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Ive been stupid
Hey guys my First post! Me and my partner are in 37k of debt. I spoke to step changers today they advised iva or dmp as we are home owners( No Equity) My worry is 20k of this debt is only 6month ago with several loans with garrantor loans with high interest. Anyhow its come to the point were we can no longer keep up the…
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Want to do dro but maybe earning too much
My earnings are about 1500mnth, and we get about 1500 universal credit Our rent is about 1500 and living expenses only about 1200 Yet we don’t have any left at the end of the month Could I increase my expenses so that only £50 left at the end of the month so we qualify?
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IVA or DMP
I've been speaking with StepChange and currently have around £23,500.00 of unsecured debt (some of this being interest on a loan).The monthly payments for their suggested solution of a DMP is around £355.00 and it would take 5 1/2 years to pay this debt off. That's without the guarantee that the creditors (HSBC/MBNA) will…
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Are debt managment plans a good idea?
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IVA or ending it all?
Seriously don't know what to do....... Been hiding debt for years from family and friends, I have a proposal for an IVA ready to be sent to creditors, but the thought of my name being on a register is making me feel like not even being here...:( I have a high profile job...and feel so ashamed....the thought of people…
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DRO question
I've started the process of a DRO a few weeks ago, all done over the phone with citizens advice, now they've told me we'll have another phone conversation in January then wait until April/May for my DRO. Is this the fastest a DRO gets processed? Are there any companies that do it quicker? Cheers for any help.
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DRO completed, HMRC still collecting from my benefits award.
I'm at my wit's end. I was granted a DRO in July 2018, incorporating a large tax credits overpayment from HMRC. In June, they confirmed the full amount outstanding to them and I didn’t hear a peep for 12 months. They’ve now started claiming £80pm from my benefits as a repayment. They have confirmed that this is from 2015,…
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Can CMC debt be added to an IVA?
Hi all I owe a sum to a claims management company from a ppi payout. Can I include this in an IVA as they are technically not a creditor? Thanks
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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…
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Switching banks
Hi I'm after a bit of advice please. Unfortunately it looks like might have to go.down the iva route. As most of my debt is with my bank I have been advised to switch my bank account. The recommendation seems to be a Co-Op one On looking around the net, most seem to be going for the Co-Op cashminder (basic) account. If I…
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HELP! IVA Cancel or Keep?
Hi All, First time I've created a thread and really interested to know your thoughts.. Initially I thought an IVA was for me and for 2 and a half years it was... in the last 6 months my circumstances have changed, resulting in me looking for somewhere to live. In an ideal world, I would like to look at a mortgage but I'm…
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Recieving PPI after an IVA Closure
Hi all Newbie here. Long time watcher first time poster. Will try to keep this simple. My IVA completed in 2017. I submitted a claim fo PPI earlier this year and it was found I was owed just shy of £1,000. Months have passed so I contacted the bank(RBS) and was put through to their insolvency team. They stated as there was…
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Life after a DRO & business accounts
Hi there, It's now been a year since I have been discharged from my DRO. Since then I have gotten married, moved and become a qualified nurse. My husband owns several limited companies and would like for me to added as a director of them and to the business bank accounts. However, just before getting married, our joint…
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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…
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Completed IVA and PPI
Help needed please I had an Iva from 2011 and completed in 2015. My original debt was £12,400, and the IVA company asked me to check for PPI which was claimed back and they received this in 2015. The total amount paid to the IVA company from myself and the PPI was a total of £15,136. I received my completion certificate…
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Iva settlement help
Hi I'm looking for some advice if anyone can help me. I entered an iva in march this years, iv been keeping up with payments except for one month I had a payment break to recover repairs on my car.i owed my creditors around 18000 when I entered the iva I'm paying the minimum amount £80 per month I have 72 months left to…
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DRO help
Hello, long time lurker. I am thinking of going forwards with a DRO - stepchange are supporting my application, but I have only just sent the first paperwork lot off. I received a £4k payout last year from an employment tribunal, it was spent on learning to drive, car insurance and my honeymoon - things that, had I been…
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How/which creditors voted on your IVA??
Hi, I’m currently awaiting my IVA’s creditors meeting next Wednesday and they’ve given me a brief idea on how the creditors should vote, but I’m just wondering from anyone’s personal experience how they voted with you and if your IVA was approved?? Mine are: Bamboo TSB On stride Sunny Mr Lender arrears in housing benefit…
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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…
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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.
