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Gutted.
Hi everyone, I have an IVA in place, it ends 06/21. It was taken out when I first became a single mum (I have 4 children, 12, 11, 9, 7). My circumstances where pretty bad, the ex left me in a lot of debt in my name and the house had negative equity. This seemed the best way to sort it and up to now it has been a God send.…
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Is my insolvency practitioner acting dodgy?
Hello all, Would appreciate some advice / feedback... Back in May I had to wind up my company asap when HMRC came knocking - various issues had caused problems and led to mounting debt (e.g. a former client running off with £14k that I never got back, chasing a massive payment from another for months...) Anyway, my…
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Iva help please
Hi, I'm new here in just looking for some advice please. I have quite a lot of debt £26,000 ish including my car. I have plodded on for a long time, I split with my partner the beginning of the year and I am a single mum now to three children. It has got the point now where I am scraping by, I do manage to pay the minimum…
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Caution when using Knightsbridge and Creditfix
Hi, Just wanted to give warning to anyone considering using either of these companies to arrange their IVA. I paid off my IVA early in early June 2017. I was aware of the 6 months waiting time to give the creditors chance to reply and make a claim for the offer. Literally the day before the 6 months was up, 5th of Dec last…
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DRO & Damages
Hi I was looking on the DRO - Insolvency manual and was looking at whether it was possible to include damages (after having been sued) in a DRO The manual states "Any liability to pay damages for negligence, nuisance or breach of a statutory, contractual or other duty, or to pay damages under Part 1 of the Consumer…
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DRO & credit check
Can anyone advise which CRA the insolvency service use when you apply for an IVA.( or is the intermediary that does one) What is the purpose of the credit check. Is it check the total debt is under 20K or that all debts that are on the application are on the credit file ?
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Questions before IVA
Sorry, bit of a long one, but I want to start taking action on my problems ASAP but need to get clarification on some answers first. I've been in contact with Stepchange for the last 3 days who recommend an IVA for my wife and I. I am waiting to hear from their IVA team, I haven't yet informed creditors of our financial…
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DRO Ended 8 months ago, but debt still shows on credit report
I think I might have messed up MAJORLY. My DRO was due to end in January - and as a 'present' from the world, my step-father passed away the day before it was due to happen. The last 8 months have been difficult, I dropped out of uni to support my Mum and honestly I completely and utterly forgot about my DRO and my credit…
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How can I get car finance for myself through a parent without a driving licence?
Hi, i am currently on an Iva and had to scrap my old car. My mum has offered to get me the finance for another car, however she does not have a licence, so for most lenders this is a requirement. Is there way she can obtain the finance, or become guarantor so I can get the car through her? My father has a licence but is…
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Worries at 4am - Getting a mortgage after IVA or DMP
Hello, I can’t sleep and questions in my head just keep going round !!!128577; just wondering if someone can help me with this question Please. I have spoken to Stepchange and they told me to speak to a financial advisor but I have not yet been able to get a reply. I have 40k of debt to sort out and am going through the…
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Credit report clean-up, post DRO
Hello, My DRO came to an end last week, and I’m not looking at fixing my credit report details. Is the process and are the letters exactly the same as the BR clean up? Thanks, Matilda
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Joint income, only 1 needs DRO
Hubby needs a DRO. He is in FT work, gets £1467 a month inc working tax creds in his name. I'm self employed but it's making no money. I get £349 a month from child tax creds and child ben in my name. We have 1 child together (no other kids) Does he need to take my income into account? Can I pay for the non-essential bits…
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DRO and CCJ - marked as satisfied?
I received a CCJ in May last year - I subsequently had the outstanding sum of the CCJ on a DRO 2 months later. The DRO is now discharged. Am I able to apply to the Courts to have the CCJ marked as satisfied as my credit file? Thanks in advance.
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What should I do with available credit?
Hi, I wondered if anyone could suggest what I do with open credit I have pre-dro application. I have a credit card with £500 limit on it, catalogue with £800 limit and Studio with £500 limit. All are currently at 0 so should I close them? I can't have more than 500 credit can i? So could I close the catalogue and Studio…
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Dro & HSBC account frozen
Hi there, I had my DRO accepted in June, and since then have had a letter from HSBC saying they would freeze my bank account as it was included in my debts. However, I haven't managed to change my pay into a different bank account and have just spoken to payroll saying they can't reverse it. Have I lost my money forever?…
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something between DMP and DRO?
Asked payplan about DMP, but if I have no extra hours, I have only left £15 after expenses and they told me impossible to do DMP, because minimum amount should be £100. I can do sometimes extra £85, but not every single month :( So they offered go to DRO, but now I scare I will have more than £50 sometimes!!! :eek: :mad: I…
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IVA in the military
Hi, I’m considering evetering an IVA as I am struggling o get out of it. There are a few things I would like some help with if anyone can offer any advice. As a serving member of the UK armed forces, am I under any obligation to inform them I am entering an IVA? I don’t want to go directly to HR and highlight the issue if…
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ClearDebtLimited and DRSP
I received a letter 21/04/18 from ClearDeptLimited claiming to have previous involvement as a former supervisor with my IVA and sending me papers to start collecting any PPI owed as an asset to my creditors, all very professional with details of my account number,dates of birth and addresses citing a Debt reclaim company…
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Lender not included in an old DRO with incorrect default date
Hello, I had a DRO that was issued in May 2012, most of the lenders had the correct default date but I do need to write a letter to correct some erroneous entries and clean my file. The trouble is I have a lender (Orange/EE) that wasn't listed on my original DRO. It's only £40 which makes it more annoying. Do I just send…
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Husbands DRO and bank balance
Hello everyone, So as many of you know I’m BR, Husband has no job, will be returning to uni in sept but then his £600 from that will replace the £600 from the UC we get. He has his own debts but less than mine so we are going for a DRO for him- so hopefully a fresh start going forward for both of us. I am not worried about…
