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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…
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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…
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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…
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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…
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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…
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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.…
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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…
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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…
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End date for dro?
Hi all, My dro was approved on 14 sept 2018 and it is registered with that date on the insolvency register. I have read in the gov website that it will show an end date on there, but it doesn’t. How will I know the official end date, would I assume it is 14 sept 2019? Many thanks
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Dro,please don't judge
As title states please don't judge me just looking for some advice. I've been a problem gambler for many many years, won thousands, lost thousands. Finally and I really do mean finally I sought help and haven't gambled for 3 months, it's like I've been given a new lease of life, I feel free, BUT yes I'm in debt if around…
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IVA Bankruptcy or DRO Gambling problem addiction
Hello, I'm currently in financial turmoil due to gambling. My partner to whom I have 3 young children to have split on bad terms. I'm currently living with my parents. I work and earn a salary of approximately £30,000 a year. I pay the CSA for my children. I'm currently going through the family court to gain access to see…
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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…
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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…
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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…
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Question re: DRO and mobile phone contract.
Hi everyone, I am in the process of applying for a DRO and am in two minds as to whether to include my mobile phone contracts. I will struggle to pay them on the reduced income my husband and I are now receiving, but my concern is if O2 would then turn round and demand the actual handsets back, leaving us totally scuppered…
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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…
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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
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IVA & Student Loans
Hi all. I've applied to Open University a few months ago and am due to start my course in October. I applied for student finance and grants and all that. I applied for maintenance loan as well and in October when my course starts, around £1200 will be paid directly into my bank account to spend on what ever I like. The…
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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…
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inheritance & IVA
I hope someone can help me. I am literally 33 days off the end of my 5 year IVA and have just been informed I am to receive some money from an inheritance. But they have to do a bancruptcy check before they will release the money. Am I going to lose it all to the IVA? It is less than I owe. I had planned to fit a new…
