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IVA Bankruptcy or DRO Gambling problem addiction
Hello, I'm currently in financial turmoil due to gambling. My partner to whom I have 3 young children to have split on bad terms. I'm currently living with my parents. I work and earn a salary of approximately £30,000 a year. I pay the CSA for my children. I'm currently going through the family court to gain access to see…
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moratorium questions and advice on DRO application please
Hi everyone I am looking to apply for a DRO very soon but I have some questions I have not been able to find the answers to. 1 I have a holiday planned during what will be the moratorium period. (There has been sacrificing and putting aside for this holiday for years, so please don't feel it is being frivolous) Am I better…
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Inheritance payment after IVA
Hi, I am hoping someone can help please. I have one final payment due on my IVA after 5 and a half years (6 month extension from a break was taken). The past few years has been a nightmare but light is at the end of the tunnel! My uncle passed away with an unsigned will in which I was named and I updated my iva company as…
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IVA Completed and Charges on Land Registry
I've completed my IVA. I have found three charges on my property from creditors included in the IVA. I've contacted HBOS who argued with me that I still owed as they had a charge on my property. I've finally managed to get them to agree to remove the charge, but they still have not. Nearly 2 months on:mad: I'll contact…
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Question re: DRO and mobile phone contract.
Hi everyone, I am in the process of applying for a DRO and am in two minds as to whether to include my mobile phone contracts. I will struggle to pay them on the reduced income my husband and I are now receiving, but my concern is if O2 would then turn round and demand the actual handsets back, leaving us totally scuppered…
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DRO complete - being chased for old debt
Hi there, I had a DRO which ended in November 2018, I was removed from the register February '19 after completing the year. I have now received an enforcement letter relating to a council tax debt covered by the DRO. I am just about to email them and my council a copy of my DRO letter but have noticed that although the…
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IVA done, what now?
Hi, Not sure if anyone can advise me but I have now settled my IVA 🥳 but wondering what to do next, how to build up my credit score etc Any advice gratefully received Thanks B16
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IVA & Student Loans
Hi all. I've applied to Open University a few months ago and am due to start my course in October. I applied for student finance and grants and all that. I applied for maintenance loan as well and in October when my course starts, around £1200 will be paid directly into my bank account to spend on what ever I like. The…
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Credit Clean Up Post IVA
So long story short, I had a business that failed. I had various business debt, my wife was just the mortgage. We ended up handing the house back to the bank as it was in negative equity. My wife and I tried for a joint IVA initially that was rejected by one of my creditors. I ended up going bankrupt, my wife managed to…
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inheritance & IVA
I hope someone can help me. I am literally 33 days off the end of my 5 year IVA and have just been informed I am to receive some money from an inheritance. But they have to do a bancruptcy check before they will release the money. Am I going to lose it all to the IVA? It is less than I owe. I had planned to fit a new…
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IVA + Mortgage Advice
Hi, My girlfriend and I are looking to take advantage of the help to buy ISA before it closes at the end of November. However, I have recently entered an IVA, will this affect our ability to have an ISA? And when we are ready to buy in the next couple of years how will my IVA affect our mortgage application? Is there any…
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IVA Marker- but I cancelled it before it went live...
I applied for an IVA as I was struggling to find a debt consolidation loan. There is an IVA meeting due to take place, however, I have cancelled it. As I managed to find a lender that would allow me to consolidate my debt and make it more affordable for me via a loan. Whilst the iVA would it restrictions on my promotion…
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Dro and DFS etc
Hi, I'm currently in a DRO myself but mine was fairly straightforward, and I have a friend considering a similar thing. She is now in disability benefits and satisfies the £50 rule. She has £13k on a credit card, 1.5 grand outstanding on a finance plan via DFS and another 800 on Yourplan which I think is Curry's. Can she…
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I have an IVA, my wife does not, can we rent
I have an IVA, but my wife doesn’t and her credit is good. We’ve lived in our rented property for 8 years, never a late rental payment. IVA is a year in and up to date. As our two daughters get bigger, a move would be good, but is this an idea worth thinking about, or will my iva stop us being able to rent? I make £35k a…
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DRO and Rental Agreements
Hi Everyone, I'm looking for a bit of advice. Im currently working with Step Change to apply for a Debt Relief Order. When I initially spoke to them, I asked if my house was safe. Both me and my partner are on the rental agreement but the payments go out of my husbands account and he covers 100% of this bill. I was told…
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IVA & Student Loans
Hi all. I've applied to Open University a few months ago and am due to start my course in October. I applied for student finance and grants and all that. I applied for maintenance loan as well and in October when my course starts, around £1200 will be paid directly into my bank account to spend on what ever I like. The…
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it is easy to cancel DRO
I am probably very lucky, because yesterday I won £10k but I am on DRO 3 months already. Did not get money yet, seems have to wait until Monday. What I have to do? Just call and tell I need to cancel DRO? It will be easy? And probably is better to contact them when I have money in my bank acc? I am so happy now but have…
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IVA transferred to sister company?
I've posted quite alot to do with my IVA that I've only just started 3 months or so ago. I do try to look on the forums for info before creating a post. My IVA 'case' has been transfered from Swift Insolvency Solutions to it's apparent sister company Aperture. I called Swift and they did confirm this. I've also had an…
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IVA issues
Hello everyone, I’ve just joined the forum and hoping some of you can help me with some issues I’m having with my IVA provider. Ok, so in March 2018 I entered into an IVA to settle 48k of debts. I’ve been paying £300 monthly which over the five years would of meant a repayment of 18k. A clause was set within the agreement…
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Iva i&e + pip
Hi, I have had an IVA in place for a year and have just received a letter asking me to supply a new income and expenditure sheet. When I first applied for the IVA last year, I told them I was in the support group for ESA and also got low rate DLA. I had always been told that DLA is never counted as income but the company…