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Overtime/key worker
I have been doing overtime as I am a key worker and work for in the civil service. Due to the Coronavirus I have been supporting the organisation by doing extra hours. Usually you can earn 10 percent of your wages extra but after that it’s 50/50 split with the creditors. During the Pandemic I have heard that due to being a…
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Re-Mortgage and secure loan in the last 6 months of an IVA
Hello I wonder if anyone can advise me re a re-mortgage/secured loan. I am in the last 6 months of an IVA and have been asked to release the equity in my home. If I apply for this with my current lender will this cause issues for my existing mortgage please as I realise I will probably be turned down. Thank you in advance.
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Worrying about losing my car
Hi just a question I am in the process of setting up an IVA with 18k of debt. Have been told I will be able to keep my car which is worth just under 10k and was a gift from my parents a couple of years ago. I need the car to get to my job and also get my children to nursery and school etc. Look forward to having some…
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Have dro also company right off
What I owed Lowell said they right off what I owe them but they still reporting on file as not paid kind of thing can Lowell day sell those debts and then I get chased again or because they said I don't owe it they won't sell will be debt free November 4th then I'll have to do a credit clean up I been here while lurking…
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Any delay on DRO applications
I’m thinking of starting a Dro application and was wondering if there are delays with the higher numbers of defaults at the mo
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Iva. And Coronavirus
Hi all I’m currently paying into an iva and wondered if anyone had been able to take a payment holiday from theirs? Husband is furloughed, son left college and now my daughters home as uni has finished and can’t get work. 4 adults in the house and only 1 income at 80%, plus my benefits. I will approach the iva company and…
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Starting a Limited Company after a DRO
Hi, need some advice.. How long after completing a DRO am I able to set up a Limited Company? My DRO finished around 12months ago and I've been given an opportunity to work freelance but have been advised that I need to invoice through a limited company. Am I eligible to start one up?
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IVA and the implications on your credit file
I'm just after some advice really. About 2-3 years ago, an IVA was added to my credit file due to an old student account I had with Barclays. I hadn't used the account in couple of years and they had added charges each month, I paid irregularly over the years but always kept it under the overdraft limit. anyways it goes…
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Creditors continuing to chase us
So me and my wife decided to enter into DROs last year, my 12 month period ends in June and my Wife's ends in November. Both of us are continually chased by creditors, I have had to change my mobile number as a result and we have unplugged the home phone. The main culprit for both of us is TM Legal who continually ignore…
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Creditfix IVA I no longer can afford, kind advice please
Hi There....any advice on this situation I would really like to hear it please. Background.. 3 years ago I left ex husband because he was racking up debt in my name (along with other things!) I left the marriage with just over 13k in debt, I paid it for a year and struggled paying it. I then went and spoke to a debt…
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IVA HELP
Hi. I've done five year's in the iva and may after do another year if there is no equity release. But when would you receive a completion certificate. Would that be after 5 years or 6.
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Iva help please
Hi I've been in a iva 5 years but might after pay for another year if I cannot release equity. But my question is,is this removed from your credit file after six years
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When does your Experian report return to a decent stage
After starting the IVA in Sept 2013, I submitted a full and final offer July 2017 receiving my completion certificate in May 2018. My credit file has been cleared of all IVA details but my Experian score is showing at 999, which I believe it not good as it shows no financial experience. I have a credit card which I…
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Is it too late to back out of an IVA?
So I'm currently in £9000 worth of debt. I sought help through a company as my monthly repayments are very high and i wanted to reduce them. They suggested an IVA and this at the time sounded like the right idea. I said yes and they are currently arranging the paperwork to go through with it. Upon doing my online research…
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IVA Aperture Early Settlement
Hi Just wondering if anyone could help me. I am currently in an IVA with Aperture and i'm looking to settle this early. Overall i owe around £6500 and currently pay £127 per month, with around 50 monthly payments left. Does anyone have any experience of settling an IVA early with Aperture and if so can you please let me…
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Job change in IVA
Hi everyone, I’m currently in my second year of my IVA. I’ve recently been furloughed from my job in a pub due to Covid-19, I decided to take a job as a carer to help the community and give myself something to keep myself busy. I get paid weekly from the pub and my pay from the care home is 4 weekly, I’m due my first pay…
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Overpayment of student loan and DRO
Hi, I left uni at the start of my 2nd year - as I did not complete the year, the student loans company decided they had over-payed me and requested I paid the £1000 back immediately. As far as i'm aware, this is a separate balance to my actual student loan - and has been a creditor in my DMP for the past 2 years. However…
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Student Loan Payment Decrease - Will IP change monthly payment now or at Annual Review?
I have received my wage slip today and my student loan payment has gone down by £60. I had 2 student loans, 1 of each type, and 1 one of these was paid in full last month. I will let Stepchange know this via email but expect a delay in response at present and wondering if I will need to pay this extra into IVA now or will…
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DRO
I've been advised to apply for a dro but need to sell my car as it's worth a little more then a 1000 pounds, can I sell and stay as the registered keeper so I can drive the person to places they need to get to as they dont drive! I've been told I can and then told I cant from different people!! TIA
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Of sound mind!?
I entered into an IVA June 2018 after 6 months previously having spent 3 months in rehab due to alcohol related issues. I took early redundancy due to ill health in December 2019 and am looking to settle with Creditfix. My original debt was £21,288 and have paid circa £3k off this. The settlement figure is £26.5k which has…
