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Potential IVA
I have been recycling 0% credit cards for just less than a decade, it has now caught up with me. I have had to take a significant pay cut at work (around 20%) and my other half is critically ill and been signed off work for 12 months (as of April 2024), she gets sick pay but it reduces over time. I have approx £51,000 debt…
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Feels like I'm being pressured into an IVA
So basically I am in around £29000 of debt and in June I made the decision to stop repaying as my whole month wages was going within a week purely to repay debts. I got in touch with Stepchange and completed the budget and it left me with £46.17 left over a month. They recommended either a Debt Management Plan or a DRO. So…
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Wrong D.0.B on my DRO
My DRO was approved yesterday and I noticed it has my date of birth wrong. The day and year are correct but the month is wrong. Who do I contact to get this changed?
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DRO Dilema - £45k debt
Good morning everyone. I’ve finally plucked up the courage to create an account here and face my problems head on. I’ve read here for a while but I guess I was too embarrassed or scared to actually post. With the new changes to the DRO I am no eligible due to the higher threshold of debts. Long story short, my mother died…
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Unfair Modification to IVA?
Hi all, We are currently looking to go through an IVA - We have approx 54k of debt and our family home we'd rather not lose. A large portion of the debt is to HMRC (self employed tax debts) We've been going through with The Advice Center for our IVA, and negotiations have come to a close, with HMRC adding a modification…
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Wrong Creditor
I just received my DRO draft to sign and ensure everything is correct. Concerning my council tax debt from last year, it has got down South Staffordshire Water PLC as the creditor. I'm not sure why, as I told them it was South Staffordshire Council, which I thought would be obvious. Or am I missing something? I am on the…
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Creditfix IVA - in DESPERATE need of help!!
Hi All, I hope everyone is well :) This is a bit of a long post so sorry, but I would really be so grateful of your advice on here. I am looking for help with an IVA that took out almost 6 years ago now, back in April of 2019. To give you all some back-story, I had around 9.5k debts back in 2019, I was 20 years old. I have…
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DRO HELP
I am in a debt relief order until April next year and I need some advice as I am making my self poorly with stress. Am I allowed to withdraw cash from my bank or does it all need to be card payments so I can prove what I spent my money on if they check ? There I are times where I need to pay cash and I’m too scared to…
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Renting out my House while in an IVA
I am a year into my IVA and am shortly moving away to live with my partner. I am wondering if I can rent out my current home to my daughter and her boyfriend. I have no idea how to go about this or how much it will affect my IVA
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Completed IVA advice
I commenced with an IVA in 2019 and after 4 years was able to offer a full and final payment. The IVA has been settled for almost 1 year now. My question is… my partner has some savings in an isa, but more recently has been given a gift by her friend who’s won the Euro millions 2 weeks ago. Our plan is for me to open a…
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Iva termination and future credit
Morning everyone. I am currently 43 months in to my iva and it is now not working for me anymore I need to finance a new car as I have a new job in London and my car is not ulez compliant which is proving difficult with my iva. I am in a better financial position then when I took out the iva and the question I have is has…
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DRO AND ELECTRICITY & GAS SUPPLIER
Hello, I'm just about to put through my DRO application through Money Wellness, they are the ones that first put me on a breathing space and seem very good, but my only concern is that I have £286 of debt with my electricity and gas supplier - Octopus Energy. So if I put that through on my DRO application, will they cut me…
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On The Brink of Moving to an IVA from a DMP - Sanity Check
Hello MSE Folks, I've had a very long and bumpy road with debt. Now 50 I've been trying to do the right thing for the past ten years, dealing with chickens coming home to roost from a credit overspend spiral that lasted from university through a corporate job, burnout and redundancy and into self employment (Ltd personal…
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My IVA and my partner's morgage
Hi all, Quick question for any who have had an IVA - would me taking one affect my wife's ability or rates in a remortgage situation? The house is hers and our finances are separate apart from a joint bills account. I'm concerned that the IVA might show up as a flag on the address during a remortgage - is that an issue?…
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Holiday pay and double payslip after new job
Hello, I'm in my first 6-months of my IVA. I have recently changed job and have made my IP aware of the change and increase in salary. Because I was still at my previous job for the first week of the month, I received two payslips this month, one from the old job (including the week of work and holiday pay I had accrued…
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DRO and default payment
Hi, In September 2018 I went through the DRO process. All has been agreed and successful, but when I check my credit score on different pages I still have one of the bank showing the credit card I had and each month payment say defaulted. The rest things from my DRO has gone and has been cleared. What should I do in that…
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Help please on letters to creditors before DRO
I’m
hoping that you helpful and knowledge people could help me please. I’m helping someone
(let’s call them Person A!) with their debt situation because of their current mental health problems. Where I’m at at the moment
is – all details on SOE have been completed, all creditors had agreed to put
accounts on hold (2nd time…
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Terminated IVA and Land Registry charge
hi thanks for reading. My IVA failed and was terminated last May 2019. It was originally with ClearDebt, who then were bought by Apeture and now I believe are being run by Jarvis. My question is, there is still a registered charge on my property in the name of Clear Debt's insolvency practitioner. As the IVA is terminated…
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Creditor Wants Evidence of DRO
I let one of my creditors know that I now have a DRO in place. They wrote back saying that they needed the documentation to prove this including a list of creditors and a copy of the Chairman's report. If they don't receive this in 7 days, they said my account would proceed to the next legal stage which is High Court…
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DRO, Self-Employment & Universal Credit Query
I have almost £32,000 worth of debt, some dating back over 20 years which I've not been able to pay. After burying my head in the sand for years, I finally dealt with it and now have a DRO in place that ends next June. My intention was always to pay my debts, but circumstances didn't allow. I'm a single parent, and was a…
