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Should I get an IVA at 22?
Hi all, this is my first time posting so bare with me. I’ve accumulated just under £8000 in personal debt in the last four years. I’m starting to feel overwhelmed by the several different payments every month, and rising interest costs. At the moment my total monthly repayments are just over £300. I have spoken to some…
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Bankruptcy / IVA, unsure which way to go.
I've spent the last 10-15 years struggling with credit card debt, and have finally decided that enough is enough. I've got about £33k on credit cards, and £9.5k on a personal loan, all of which are in my name. Our house is mortgaged in both mine and my wife's name, value approx £185-190, mortgage is about £135k. Our…
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Getting a mortgage after an IVA
Afternoon, please could some one advise me on where i could get a mortgage from. I am now out of the IVA which ended on the 5th February last year and i am sturugling to get a mortgage to be able to move house. Some advise and companies that will not rip me off would be greatly appreciated. thanks
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Dro 8 months in
Hi, I'm 8 months into a Dro, I've checked to credit reference apps and both show different results. One shows most creditors with a zero balance and a few with a balance still, the other shows them all with a balance At this stage of a dro what should my crrdit history show on such things Thanks
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Mortage in an IVA
Advice please Currently in an IVA, i have the possibility to purchase my parents house which has equity release on it for about £40k leaving about £160k equity so would need to mortgage it to pay off the £40k i,m thinking i would be able to raise the extra to pay off my IVA would i be able to obtain mortgage does anyone…
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Do creditors have to default debts
Most of my IVA stuff has now dropped if my credit file, just 2 items to go. One of them is a debt which was included in IVA at all stages but was never marked as defaulted, just as late until IVA completed Do creditors have to mark debts as defaulted ? (It would seem unfair not to, for me it will drop off next year, but…
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iVA from abroad
Hi I currently have 49k debt from my time living in the UK (monthly payments around 2100/month). I left UK 15 months ago (outside the EU) and have continued to pay the monthly repayments/min pay fee. However, my situation has changed dramatically these few months (getting a divorce) and this has made the payments…
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My DRO journey
I've decided I want to keep a record of my DRO journey. I think it will help me to clarify my thoughts and reduce the stress of the process since I don't really have anyone to talk to about it. I'm a carer for my grandparents and registered as self employed so i can earn some extra money online. I don't earn very much and…
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Car on finance IVA entered
Hi I have just had my IVA accepted which I am so please about. I have a car on a lease agreement and was told this would remain the same and that I would be able to keep my car as long as the payments remained paid in time etc. I was browsing around for something completely irrelevant and got a big shock that said the HP…
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Lump sum IVA?
Hi, I’m currently debating debt solutions for £32k of unsecured debt. My partner can give me £10k, but would that be enough to offer as a lump sum IVA or would we need to raise more? Haven’t asked any firms, wondering if any lovely people on this thread have any experience or knowledge of this. Thanks
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DRO pending and telling council
Hi, Newbie here! Looking for much needed advise. Long story short i owe the council £972 for unpaid council tax from last yr. I was happily paying them £75pcm after it was sent to court, unfortunately i managed to miss a payment, so off it went to ‘CollectServices’ and they have been knocking and now the debt is £1252!!…
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Not quite 6 years since last DRO
Its not quite been 6 years since my last DRO was started. Can I start the ball rolling now, or is it even possible to apply before the 6 year anniversary? Who checks?
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Aperture iva anyone?
Hiya Is anyone with aperture for their IVA I am 9 months into mine and have recently been transferred to aperture from swift Has anyone been through the iva annual review yet with aperture? I'm feeling anxious😒 Any info would be greatly appreciated Thanks
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Rent Arrears and DRO
Hi All, Will including my rent arrears in a DRO lead to me being evicted? I have a payment plan in place to clear these arrears but obviously do not want to lose my flat if a housing association end up evicting me. I have emailed the housing association so will see what they say but wondered if anyone had dealt with this…
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IVA practitioner complaint and advice needed.
I have posted before about this, however I have developments. Basically, we completed our IVA. We have certs, all debts are settled and case closed. Then we applied for and got more PPI AFTER we had our certs and everything closed, however the PPI company (Creditfix) said they were "interested" in the PPI money, it went to…
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DRO and debts from abroad
Finally I am on DRO from June (2 months now) and everything is fine with my UK debs - no calls, emails or stress about it. But I included some debts from abroad and still have emails and calls from them. My questions what I have to write to ask some proof i am on DRO? when I filled my application i have contacts etc, but…
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Advice needed on iva
Hi. I'm new to this so please bare with me. 7 years ago I entered into an iva. The iva company at the time was Grant Thornton. When it started it was explained that the iva would be over 6 years instead of 5. At the request of my mortgage company. I paid regularly every month. It was also explained that 6 months from the…
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Is DRO for me?
I have a total of £7500 debt. One loan, two credit cards plus £500 on my next account. I am employed part time. My wages do not cover my debts and currently parents are helping to pay my monthly payments. My partner currently pays some of the house bills due to my debt the house and car are in his name. I am left with no…
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IVA help
I am owed over £17,000 by someone and have a CCJ against them for this, which the court bailiffs have been trying to recover. Today I got a letter regarding an IVA offer showing they owe other debts too, totaling over £31,000. It says the proposed repayment is £114 or £6840 over 60 months. It also shows Nominees Fees of…
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Moving whilst in an IVA
Hi all Been in my IVA for around six months now, and all is going smoothly. However:- I was recently informed my landlord is wanting to sell his house, not sure when, but he wants too. So, rather than wait to be served notice to quit, I have been trying to find somewhere new with my partner, and the only decent house is a…