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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…
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Can a mobile operator cancel my phone contract if my other one (with them) is in a DRO?
Hi All, As well as several other debts I now have a CCJ for rent against my name and I've been to see the local Citizens Advice who are going to do an experian credit report on me and see if I'm eligible for a DRO as it seems like the only feasible option for me due to mental ill health. I have two phone contracts in my…
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Is an IVA right for me?
I have 32,000 pounds worth of debt and earn 33,000 a year. I’m currently on maternity leave which has forced the issue because I can’t afford the repayments. Payplan have suggested an IVA with repayments if 500 a month once back at work. On one hand, This seems higher than I have seen for many IVA’s but then again, is less…
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IVA with Payplan - advice
Hi, I think I have finally decided to go down the IVA route and have spoken to Payplan about it. I am around £80,000 in unmanageable debt due to my marriage breakdown and subsequently living on a single wage with all debts in my name. I worked through my outgoings and I have approx £480 left to pay back per month which…
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No more than £500 debt whilst in a dro
Hi, my dro is due to end in may... I'm wondering if anyone has ever got a contract whilst in one as it states you cannot get more then £500 credit... would this class as credit... it would only be a small contract as needed for my son:beer:
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Urgent Advice please
Hello Some advice needed please as have a "gut" feeling if it's too good to be true.... Myself (23k debt) and partner (16k debt) living together (council rent so non homeowners) with x 1 15y dependent child have been speaking apparently to a IVA charity who after doing the sums have recommended both of us have IVA with 2…
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IVA in need of Business Bank Account.
Hello, I'm new to the forum! I've found myself in the following situation: I'm 3 years into and IVA after amounting debts in my 20's. I am a sole trader but have recently incorporated as a ltd company as I am receiving a grant from Arts Council England and want that money to be separate from my personal money. The Arts…
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How much lump sum to end IVA
Hi all, First time posting so apologise if I’m not up to speed with etiquette but looking for some advice. Basically, I have been in an IVA for two years which is reasonably well managed (payments up to date etc). Mental health and single parenting role led to original debt and I am now living within my means etc. I am in…
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DRO questions
I am considering a DRO for myself and my husband but when it says you can't have more than 20k debt does that mean each or together? also my husband is not working at the moment so don't have more than £50 left but what happens when he gets a job and we potentially have more than £50 left? what does this mean for the DRO?…
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DRO or DMP?
Hello I am in about 5k debt with 3 lenders, have been to CAB today and discussed with a debt advisor. I have 2 options a Debt Relief Order or a Debt Management Plan, I'm not too sure which one to go for. Just a bit of background, I'm 26 and have a 3 year old son. I am currently signed off work sick for depression and…
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IVA Completion
I wonder if anyone can help me.... I have been in an IVA for a few years now, originally set up with Harrington Brooks which was then taken over by Freeman Jones, (horrendous communication!!). I made my final payment last April and sent off the equity proof thing that they asked for. After not hearing from them until SEVEN…
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Moving from IVA to DRO
Hello all I have a few questions regarding this. I recently posted looking for advice, and since then have decided having looked at my budget using StepChange that a DRO is 100% the better option for me, and is recommended based on the figures I provided. I do have a question though and hope someone can help. When…
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IVA Windfall
Had an IVA for just over a year now and stuck to the payments, it is getting easier budgeting and the first 12 months do appear to have flown by. Expecting a windfall payment (inheritance) sometime this year and do not want this to disappear into the IVA to pay the original debt figures (I assume the debt reverts to that…
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IVA advice please!
So I contacted StepChange for advice regarding my debts before Christmas and they first suggested bankruptcy but I carried on struggling onwards and didn't do anything else about it, but stopped paying into my NHS pension to free up an extra £100 for bills. Last week i did the StepChange debt thingy again, and this time…
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Considering a DRO, but waiting for court case to conclude
Dear all, I have around 13K in debt. I also have a County Court case which I have brought, which may or may not result in an adverse Costs Order against me, particularly if I lose or my claim gets struck-out. I take it there is no issue with including any adverse Costs Order in the DRO, as they do not appear to be an…
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Opening a basic bank account
Hi guys, As some may have read on my other threads I’m looking at applying for a DRO. I currently have debts with my current bank account (a credit card, loan and overdraft). My next payment due out for that is on the 16th. I’ve already not paid my aqua credit card this month (was due on the 1st) and am getting around 5…
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PayPlan IVA & Debts
Hi all I started my IVA around Feb 2019. My total debts amounted to about £15,000. I done the I & E etc, and the total amount I had to pay was £50pm. I regularly work overtime so my payments were never that low, always around £190, highest been around £300 I believe. I've paid roughly £1,500 to date. I feel now that I want…
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IVA, how far back do they check accounts
Hi guys, really need someone's help. I applied for an IVA 6 months ago after struggling with over 10+ yrs of debt (approx 30k). I've worked 7 days a week since to no avail. It was made worse after having a child 2 years ago and the wife being off for those 2 years (with no income) with son being ill all the time At the end…
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Annual Reviews
Hi all, Just about to apply for an IVA, however, I have been looking for more information about the annual review as it is not very clear from my research what it consists of and how it is done. Do they take 12 months bank statements from all accounts, HMRC check, scrutinise all payments etc.? Would anyone be willing to…
