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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…
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DRO - circumstances change
Hiya all I'm doing some research in to a DRO, which I may go down this route, rather than bankruptcy just not sure.I read it says after the 12 months 'if your circumstances change' then debt will be written off, well if I went ahead and applied for this, then my monthly payment to stepchange will stop (currently on a DMP)…
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Completed IVA and PPI
Hi, I recently applied for PPI on my late Husband's bank card. I received a letter today telling me there was some money owed but, as my Husband had had an IVA, they said it would be paid to that even though it was completed 9 years ago, (my Husband passed shortly after the completion). I have sent the IVA company an email…
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DRO?
Hello, I've recently contacted Stepchange as I was hoping both my husband and I would be able to get a debt relief order, however they are saying we have too much surplus income and also that some things on our budget are too high and would be questioned. They have since offered a DMP instead but I just can't see how we…
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Payment holiday
I am in dire straits at the moment, I work for the NHS but I also do agency work on a self employed basis to make ends meet, I have worked in my normal job in radiology as a support worker throughout the pandemic but had no agency work, I have an IVA from a previous relationship breakdown and never missed a payment but I…
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What happens with my IVA if I have more debt after I have submitted all my information to my IP
Hey guys Let's say I have 100k debt and my application has gone all the way through to the creditors and is successfully in its application. But now they check my accounts again to make sure the debt is the same as in my application and see I owe an extra £3k on top of the initial debt. Also that this extra debt has come…
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Iva outcome
Has anyone had problems with their IVA meetings being adjourned all the time. This is the 3rd time in a row that it's been adjourned, the company doesn't ring us to let us know what's happening. We have to contact them. I appreciate they maybe very busy but their customer service skills are rubbish. When we do get hold of…
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IVA full and final settlement & queries
Hello, I am currently on an IVA, and have been for 2.5 years. I have a further 10k to pay off to settle the IVA and I am planning on offering them 5/6k that is being gifted by my partner. Upon looking at my credit check on Experian and ClearScore, neither of them show the main creditor as a listed account either 'closed…
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Halifax DIP
Hi everyone, thanks to the great advice on these boards over the last few days I bit the bullet and today my broker got us a DIP with Halifax. Halifax ask if you have been made bankrupt in the past six years, we were made bankrupt in 2013 so seven years so we answered no. But now I’m nervous that the bankruptcy will come…
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IVA offer for partial & Final Accepted - What now?
Hi, I have finalised my IVA with a final offer payment and have received the confirmation letter and certificate from my IVA company. I understand that the IVA will remain on my credit file until the 6 year after I took it out but how do I get all the associated creditor accounts to be marked as settled and closed? I…
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Family buying a home in my name and IVA - please help
Hi, I’m new to the site so unsure as to where to post, however I’m looking for some advice. I'm in the final 12 months of my IVA and have separated from my husband which has left me with nowhere to live. A close relative has said they would buy a property, in my name, which I will pay rent on at the current market rate.…
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IVA and ebay
Hello! I have just begun the IVA process and submitted my documents. Next stop meeting of creditors. My question is that I occasionally sell things I no longer need on eBay. Very little actually profit is made, just selling things I no longer need. I withdraw the cash into my basic current account and use for other things-…
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Coming to the end of an Aperture IVA
Hi, my husband completed his 5 year IVA with Aperture in April, they’ve told him it will take him 6 months to process the ‘closure’, they said they would be contacting all the interested parties to get confirmation they’re happy to close the IVA. That was a recorded message he got when he called them to check what needed…
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Ex has IVA but we have joint mortgage
I have been divorced for 10 years and solely responsible for the mortgage in that time . My ex refused to agree To any financial settlement but has finally agreed to sign house over if I don’t claim on his pension . Before I could arrange remortgage I have found out he has an IVA. As we still have joint mortgage will he be…
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Payplan
Hi I seem to be having a problem with payplan recently they put up my payment well double it which I can afford.gone Through the budget change it and we have £150 left but the payment is £250. They say this is my affordable and It ain't. Can I change to another IVA provider has I can't they seem not to understand.im at…
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Review
Hi I have an iva review coming up and they have asked for 3months of bank statements. With covid 19 and not being able to go out day to day and spend. Plus a mortgage break 3months I took and some financial present s for a birthday. My account is healthy and I'm getting back on my feet. Obviously they will see my account…
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IVA modification question
Hi, When my IVA was agreed a modification was entered by the creditors which I agreed to. The modification was: "The debtor must seek to obtain Child Maintenance payments from his ex partner. 60% of any monies being received as a result of this must be introduced into the Arrangement for the benefit of creditors." I had to…
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DMP or IVA
Hi,I am trying to resolve my debits. Following talks with Stepchange I was recommended to go for a Debit Management Plan which would take around 8 years to pay off my loan and credit card debits. Today after another call with Stepchange they suggested that IVA would perhaps be better as it is legally binding and would be…
