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IVA & DRO

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

IVA Ford finance
Hi all I have a car on HP with Ford finance Due to marriage breaking down and having to care for my twins - one who is disabled I have had to give up work. I've been left with alot of debt and am looking at an Iva however I have a car on HP with Ford finance, with family discount. Does anyone know if they will repossess my…
Iva to setting up my own dmp
Hi I'm in my first year of an iva worst mistake ever with payplan I'm looking for advice I feel like I would be better of with letting my iva to fail and to write to my creditors and set up a payment plan with them has anyone attempted this. NEED HELP!!!!!
DRO and Payrise
My DRO is due to end in the middle of March, and my work have informed me that I will be getting a payrise at the beginning of march. Do I need to tell the Insolvency service? I wont get paid until after my DRO has ended.
IVA annual review
Hi there, Hoping you can help. My IVA company has sent me a link to log into online to complete my first review. When going through this, I'm asked to give my online banking username, password and other banking detail details. I'm very suspicious about doing this, especially as the first email I got from them was quite…
DRO and creditors not showing on experian
Hi, My husband is applying for a DRO and we have printed off the credit report however there are 2 accounts that have been passed to Debt recovery companies that are not showing on the report. we have the letters from the recovery agents though, what happens with these? Also our furl is £60 per week due to the distance my…
Iva help
Hi there, help needed please, I am in my 5th year of an IVA and I had been asked to remortgage and as expected my current provider refused, I have also tried online and refused there as well, I was then contacted by select partnership and offered just over £8k by them and they said they would be able to settle my IVA, my…
Debt Relief Order, 02 and Virgin.
Hi all, I am submitting my paperwork for my DRO in the next week or so but have just realised that my 02 contract, sim only £15 pm is due to end in May. My Virgin Contract for internet and TV £56 pm is due to end in August. Neither of these companies will form part of my DRO. Should i switch providers now or wait till the…
Review
Hi Had e mail today with my annual report. End of 1st year. I note that some creditors have not submitted a claim or proof of debt yet. If they don’t at all in the 5 years is that debt still cleared. Also have not been asked for income or expenditure update. As one of creditors who have not submitted a claim was the main…
IVA debt written off after 5 years?
Correct me if i'm wrong, but i read that if you have been in a IVA, the debt can be written off after 5 years? Is that correct?
basic account needed
I am looking at a possible IVA and need to open a basic account. It cant be linked to hsbc, lloyds or tesco banks. I am not sure if TSB would fit the bill as I think they have now completely split from lloyds. Can anybody advise what would be a good bank to use.
IVA and PBA reclaim
Hi all, I have finished my IVA nearly two years ago with no problems and have my certificate issued to me. During that time in my IVA I claimed back near 20k in PPI which went into my IVA. Recently I was contacted by a company who said they can claim back Package Bank Accounts ( PBA ), so I filled in the forms and sent…
DRO advise please
Hi my husband is due to pay and submit his DRO in the next couple of days with stepchange. Does anyone know the timeline of how long it takes to get accepted and if many people get refused a DRO? What happens at the end of the 12 months after it is accepted? Also he has a telephone phobia which makes things difficult, will…
DRO & Car Insurance
Hello again! I have posted previously about my OH and our (his) DRO journey and have received brilliant advice, so I have another quick question please: His car insurance is due for renewal and his current insurer have sent the renewal pack through, which is surprisingly very reasonable! So ideally, he would like to just…
IVA affecting partner
I am looking at having to set up an IVA. All debts are in my sole name. I have a small joint account with my wife at lloyds- its in credit and has never been overdrawn- although I have a lloyds credit card as one of my debts. W e rent and the tenancy is in our joint names. How would my IVA affect my wife and her credit…
Homeless with an IVA
Hi I am posting about a friends situation, I want to support her in the best way I can and am asking for some guidance please. Summary: single female, currently working full time but at risk of losing job because of sickness absences (due to stress and anxiety). Declared a IVA from June last year, housesitting for a friend…
Help with possible DRO please!!!
Hi everyone this is yet another DRO scenario, can't find a post quite like my situation so I thought I may as well ask for help here too. I hope someone can make sense of this as Im not even sure I can.. I'm a mother of 3, on maternity at the moment with a lot of debt, credit cards, fuel bills, benefits over payments ect.…
I&E not updated since 2015 please advise
Me and my wife are in the last few months of our IVAs. We just got sent a letter asking for income and expenditure review and have been asked for P60s going back the length of the IVA. Our last review we completed was Oct 2015, my wife was on maternity and our I&E was very different. My wife had a significant pay rise in…
I am planning to go into an IVA with Advice, Any recommendation for this company?
I have checked 1000;s of reviews, It seems legit. (www. iva-advice . co) If any one has used it then let me know. Or any other recommendations?
Advice with IVA
Morning all, Some help for a friend who is trying to manage under the cloud of being tied down by and IVA which was agreed October 2017. Highlights are... Debt was made up from circa 43k taxes plus all other debt i.e. Credit cards overdraft etc . The repayment plan is over 6 year paying £847 per month . Conditional on…
Grieving and loss Breech of IVA
Hello, This is me crying for help! We have an active IVA for about 3.5yrs, always in time and completed annual reports. This was for 25k, in joint name with my husband. March this year we were told he had terminal cancer and didn’t look good, fast forward 7 mths, I lost him 6 wks ago. He has a small life insurance plan,(…

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IVA & DRO

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