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Joint IVA - now partner has a job
Hello, just a quick one really. My partner and I are on an IVA - currently I will be paying Exactly half of my debt. My partner is now working so we can afford to double our payments. Will the IVA company be able to take more than what would otherwise cover the entire debt over 5years? For example, if 50 a month covers…
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sorry am back again
Hi All, I was hoping I would be able to set up and start my IVA at the end of Jan in order to save my overtime and bonus to sort a few things out in the house this month and although the person organising it said this will be ok it has now come back that I have to pay by the 14th Jan, I know this is probably wrong but i'll…
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Will my DRO be revoked?
My DRO is coming to an end in the next few months and there's a very good chance I'll have a full-time, albeit fixed-term job abroad before the 12 months is up. The role is a 12-month contract with the standard 3 months probation and after tax is about 700 more a month than I currently get. It's such a good opportunity for…
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DRO and Natwest account help!?!
Hi I have been going through the process for a DRO, as I had a barclaycard debt I was advised to change my bank account away from Barclays just in case. I switched last month to a Natwest Select account which has been fine. My DRO is due to be submitted this/next week and now been reading horror stories about Natwest…
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How long before my details appear on register?
Apologies if this has already been asked on the forum but I have searched and Googled it but can't find an answer. My IVA was officially accepted/in place on 23/Oct/2018. I was wondering how long does it take for my details etc to officially appear on the Insolvency & Bankruptcy register? I assumed it would take a few…
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Joint car finance, sole IVA
I have a car on finance which I have had since jan 2018, can no longer afford the payments. I have an IVA (in just my name) which ive been in since june 2018. The finance was taken out in both mine and my now exes names, I want to include this in my IVA, will I be able to if the debt is in a joint name? My ex had nothing…
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IVA more paid than original debt
I wonder if I could get some advice. Two years ago I was advised to take out an IVA on a debt of £7000 I am now only £300 away from paying the original debt due to payment of overtime. However it appears that this makes little difference for the IVA and I will need to continue to pay into it for the next 3 years. This…
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IVA so far, nearly at 5 years
So I spoke to my IP Friday while changing my payment date and found out I have £2550 in payments left. My salary has risen considerably over the term and therefore so has my monthly payment at each annual review. I decided to work out exactly how much I had paid to my IP from my first payment in April 14 till now December…
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Another DRO question (sorry)
Hi StepChange advised a DRO for my husband and asked for his credit file. Noddle has my hubbys mobile phone on there as he pays monthly payments part for the airtime and part for the handset, we didn’t realise the phone would be on there so he’s just above the £20,000 by £400. I spoke to the insolvency service today and…
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DRO question
Hi my husband no longer works due to illness and is waiting for his ESA claim to go through. We have spoken to stepchange and they advised he gets a DRO for his debts. As my husband is the one getting the DRO they have asked for his proof of income i.e his benefit letter so as soon as he gets his award letter we will get…
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Debt collection letter after DRO
Hi, haven't been here for years and wasn't expecting to need you again! However, after my DRO finished in June 2018 I didn't expect to hear from any of my old creditors again but have just received a letter from a collector, instructed by my original loaner to discuss my outstanding debt.How should I deal with this. Advice…
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DRO and housing benefit
Hi I am due to submit a DRO next week, all paid for etc. I have just had letter from housing benefit (wokingham) to say that been suspended as a possible over payment. Cut is like to only be a max of £200 I think, should I try and include this in my DRO? Just worries they will then !!!! down my claim and I will have to…
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IVA or Bankruptcy better for a creditor?
Did an investment with an estate agent a few years ago. The original amount was £10k and a term of 3 years, with bi-annual returns and the full amount to be returned after the 3 years. Long story short. Other party was not honest with things and 2 further years on, no sign of anything being returned. Seems like the crook…
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Does my IVA benefit me over bankruptcy
Hi all, I have had an IVA for over a year now due to my business going down the tubes. I thankfully have a full time job now which pays okay but also have two very young (3 months & 2 year old) children who my partner looks after full time. Even if she got a job and put the kids into daycare most if not all of her salary…
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Am a creditor, should I let the other party claim an IVA or Bankruptcy?
Changed mind about posting this sorry
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End of IVA
Hi I am looking for some advice on IVA. I have completed my 6 years of payments on my current IVA. Having received a letter I now have to sign for a further 12 months and declare any extra monies (What does this mean?) I might receive in this period whilst I was in the IVA. The company has already received several…
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IVa almost set up when to expect to make first payment
Hi I have almost finished finalising the budget and sending over the last bits of paperwork they are requesting. Once I have done this I assume I am sent the proposal to sign ( does the proposal get posted or emailed to you?) Once I have signed the IVA agreement (Proposal what ever its called) how long is it before the…
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DRO. Partner doesn't know about my debts please help.
OK so I no longer work after mat leave due to childcare costs. My partner has no clue on my debts at all except a very account with just £60 in it. I have 3k on credit cards. I now no longer have an income. He pays everything. Out his wages. I use the 160 pm tax credits for fuel, baby items and items for my son and my…
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Help dro self employed taxi driver!!!! Please
Hi I’m currently in around 12000 worth of debt. I’m lost and don’t know where to turn I suffer with panic attacks and anxiety so this is a big step for me. All the debts I have are in my name I’m currently married with 3 children and I feel as though I have let them down with this burden. My credit score is appalling and…
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IVA signed on the dotted line ... anyone got advice ideas on ways to save on budget
Hi I am all signed up for my IVA just waiting for the creditors meeting now and then to make my first payment. Just wondering if anyone who is on IVA or completed it have any good ideas how to save money, live comfortably (e.g bargain finding etc) or just any tips and advice going forward. thanks in advance
