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Ending Iva
i ended my Iva in June and I still haven’t had confirmation please help any advise would be great full
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DRO Accepted but questions...
After meticulously going through my bank statements over the last month or so, and seeing the money coming in, and the money going out in terms of rent, council tax, bills, etc, I did the expenditure form with StepChange it left me in a negative. I applied for a DRO via StepChange/Money Wellness and was accepted today. I…
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DRO submitted
Hello, I signed the final version of my DRO application on Friday ready for submission. This was completed by someone at my local CAB office. I just wondered what else is sent with the application? i had obviously given them payslips/bank statements etc are those also sent to the insolvency people or was that just so she…
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Moved: Charge on property 21 years old
This discussion has been moved.
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Full and final IVA
Hi all, I have done a few posts on DMP’s and feel I now mostly understand them. Just now looking at other options. I will have a debt total of about £60000 unfortunately. Could I look at a full and final IVA straight away? A family member has indicated they would gift £18000 total if this cleared it with no monthly…
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IVA advice
Hi all, I’ve just set up an IVA with Payplan and made my first payment this month. I’m starting to worry that I may have done the wrong thing and perhaps looked into DROs instead. I did my budget with PayPlan - previously had a DMP via StepChange but this was going to take me 11+ years to repay. My total debt is £34k and…
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Applying for DRO but I’m very anxious
Hi everyone. I’m new here. I guess I’m just looking for reassurance. I qualify for a DRO. All my paperwork is pending until the 4th when my bank accounts switch. Once they’ve switched, the DRO paperwork will be sent off. I know realistically this is the best thing due to my circumstances. But, I just have this feeling that…
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Can you cancel benefits to fit within the DRO requirements?
If I worked full time and had a salary that fit within the DRO requirements but I also received Universal Credit and LCWRA. Meaning that it put me over the £75 disposable income limit. Would I be allowed to cancel my Universal Credit even though i was entitled to some benefits ? Would this be seen as fraudulent behaviour…
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New to iva
Hello all, I'm currently in the process of starting my iva, just looking for advice of people who have been in them for while, me and my wife are obviously to all this.
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Using credit card before a DRO
I am thinking of applying for DRO but I have used my credit card recently. I didn't realise that you weren't meant to. I don't know if I should go head with it now?
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How to work out income
I am thinking of applying for DRO. When I fill in income do I put the whole amount on my U/C claim. I am currently on a joint claim for U/C with my partner. I also give him £150 for his bills from the claim because obviously part of the money is his. How do I go about taking that money off? Neither one of us work at the…
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Accounts Default 4 months after dro ended
Is it normal that all my accounts included in dro are showing default with dro start date? Shouldnt they be showing as settled?
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Considering an IVA
Hi everyone, I am applying for an IVA but really want a DRO. They said my affordability isn't low enough for a DRO. I don't drive now but will be getting a car in 2 months time. It is worth £3,000 and will be gifted to me from my dad because he doesn't need it anymore. I will need to pay for petrol, tax, etc which will…
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Merged: Where do I stand with salary sacrifice scheme?
This discussion has been merged.
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DRO pre application worry.
Hi, step change have recommended a DRO for 45k of mainly Ccard debt. i have an overdraft in a joint account, what should I do about this. How are mobile and device (in contract) handled, step change left it in my budget.? Also this is the first month my Ccards have come off 0% and I’ve never missed a payment (switching and…
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OVO Energy Ignoring my DRO
My DRO has been in effect since July. I informed all of the companies named on the DRO and all has gone as it should except for my debt with Ovo Energy. My debt with them that's covered by the DRO is about £1200 which left a balance for me to pay of around £500. This is for this year's bill so far. I cancelled my DD as…
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Considering a DRO
Hello, I am considering a DRO and have some questions regarding it. 1. I am up-to-date with my mobile provider contract (EE & Sky) and husbands, will this be revoked when I submit the DRO if I continue to pay? 2. I am on a Sky Stream subscription for watching TV, would this be closed as part of my DRO too if I continue to…
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Life Insurance & DRO
I know if you declare yourself bankrupt the official receiver also takes off you any life insurance policies you have. Does the same thing happen with a DRO?
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Demanding letters 10 years after DRO finished.
Hello, a close friend of mine had a DRO that ended in 2015. He has recently disclosed to me he gets the odd letter from Santander every year with a statement of what he stills owes but it says "this statement is for information only". This year he's received 3 letters. 1st letter states "23/09/2023 opening balance…
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Wrong Creditor on DRO
Yet another mistake by moneywellness. I noticed one of the creditors on my DRO is incorrect. The figure is precise, but instead of the Creditor reading JC International Acquisition LLC , it instead says Creditlink Account Recovery Solutions Ltd. God knows how they could have made such a mistake. This is after having my…
