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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…
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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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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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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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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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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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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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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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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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Substantial Wage Increase
Hello Everyone, I have searched for the answer to my case, but haven't found anything that quite nails it. I am applying for a job that will increase my current wage from just over £27k p/a to £45.5k p/a. Quite obviously I am expecting my IVA payment to be increased which I am fine with, but my question is this: My total…
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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
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Failed IVA & PPI
Hi I had an IVA which failed in 2014 after only 6 months. I received a breach from my IP. Since then I have entered into repayment plans with my creditors and have been doing well getting all the debt down. I have never heard from the IP again. I received a phone call from an old bank who were not on the Iva to say I had…
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Submitting annual review - online?
Hi guys, First time ever on a forum so please bare with me. I am currently coming into my 5th year of my IVA with Credit Fix - and ill be honest they have never been the most helpful to me since they took over my IVA from Mitchell Farrar back in 2015, without a prayer of being able to do anything about it. Anyway, they…
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DRO and brighthouse
Good morning, We ad a successful dro which has been active since 20th July 2018. Brighthouse was excluded from this as we have a tv with them and this was deemed a necessity. Our washing machine has just broke and we are in dire need of a new one as with 2 young kids I do washing literally everyday. There is a washing…
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Car Value
Hi, I was just wondering is there a recommended website to find out your car value for a DRO? Thanks in advance.
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IVA & Debt management plan renting
Me and my boyfriend are still living at his dad's house desperate to get our own place, I have been put on a debt management plan around 3 months ago and he has recently been put on a IVA, like I say we are desperate for our own place, I know they will have a massive affect on us getting a mortgage but I was wondering how…
