
Hello all, I'd like to ask the following particularly to people who have been through the process of getting a DRO. 1) What time period is taken into consideration regarding my income and expenditure when applying for a DRO? For example, are my last 3 months bank statements/receipts needed? Are a certain number of years…
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IVA Paid Off?
Hello! I'm currently in an IVA with Creditfix (originally through another IP but was moved a while back to them) and I want to make sure I have the right understanding in the way I believed the IVA process to work. I started in 2017 with just under £30k of debt, and now 3 years in my credit file shows two accounts with…
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Am I eligible
Just roughly, Would I be eligible for a DRO if my debt is 14k over 15 creditors, my income is £1211, my outgoings are £1170, with a small baby to bring up and care for. I have no assets, so savings no nothing of value apart from the clothes I wear and they have holes in? Just for a bit of guidence on weather I'm doing the…
