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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…
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Mortgage after iva.
Hi all. After completing our iva. It's 6 years since we started it, we can now save up for a deposit for a mortgage. Has anyone had many difficulties obtaining a mortgage? Particularly a 1st time buyer/help to buy mortgage? I know I could go to a broker who specialises in adverse credit but to me that's an added cost I…
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DRO in the Gazette?
Hi Had a DRO in 2015. It falls off my credit reports in 2021. I’d presumed that it would show forever in the Gazette but on searching their website they don’t seem to show DROs. Does this mean that once it goes from my credit report there is no record whatsoever? So if I were to be asked the bankruptcy/insolvency question…
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DRO question
I have joint debts with my ex husband. How would this work with a DRO? Would the amount owed be divided between myself and my ex or would the whole amount be included?
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12 month wait for iva completion certificate
Hi all, we completed a 7 year IVA last January 2018 and are still waiting for our completion certificate! They have sent us a letter confirming that there is nothing else outstanding and that there isn't sufficient equity in our home. They have claimed all the PPI we were entitled to as well. However, they seem incapable…
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Problems with IVA company?
I've posted on here quite alot over the past couple of months as I wanted as much information about an IVA as possible. Anyway, my IVA is now 'in full swing' and I've been making my payments on time each month. Also not taken out any loans or spent on credit cards (not that I would be able to now anyway :rotfl: ) I'll get…
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CCJ Claim form and DRO Help
Received a claim form dated 4th December from Cabot for about 4.5k on an old aqua high interest card that I struggled with, probably incurred about 2k in interest charges. I acknowledged the claim on 14th of December as received it on this day in the post. What do I do with regards to this claim now as it’s about to run…
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Amending DRO
Hello, Wandering if anyone has had experience of amending their DRO once approves? My DRO was approved on the 20th (yayyy) but the next day I received a letter from one of my creditors that were listed on my application that I have an extra £462.68 in arrears due to missed payments. I wasn’t aware of these arrears before…
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full and final iva in 2005
we did a full and final iva in 2005, weve been through a claims company :( and have been offered over £18000 for miss selling ppi. do we get to keep the money ?? this offer was after it went to the ombudsman.the letter that came to us from lloyds says it will send a cheque to us within 28 days...but will that come to us or…
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IVAs registered against me and wife by error!
A very long story cut short, in 2015 I applied for a joint IVA with my wife to Knightsbridge insolvency. They said creditors had rejected the proposal however an IVA could be made in just her name. I noticed in 2017 they had actually registered an IVA on my credit file and after an issue arose whilst trying to sell our…
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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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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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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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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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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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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 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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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…
