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Iva - release equity
Hi, Myself & Hubby are heading into an IVA. Paperwork has been sent off to creditors and awaiting response. The proposal is 32p/£ - Do you think this is reasonable? Payplan said they dont think its unacceptable as our I/E is already tight. Im worried incase it doesnt get accepted and then I dont have a clue what we will do…
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Ex wants to go for an IVA. Where does this leave me?
Good afternoon, I’m asking you knowledgeable people to help out with a question for my partner. His ex wife (not yet divorced as he thought he was doing the right thing for their daughters not forcing things with the house etc, but separated for years) is planning on doing an IVA and he has no idea where this leaves him.…
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DRO and self emp expenses
Finally have money to pay £90 for DRO. On application I put £300/month I need to live. Now I can see next month I will get around £400 but £100 will be reimbursements from job. Do I need to tell and explain to Payplan this or just do nothing and keep payslips, invoices just in case somebody will check one day? for example…
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Advice needed re collection of debt after iva
My husband entered into an IVA February 2012 which included a debt owed for a saga credit card for £2,566.24 which is in a column headed " accepted without modifications ".On another sheet it is entered in a column headed"No proxy/No proof of debt/invalid.The completion of the IVA was February 2017. Now out of the blue he…
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Thinking of an IVA
Hi everyone, I’m new, but hopeful of some good advise. I’ve been to see an IP today who has advised me an IVA is the best solution for me to look towards. My current situation is that I’m a company director of a business which is extremely viable, however has lost some income, which in turn means my take home…
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IVA & Partners
Hi, My partner has in the past had an IVA (less than 6 years ago). We are both due to sign a lease to rent our first house and I myself currently have quite a good credit rating. I was curious to know if by both of us signing the lease, would his IVA or poor credit rating affect my credit rating after both of us signing…
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Iva equity release.
Any help or advice much appreciated. Started iva in 2013 with debt free direct richard savage was our ip. Statement affairs says house valued 102k mortgage left 102968. In last year now but during the time passed from dfd to aperture and ip is someone else. Cannot find orginal ip details on any sites to ask questions. Any…
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Applying for a DRO
Hi, This is my first post and I’m sure this has been covered many times before so please accept my apologies. I am trying to sort out my debt problems and take control back. I am working with Step Change and they have advised that a dro might be the best option. My problem is my figures for my debt are very close to the…
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IVA - Salary increase
Hi, I know this question has been asked a million times, but I'd like to present my question. I'm due to join a new company in the coming weeks and am expecting a salary increase. I'm trying to understand whether I need to let the IVA know if this change/increase now or wait until the annual review? My annual review is due…
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IVA stress
Can anyone help?? I'm 6 years into an IVA which was extended until next May due to ill health my mum has passed away and I will be liable for the full debt that I started with regardless of the fact that I have so far paid over £10,500 into my IVA I have been told this is not deducted from the original debt.
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Help to Buy ISA after a DRO
My initial 12 months is almost over and I'm planning for the future. The past 12m has been a real eye opener, and without the burden of debt I have been able to make some real changes. I am hoping to soon have a better paying job which would make buying a house a reality. Has anyone had any luck opening a Help to Buy ISA…
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DRO & wifes pension
Morning folks, excuse me if this is a dumb question, at present I'm eligible for a DRO, however, in August my wife will have access to a substantial private pension, will this bar me from being able to apply? Thanks
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iva , 4 years and starting to rethink my tactics
Dear all Please can you help me with some advice/ tips? I have a history of large credit debt, ( many credit cards, consol loans, payday loans, ) and following a failed dmp, I entered into a 5 year iva (equity clause applies) The iva is large 73k is the total debt and so far only 63k is proven. The iva proposed that I pay…
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Selling house, waiting for IVA certificate - how long?
We had an offer accepted on a house months ago, the sellers told us after this that they are in an IVA agreement! They have apparently now made their last payment and are waiting for their certificate so have taken their house off the market – it’s only been a month since their final payment, I understand that the…
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DRO now daughter awarded DLA
Hi, My DRO started in December, my daughter has just been awarded DLA, also now entitled to extra tax credits. I am reading mixed things about DLA being considered as income for DRO. Know I need to call them but love to hear any advice. The money will be used solely to improve my 6 year olds quality of life. Many thanks
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Iva or dmp
I'm £26,000 in debt and I'm so scared. My options are bankruptcy which scares me to death, an IVA or DMP. I want to be able to have a life but not be paying debt back over more than 5 years. Need advice? Im single live in a rented 1 bedroom flat. I have a stable job where I earn £1600 a month. I have no real assets like…
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prioritising bills
I have started the dro process and need a little advice regarding prioritise dept ( paying one item and not another )
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DRO and employment
I'm still in the process of sending my application to SC. SC has asked if I am employed. I am. Do I really need to put my employer's name and address down? I prefer not to as I am worried they contact them about my debt. I work for a pharmaceutical company, therefore, the debt won't really affect my job, but I'm just…