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IVA & selling house
Hi We have been in an IVA for 6 years and are now facing the equity clause. We gave the info PayPlan needed and they sent a letter about remortgaging our property. Well, we don't want to remortgage as we want to sell up. The house is too big for us now and we're both 62 so remortgaging isn't for us. We have informed…
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Problems with iva company
I am looking for some advice please. Myself and my partner entered in to an iva last June. When we set up the Iva we were asked to extend to 6 years due to the amount of money we owed and to ensure the creditors received enough money. We agreed to this. 2 months ago the creditor we owed the largest amount of money to wrote…
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Dro
Hi I am new to the forum and would like advice please. Like many others I am at my wits end worrying about my debts. I am fully maxed out on credit cards for £18500 but I also have £7000 outstanding on my Amex charge card. As you know the charge card has to be settled in full every month but a couple of months ago I had to…
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DRO with stepchange
My financial situation has recently changed and I think I'm now looking at a dro rather than my self managed dmp. Has anyone done a dro with stepchange, what happens once they send the pack out. Do you have to go through things again with then in the phone? Or so you send stend then the info they request etc?
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Advice on getting a mortgage after an IVA
Me and my partner are looking at applying for a mortgage at the end of the year to buy our first house. The problem is although my credit score is near perfect, my partners isn't after an IVA in 2015. This IVA was paid off in 2017 and things are now moving smoothly but I am aware that it will be on file for 6 years…
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Paying off a IVA & Mortgage! Please Help x
Hi Eveyone, I am new to the site and i'd like some advice and help please, its a bit of a long one, sorry. I'm currently on a IVA with payplan and i am halfway through my 5 years. I have a mortgage with my ex who has nothing to do with the house and i want to get him off, the only way for me to do this is to be able to…
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Dro help
Hello, I’m new to the forum and have read through a few posts about DROs but there’s still a few things I need help on. I’ve had the checklist sent through StepChange, I was just wondering if I had to print it out and send it through post or if I can do the whole thing online? On the checklist it says to get an address for…
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Need some advice re. DRO and hire purchase
Hi everyone, Been lurking for a long time now and it's finally time for me to get sorted. I've been burying my head in the sand for too long and I cannot carry on like this. I am in around £9000 debt, including priority debt. It's got to the point where I've got bailiffs attending and I can't sleep at night. Ive spent…
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Situation after paying IVA in full??
Hi. Hopefully later this year, I'll be able to pay my IVA off in full. So not a full and final offer, but paying every penny I initially owed due to an inheritance. What situation will I be in then? Will I still be classed as insolvent? Will everything on my credit file show as settled and I can immediately start to…
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IVA meeting - Only 2/14 creditors voted
Hi, so I had my IVA creditors meeting earlier, and of the 14 creditors I have, only two of them voted. My IVA is with Payplan and they said it doesn't happen often, they both voted to approve it with no amendments and she said it is now legally binding. Is there a chance any of those that didn't vote could reject it…
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IVA Approved but Enforcement Agency still chasing
Hi Has anyone had experience of this? I have a large amount of debt, but because of a house sale, I have managed to get a lump sum IVA agreed with the creditors However, one of the debts is for Council Tax and this has been passed onto an Enforcement Agency. They are currently chasing me for the amount I owe and aren't…
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DRO questions
HI, i have had an absolute nightmre the past 10 months and looking at a DRO I owe £3k VAT 4K corp tax £2800 Credit card £1000 draw down business loan with personal guarantee I have sold many things i own to have made personal living payments and have tried to sell my car. It is worth 5k but we need that money for mortgage…
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defaults added after IVA commencement
We started an IVA in Oct 2012, in July 2015 we defaulted on our mortgage sold the property and added the negative equity to the IVA. We have just completed the IVA and understand the majority of the reports will come off the report in Oct 2018. The IVA company are saying that the defaults from the mortgage will come off in…
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Please help im terrified
Hi. First post. Desperate for advice. Last year, over the course of around 9 months i managed to rack up 8k of debt. Im a stay at home mother with no job. I did this by lying on credit applications. I put that i earned around 40- 50k (my husband earns 35k, i earn nothing). At the time i didnt see it as lying...i told…
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Debt relief help please
So I’m currently in the process of applying for a DRO, I’ve spoken to step change & they sent me out some forms To sign and send back to them so my application hasn’t actually been processed yet but today I recieved a cheque From Lloyd’s for £1126.34 for a refund of charges they shouldn’t of taken from September 2013 -…
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IVA & Injury Compensation
Hi all, I'm after some advice.... I was in a RTA earlier this year & am looking to receive some compensation for my injuries & ongoing treatment, I have told my IVA provider as I'm a honest person & wouldn't want any legal stuff coming from it if I didn't declare it. Now none of my reward is for loss of earnings it's all…
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Budgeting for DRO
Hello, I’ve been around forums for a while now trying to get on top of my debt but we just don’t seem to be getting anywhere. I have £400 in savings now but car is due MOT and service in August so that’ll use half of that. (Car is worth £895 on Parker’s website) and I rent. No assets. I’ve got a few questions about DRO it…
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DRO Question
My finances are in a mess and after some research I have decided that a DRO is my best route of action. My wife is currently on a two and a half year visa. In about a year or so we have to apply for another 2 and a half year extension. After this period has elapsed she can apply for British Citizenship. As part of the visa…
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Advice on a dro pleas
I going to speak to step change tomorrow as I'm about 4000 pound in debt . My husband own the house and car and both are in his name . I have no assets to speak of all the debts are my own . Well this effect the dro at all
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Debt amounts in DRO
hi everyone, asking on behalf of a friend, she is struggling to get hold of her CAB advisor so thought i would ask here in the mean time Her DRO application has been semi filled out and she has the barcode ready to make payment, she was told she could exaggerate the amounts she owes to each of her creditors, so that if any…
