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IVA & DRO

Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).

Credit Score After Debt Relief Order
Hi all, This is my first post. I am coming to the end of my 6 years of having a debt relief order visually on my credit files (wahoo)! I was curious if anyone had served their 6 years and what their credit score changed too! My scores on Credit Karma have been consistent for months. They have been: Apr 497 May 504 Jun 504…
Quick question about a dro
Hi so I have applied for a dro and have submitted all my evidence etc. I got a email from stepchange today saying they have received the paperwork and that they need a little more information It said to phone stepchange so basically I phoned them and they said they will have to do a call back this Monday I said ok I also…
counselling fees..
hi everybody could anyone tell me whether counselling fees will be accepted if i apply for a DRO? im currently paying £80 per session once per week. will these fees be accepted or will they be discounted as they may change if my counselling sessions end or reduce in frequency? thankyou.
Iva windfall exceptions
Hi. I have had an IVA for a year. I have recently been awarded some money as part of an employment tribunal out of court settlement. The terms of the payment are for injury to feelings for disability discrimination (without them admitting liability). None of the award is for loss of earnings. As I understand it, there are…
IVA failing
Hi, I stated an IVA in February this year with Payplan and I’ve always been a bit sceptical about it as I think I was panicking so much I just agreed to to do as they said. My debts amount to just less than £6k Anyway I’m on benefits and will possibly lose them soon, so my Iva will fail, what happens then? Do the creditors…
IVA completed! Getting back on track
Hi, My husband and I have recently completed our IVA after 6.5 years (hurrah!). We would like to move house in 18 months, to a different area of the country. Does anyone have any advice on the following please? 1. How do we ensure we are in the best position to be offered a decent mortgage? (My husband's IVA has dropped…
Ccj help
Hi we moved house 18 months ago - picked up post today discovered a ccj in husbands name from a unpaid parking fine from feb thisyear- which we had no idea about .... apparently I was in a kitchen store for 156 minutes , the private car park has a maximum stay of 120minutes. the store said if they had our ticket within 28…
IVA vs. DMP? Specific circumstances
Hi all, I have a specific question about pros and cons of an IVA or a DMP. Basically, I have debts amounting to 35k and have calculated affordable repayments of around £400 per month. Editing figures via StepChange, it seems like I'm on the cusp of them suggesting a DMP vs. suggesting an IVA. However, I often have the…
DRO ended???
Hi, I took my dro out on 18/10/2018. I’ve logged into the insolvency register and it says ‘Status: Currently Subject To Debt Relief Order : Moratorium Period ended on 19 October 2019 See FootNote Footnote says ‘Footnote The debtor’s Moratorium Period End Date is in accordance with Section 251H of The Insolvency Act 1986.…
Confused and a bit upset about DRO
Hi Guys, I have been reading the threads and saw some information from the money advice service that has reassured me somewhat, but it was a while ago and my partner now earns so I am not sure what to do, having spoken to my advisor has worried the hell out of me and is making my anxiety skyrocket. I have also been told…
IVA done, additional payment required?!
Hi all, So I completed my IVA in May 2019 and did my final income and expenditure in January 2019. They accepted this as my final I&E in May and nothing more was needed. Fast forward to October 2019 and after hearing all but a system generated email and a recorded message from my IVA practitioner, I have just called them…
Hi i need a bit of help with a dro
Hi there, basically I am in process of setting up a dro with stepchange they have worked out my budget etc. I have filled in the application forms and am going to send it all in today but I have been reading a few people saying different things go and jus need someone to clear things up for me. So I have cresit cards that…
Drop but received new credit card
Hi, my DRO ends on 1st Nov (year has sped by) and one of my debts was a Sainsburys credit card. Theyve continued to send me statements every month but with no additional interest or pursuit of payment, and every few months a letter saying that they're obliged to tell me that I'm debt to them. Fine. I have however this week…
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…
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…
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…
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
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…
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…
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 & DRO

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