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Will have a lodger affect my IVA?
I am thinking about taking in a lodger under the 'Rent a Room Scheme' The annual income would be under £7500 so I think I do not need to fill in a tax return, but will it effect my IVA?
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Moving house but husband has IVA
wondering if anyone can help. I’ve recently found out my husband has been in an IVA for almost 5 years. We own a home together (with a mortgage) and really need to move for more space as we’ve had 2 children since he started the IVA. However the debt is a lot (60k) and as we will only have one more year until the IVA…
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DRO application - pay pal 3 and bank statements
Hi, I am currently in the process of applying for a DRO. I was just wondering if the official reciever can see that I have been using pay pal in 3 for the last couple of months? I was making payments on time before my financial situation got worse. Would this go against me as during that time I was on a Debt Management…
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Received a letter from one of listed creditors - DRO moratorium
Hi Im already 10 months into DRO moratorium period. Yesterday for the first time I received a letter from one of listed creditors with annual statement with arrears amount. Should I do anything with it?
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DRO application
Hi Guys. Really need some advice. After a long journey trying to get help with debt, my debt application was finally sent to an approved intermediary on 22nd March. My debt advisor said tge approved intermediary from CMA would contact me. My debt advisor then contacted me on 8th April asking to clarify my full name? The…
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Mortgage 8 years after DRO
About to apply for a mortgage - do I have to disclose that I had a DRO (8 years since end of moratorium) even if it has been removed from the register and my file? I'm fortunate enough to have a deposit that takes me over 50% and my credit rating is now very good. For most lenders would this outweigh the past DRO?
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Partners income and my Child’s DLA on IVA
I have had an IVA in place for nearly 3 years. Last year my Son was awarded DLA and I advised the pay plan of this, but sought advice from CAB who advised that my child’s DLA should not be considered as income as it’s not my income but my Sons. Payplan have since returned with that it has to be considered in the budget and…
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Phone bill& DRO
Hello I really need some help. I got my dro out maybe a year ago Now and I got told to add my phone contact even thought I was still paying it off. I got advice to continue to pay it off even though we added it to the DRO. in recent months I’ve struggled to pay it and it’s now been sent to a debt collection company. I’ve…
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DRO & Vodafone Contract
Hello, I am in the process of talking to a financial advisor and will be applying for a DRO at the end of June (when the limit increases). I currently have a mobile phone contract with Vodafone – airtime plan and 2x device plans (the first device broke). Vodafone have terminated the airtime plan so this can be included in…
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Iva and injury conpensation
Evening, i am in an iva, and couple weeks ago i was in a car accident , the 3rd party is 100% at fault an the insurance is taking care of it , i am undergoing whiplash physio an treatment fir anxiety as a result, i am wondering do i keep any compensation for injury? any help wil be great thanks
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DRO from 2018 but paid debt to Lowell
Hello, first time posting so forgive me if any mistakes. I paid off an old British Gas debt that had been sent to Lowell. Lowell contacted me in 2021 regarding this debt and chased for payment. I advised I’m sure this debt was in my DRO of 2018 but could not find proof. now the Lowell account is clear and closed, I have…
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Should I Pursue IVA Mis-selling?
I have been doing some research and really feel that I was mis-sold my IVA with credit fix... I was told a lot of half truths and wasn't fully aware at the time the impact it would have on me long term. It was the start of the pandemic and my job prospect at the time wasn't good, both myself and partner were at looking at…
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DRO Pay rise of 135£
Hi It looks like I got a pay rise of 135£. It still makes my income much smaller than outome bills etc. by over 100£. Do I need to inform them of this change? It doesn't make me have any spare money at the end of the month anyway.
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Current account with DRO
Hi, My DRO has recently been approved for two overdrafts and two credit cards. I have a normal current account with Barclays which I have never owed money to same with my chase account. Will I lose these accounts seeing how they are normal current accounts or will it be fine? I got told you need to have a basic account I…
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DMP or IVA with one person self employed?
Hi, my husband and I got into some debt buying our first home and it’s become completely unmanageable and unaffordable. We’ve been paying these debts for 2 years with no end in sight, it feels like we are trudging through mud. I contacted stepchange who said they couldn’t help us because my husband is self employed but…
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closed please delete
closed please delete
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DRO - Possible? as have recently in past months been a homeowner
We recently sold our home and I couldn't get onto the JT mortgage (poor credit history) for another home, so partner had to go for mortgage alone. I am married and living in the new home for last 6 months. The funds after sale was below £23k and went into the new mortgaged home (£70k Mortgage for partner too) I have long…
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Stats and info on the DRO Hubs
Interesting article by Debt Camel https://debtcamel.co.uk/dro-hubs-2023/ This covers the period in which Stepchange (charity) went from the largest provider of DROs to zero, and Money Wellness (commercial firm aka Gregory Pennington) went from zero to becoming the major provider. A distortion entirely caused and engineered…
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IVA and renting
My monthly rent is over £800, an equity release agreement, the landlord wants me to leave. When I request the viewing of a property I'm asked what my inome is, but using the rule that rent should be a third of my annual income my rent is limited to £550. How can I get around this:I have proof of all my rent payments.
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IVA finished but just had letter from credit card co
My IVA finished in December, but today (3/4/24) I have received a letter from a credit card company showing that I still owe nearly £3000. I don't know what to do about this. I think I should ignore it, but as my IVA has finished, it should only show on my credit file until December next year, but if this credit card debt…