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Iva
Not sure if I should do a iva anyone done this
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Dro
What are the max allowances when working out your expenses? we are earning £26k pa and our expenses don’t look that much but we really can’t pay our debts
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Debt Management Plan
Hello, I'm really hoping for someone to give me some advice. I have unfortunately got myself in a mess with money over the years. Credit cards when i was younger then a loan to pay the credit cards, then spent more on credit cards to get another loan. Now i am really struggling to get by each month with the payments. I…
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Yearly review
Hello all, I'm currently doing my yearly review of my income and expenditure and noticed that they have put my council tax reduction in as an income but have also put the reduced bill after reduction as an expenditure. Surely if they are classing the reduction as an income then the full bill should be used in the…
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Not sure what is the best way forward
Hi all, Let me start by saying I'm dealing with CAP for my debt issues, and have spoken to StepChange too. I am a student with no income, but this will likely change to around £2k/month in July. My debts are all credit cards/overdrafts with no missed payments until this month, where I am now making token payments of a £1…
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Payplan/Stepchange budget help
Hi, I’ve put my SOA on here before but I’ve since updated it as some incomings and outgoings have changed based on life circumstances. I’ve been to CAB today who were lovely and agreed a DRO would be the best option for me. They looked at my SOA (see below) and said there’s nothing out of the ordinary and all looks good.…
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IVA year 6 - declare bonuses?
I've just come to the end of my 5yr IVA and have agreed a further 12 months payments to close it all off. My IP seems pretty relaxed and has said they don't really do much of an income/expenditure washup at the end. My question is if I get any bonuses during the next 12 months do I need to declare these and pay the surplus…
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5 years finished paying IVA
Hi, First time posting. Basically my 5 Yr term has come to an end on my iva, from the beginning they have said they will look at equity at the end of the term etc. They forecast I would pay £9k back over the 5 yrs out of the £17200 and pretty much 10k would be written off. Great I thought. They have been in contact and…
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IVA completed can I get payday loan refund
My Iva was completed may 2018 I had 11 payday loan lenders included in Iva can I complain to get refund off interest for mis selling to me as they were unaffordable from them
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Joint loan
Hi i took out an iva and this was completed a couple of years ago.one of the creditors was for a joint loan which i had with my ex wife.she recently was contacted by the creditor saying the balance was outstanding. I thought including the debt in my iva would have just got rid of the debt.As far as im concerned im now debt…
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DRO - inconsistent credit report
Half way through my DRO some creditors have closed accts others wiped balanced to zero and some are putting on defaults for non payment. I'm really confused as I am aware that the DRO will be on my credit report for 6 years but I don't want a years worth of red defaults on each of my creditors. What should my credit report…
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IVA completed but being chased for info
Good morning! This is my first post, so please bear with me. Back in April 2019 I was extremely lucky to be able to pay my IVA off in full. This was due to my partner remortgaging and being able to give me a lump sum of cash. I now pay him back each month instead. I received my IVA certificate of completion and PayPlan…
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Applying for a mortgage with IVA and Default
Good evening Looking for some advice or if there has been any similar situations on applying for a mortgage with an IVA and default. My partner is in his 4th year of his default (£4k) and I have completed 6 years Oct 2019 of an IVA. The IVA was for a Halifax loan. Although the loan was paid off initially fine for the first…
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Renting after a DRO
Hello Me and my wife have had a DRO in the last couple of years, but have been cleared now for nearly a year. Our current landlord is a friend of the family, but unfortunately he is having to sell the property we live in. Looking around estate/letting agents, we've seen a few places we like, but every time we apply, we are…
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IVA support and discussion thread
IVA's. There is a lot to talk about so I have started this thread for anything IVA related. Whether you want to debate any aspect of an IVA, ask a question, share your IVA journey including high and low points or offer support, are thinking of starting an IVA and have a million questions or having completed an IVA you want…
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Restriction against Land
Hi, I am looking for some clarification please...? My Ex-Wife applied for an IVA late last year. We have a joint mortgage that I’m paying, although we agreed to sell this year. I have a letter asking me to consent or object to a restriction against the land. I am wondering if this will stop us selling or make it harder to…
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Telling parents about IVA
Hello everyone, I am about 6 months into my IVA so still a long way to go. The main issue I have at the moment it my husband and I live in a house owned by my parents and they want us to take on the mortgage. My husband is aware of the situation but my parents are not. I have looked into the possibility of getting a…
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Used Paypal finance by mistake while on IVA
I unknowingly had Paypal credit set as my default payment method when paying for things via Paypal. I wrongly thought that these payments were using any money I had in my Paypal from selling things on eBay and didn't really keep an eye on what was going in and out of the account as well as I should have. At first I ignored…
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Does your credit file change 6yrs after dro?
Can someone get credit easier when the dro record drops off your file?
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Barclaycard refusing to write off £8.2K DRO debt
Hi everyone, Has anyone else had problems with Barclaycard refusing to write off debts included in their DRO? Mine was in January 2018 and the debt was for £8.2K and was clearly included in the DRO. I've written to all the credit agencies who then further wrote to Barclaycard querying the matter. One credit agency later…