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IVA and Marston Holdings ballifs
Hoping for some clarification and advice.. my husband and I are under a IVA (went into place last Wednesday) this morning a baliff attended our home insisting payment for a parking fine which we are sure is contained within the IVA. The ballif informed me he does not have to accept the IVA which we informed him this is not…
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DRO and paying off existing loan
Hi all, Thanks so much for the information I have gleamed from you all so far! I started talking about this plan on a different thread of mine but for the sake of keeping things separate I thought I would post here and see whether this is a viable plan. BACK-STORY - I have old debts going back 10 years and a current loan…
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DRO ended
Hello. Me and my husband had a DRO on both of our names for 6 years which ended in April this year. I was aware it would effect our credit for that period of time. However I am now trying to get a mortgage but the banks are saying because I have had a DRO I can't get one for two years or I need 15% deposit. My credit on…
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IVA and Correct Credit Marks
Hi, my IVA was approved Feb 2018. My IVA is with Aperture (not by choice as was with Swift). I am wanting to make an offer in full and final settlement. Apeture has advised the amount to offer. My 2nd charge lender has proposed to lend the amount required in principle, however for this to proceed to a formal offer which I…
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DRO Advice
Hello, I was self employed until a couple weeks ago. My GP has recommended that I stop work, start new medication & treatment,, and apply for PIP. They don't really see me returning to full time work at all. In the most optimistic circumstance, I may be able to gradually return to part time. This could be 6 months from…
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Creditfix IVA closure
I entered into an IVA with Knightsbridge at the beginning of 2014, i was moved over to Creditfix a couple of years ago, it has never been easy dealing with them. I was approaching 5 years and contacted Creditfix to see what was remaining as I calculated I had paid about £5k over the original debt so imagined if I hadn't…
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DRO preferential payment advice
Hi, Last week I finally rang up a debt solution company to try and seek some help. They have been great. One I went through my income and expenditure I was advised that a dro is the only thing for me. I sent over my bank statements and I had a phonecall today to which I had to explain certain payments to friends and family…
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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…
