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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…
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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…
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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…
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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…
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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?
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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…
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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…
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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…
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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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Late IVA payment?
My IVA payment is due to come out tomorrow, however I am around £60 short for it. I was late paying January's one as well, but managed to call and asked to pay a week later and they said that's fine. I was unable to get hold of my company to explain and ask. This is the last thing I wanted to happen not even 6 months into…
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Can they revoke DRO from extra money?
I’m only getting Carers Allowance and Universal Credit and sometimes get a bit of extra money from family to help me but there’s never anything left over each month. I just wanted to ask, it’s my birthday soon and will be getting a bit of money. Nothing life changing just a few hundred but would they stop my DRO if it goes…
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Guarantor on friends loan who now has a DRO
I have a question regarding a guarantor loan I’m involved with for a friend. Last year I agreed to be a guarantor for an Amigo loan for 10K and all the paperwork was done etc and everything was set up and she was paying ok for a few months then maybe paid late and then after a few days made the payment, in October last…
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Full and final timescale
Hi I entered a full and final on an IVA 3.5 weeks ago and phoned them today as heard nothing. The variation is stilll being written. Would you say this is taking far too long?
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Annual Review
Hi, My annual review is due, for the last 6 months or so I have been living with a friend as my tenancy finished in my previous property. I am looking to rent another property in the near future as I cannot stay in my current location for much longer. My worry is that my IP will see I have this temporary disposable income…
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Barclays won't close my account!
Please Help! Any information would be really appreciated. I was granted a DRO in December 2013 and was told it can last on my file for 6 years, this year will be the last year its on my file. I've tried really hard to clean up my credit rating these past 5 years, paying off other debts, building good relations with new…
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IVA annual review
Hi all, I'm in an IVA with Payplan. £16k worth of debt and in fifth year of IVA. It has been extended till NOV 2020 as it took them a year to arrange a creditors meeting. I did an annual review last Feb and made arrangements to pay arrears that I had accrued whilst poorly. I have been paying this and the monthly amount…
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Advance on universal credit
Could anyone tell me if an advance on universal credit is counted as obtaining credit with regards a DRO. I just applied for 501.75 and approved, odd figure I know but it was rent and a cushion until first pay,until first uc payment next month. My DRO is ending third week of April so have i just scuppered things up asking…
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End of IVA
I have been in an IVA for nearly 4 years and as i approach what they are calling the final year they are now asking me to produce my complete bank accounts (statements) for the last 3 months. My undertanding is my bank account is my private info. I have no problems providing my last 3 month payslips but do object to them…
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Dro preferential treatment
Hi I need advise I have just received my dro application and stepchange have put yes to preferential treatment of creditors which right at the beginning I said I had paid my door step lenders money whilst I hadn't paid the other creditors. One door step lender was paid with continously payment authority up till December…
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IVA Miss selling
Hi All, I'm towards the back end of my IVA after four years of hardship. I am looking back at the payments I have made (incl. Interest fees and broker fees and IVA fees etc...) and I can't help but think that i was miss-sold my IVA when i first took this out. I was in a sticky situation where I owed £300 to QuidQuid, £800…
