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IVA & DRO

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

IVA Payrise
Hi, I have only started paying into an IVA just under £200 a month. However low and behold only started into it and my circumstances change take a change for the better. I have now the opportunity to work overtime more regularly meaning I could earn around £600 a month extra. This fairs well to my future career with this…
Dro and council tax arrears
I received a dro on the 13th of August 2018 which included my council tax bill for 2018/2019 as they had asked for it upfront so could be included. On the 20th of August my partner and kids moved in. We notified HMRC , DWP, even went to council put in a joint letting application for housing. I received a council tax bill…
Capquest claiming I owe them money after 5+years
Hi all, after reading a few other threads regarding a similar issue I’d like some advice on my situation, so basically was in an Iva from 2007-2012 which I completed and received the completion certificate in January 2014, however yesterday I received a letter from capquest who brought the debt in 2009 from abbey national,…
IVA not showing / Credit card still are on credit report
Hi guys any help would be massively appreciated I have just finished my second year of my IVA and was looking through noddle at my credit report My IVA is not currently showing on their. I think this maybe because when the company raised it the used the shortened version of my first name Chris not Christopher. When I…
Obtaining a DRO
My partner and I have been together for 4, nearly 5 years. He is in 4K of debt. This debt was all before we met. He got made redundant and has since been unable to keep up the payments, they agreed to him paying £1 a week when he was claiming contributions based job seekers. He is no longer able to claim anything now aS I…
advice
hi abit advice needed after speakin to pay plan enquiring which they went through all the budget for an iva i was left 270 amonth to pay to my creditors how likely will this be accepted when we are 45k in debt total if i was to go ahead
Dro advice please!!
I am applying for a dro very soon but I was wondering what happens with my bank account. I have an overdraft so that will also be in the dro so I'm guessing I will have to apply for a basic bank account elsewhere. But when should I apply for one and also will all my benefits etc just be switched over or will I need to let…
IVA for my Husband
Hi, If my husband were to enter into an IVA, could the insolvency company take my earnings into account or make me pay? We’re are not financially linked in any way. No joint bank account or credit and the debts are in his name only. Thanks in advance.
iva help
hi i was just wondering will it effect an iva getting accepeted by creditors as alot of my debts is very recent and pretty large loans as i dramactically had a serious change in circumstances
help please
hi im looking into an iva as my cicumstances have dramically changed. i av loans store cards overdrafts around 19000 i have also recently took out a new car on pcp 35000k literally a month ago. any advice as volkswagon want 17500 if i give the car back they also gave the option of me sellin the car but even so a stil would…
DRO and bank account
Hi, I'm still plodding on and slowly getting everything sorted to apply for a dro. Just one question I need answering please. I have two bank accounts a Lloyd's classic account with an overdraft facility which I dont use and a Halifax account, no money is owed to these companies. The Lloyds account is used for benefit…
Need some advice please.
I recently spoke to a debt company who have arranged to send out a DRO pack to me so I can sort out my debts. I explained that this month I wouldn't be able to afford the repayments and they suggested I speak to the creditors. I did this but the creditors have said they wont accept not receiving money until the DRO is in…
IVA F&F settlement proposal - concerned about incorrect creditors
Hello, So I've been working on a F&F IVA lump sum settlement with a windfall payment from a family member. The proposal has been drawn up, approved by me and is now in the process of being sent to creditors. I've started going through some old paperwork now my I'm mentally starting to feel a bit more together, and realised…
DRO time frame
Hi all, My DRO was submitted 4:30pm on Wednesday evening. I know the ‘time frame’ is 10 (working?) days but I was wondering if anyone knew whether it is likely to be 10 days or if anyone’s have been approved sooner? I ask as on Monday I had Bailiffs on my door and it really is a race against time. I’ve been advised to not…
DRO and HSBC Current Account
Hi, I have received some forms today from SC to apply for a DRO. I have just recently opened a current account with HSBC (less than a week). When the DRO is approved, could HSBC downgrade the account to a basic account or freeze the current account at all when they find out about the DRO? To add, I have never taken any…
DRO finished, now what?
Hi all My DRO finishes today, whats happens next?Are all my financial handcuffs lifted? Am I free to do overtime etc now?
DRO - income deficit
What a wonderful community this is! I hope someone can help me. My DIL has just had a CCJ and asked me to help. She has debts of 11k and yesterday she and I phoned PayPlan who were really helpful and recommended a DRO. They sent us all details and recommended that we contact Citizens advice. We were so relieved, however I…
Bank Account after IVA
Hubby and I were both in IVAs. It should have been 5 years in June. He was made redundant and we were able to pay off his in full and mine with a f&f offer. We have our completion certificates. There is £17000 still left in the bank. Hubby is doing temporary but full time consultancy work. I work full time and we have…
Default not on credit history what do i do with the IVA?
Hi guys Just have a quick question So my father had signed up to an IVA. I had a look at his credit history the other day on experian, and the default no longer exists on his credit history. However, his IVA is still running and he is paying like £100 per month to it. I wanted to ask, does he still need to keep paying the…
IVA and PPI Refund - have we been ripped off?
Hello, My partner had to take out an IVA to pay off his debt after I had to leave my job due to illness. The company he took the IVA out with, suggested that he check for any PPI claims and referred him to one of their trusted companies. My partners total debt came to £6,200, and he successfully claimed £7,222.58 in PPI,…

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IVA & DRO

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