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IVA completed and fully paid June 2023. Still not closed?
Hi I entered a 5 year IVA May 2018 with Creditfix. I had a 1 month extension and the last IVA payment was June 2023. I received confirmation from Creditfix no further payments where due. Then all went quiet...... I emailed end of December 2023 to check on the completion status as I had not received any formal document to…
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DRO
I am after some advice, I am thinking of applying for a DRO due to being unable to repay the debt I owe. I do have a vehicle worth about £6000, the majority of the car was paid for in cash by my father in law. Does this still count as an asset worth more than £2000 or can i claim i do not own the majority of the vehicle,…
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House insurance
MY husband and I have an IVA. We live with my mum. It's time to renew the house buildings & contents insurance. A lot of the companies ask if anyone at the address has been made bankrupt. Do we need to disclose the IVA as part of this?
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DRO now or later
Its been quite a while since I had a reason to post on the MSE debt forums, but nice to see some familiar names appearing and giving advice to others (as was the case when I needed it). I'm back looking for advice for my son, who has had a pretty turbulent few years - in and out of work, whilst struggling with mental…
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Mis sold IVA - debt advice
After accumulating debt at a young age, I felt like it was all unmanageable and the payday loans interests kept raising, I was 20 at the time and was already in £7,000 debt, I came across the idea of an IVA by financial support systems and they told me it would help clear my debt.i was advised to lie about my expenses to…
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How does a lender know if I have ever had an IVA?
As this is one of their questions on the application form, why do they ask if they can check so easily? My IVA is now completed but most lenders want to know if I have had one and/or if it was discharged 3 years ago or more. As the IVA was registered more than six years ago, it doesn't appear on my credit file or the…
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Credit Unions and insolvency
Not really a question just a moan!! As a debt adviser and a Debt Relief Order intermediary I have
for some time been struggling with putting credit unions debts into insolvency. In an area such as mine which is very deprived I see a lot
of clients who have credit union accounts. In fact as part of our budgeting advice
we…
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Salary Sacrifice with an IVA
Hi all, I have recently agreed to an IVA and the meeting of creditors is happening in a week. I work from home and my computer has died - my work have said I can purchase one via them and have it deducted from my salary. I had no other choice outside of going into the office 24/7which doesn't work with my childcare…
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IVA or DRO questions
Hi all, I'm finally biting the bullet and trying to get my finances sorted after many years of neglect due to Mental Health issues. I'm speaking with someone tomorrow from a charity about the best way forward. My total debts are about £14,000. The main worry I have is surrounding my car. Its on HP and worth about £6,000…
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Car Finance Claim
I have seen a few adverts lately about Car Finance Claims and getting money back to the customer. Firstly how legit are these? Secondly how would it affect an IVA if I were to get any money back, would I just simply share the sum via the rules imposed on my IVA such as 50% of the total? It's a closed financial account…
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Statements
Hiya Happy New Year to you all. Just a quick question please, I completed my DRO 3 years ago, all was fine and smooth. Should I still be receiving statements of outstanding debt that was added in my DRO. It says on the email they are requited by law to send it, surely not if its been wiped off and not on my credit file…
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Personal injury claim
Im self employed been in iva for 9 months unfortunately last 4 months i have been very poorly ended up on universal credit. My IVA is in breach and will be terminated within coming month. Due to affordability. i have personal injury claim on going will i need to inform iP if my IVA termanated? any advice would appreciated
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Mortgage post IVA finishing
Firstly, apologies if this should be in the mortgage section (mods feel free to move it if it should be). My IVA was setup in Sept 2017, I did a F&F in 2021 which concluded and received completion certificate in Oct 2021, Insolvency register was updated and I was removed shortly after that. My IVA and all associated debts…
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Argreement date passed and want more money.
My agreement ended 3.5 months ago, as far I I'm aware off we are now out of contract. We have not been given any breech of contract or anything in writing before the end of the agreement that an extension would be required. Can CreditFix have the right to demand a 12 month extension or a 3rd party to pay off just under…
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DRO, HP and parking tickets question! Please help :)
Hi everyone, wondering if anyone can help. I’ve read through tonnes of threads and seems like you guys are the experts! so, I have around 17.5k in unsecured non priority debts and my mum has been helping me with payments as my cards all have high interest rates now the 0% periods have ended. I am currently on unpaid…
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“Serial” DROs
After my DRO is ended with no outstanding issues and it is removed from the register, and assuming I legitimately apply for subsequent credit and not act fraudulently, how soon before I can reapply for another DRO? Is it 6 years from the start or end date of the first? Have people become “Serial” DRO applicants?
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Dept help please, another Clear start accounts victim
Hello all, This is my first time posting on a forum ever so am nervous and also a little ashamed that I have let my situation get so out of hand but after a couple of years with my head in the sand I'm finally strong enough to tackle my debt issues head on. After reading on here and on other forums, I've realised I too got…
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Ebengate
Can they really be as incompetent as they seem
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Iva finished and over paid tax repayment
Hi, I’ve recently finished an iva and have a certificate to prove completion, I’ve got overpayment of tax refund due from self assessment am I now entitled to this when I request a repayment from Hmrc as the Iva is completed? thanks
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How much should offer for a full and final settlement for IVA?
Hi, In IVA for just over 5 years. Now in extended time due to payment breaks. The last payment is due in August 2024. A family member has offered to pay for the rest of the IVA to finish it and save our worry and stress. We are not homeowners. How much should I offer the IVA people if what's left is £900 to pay? Is there a…