-
bwfc15
hi all I recently set up a Iva last year round about June time, however, last week I was involved in a rta I am pursing a whip lash claim, however I’m a bit confused I have spoke to my iva company and they have said onnce it has been settled I need to provide them with a break down. As they will take a percentage the…
-
Harrington Brooks/One Advice
Just to let any customers of the above organisation know, it has gone into Administration. However, there will be no difference to any IVA's or DMP's as these will now be supervised by the Think Money Group.
-
DRO and starting a business
Hi. Wasn't sure where to post this or how to word this either so winging this hoping in makes sense. Long story short. We lost our rental unexpectedly this time last year after spending a lot of money on it. We were homeless for two months (family of 4 and was soon to be 5). My husband worked his !!! off for us to get the…
-
DRO and recent debts.
Hi. I've ended up in a terrible state over my debt. I have mental illness and was hoping to return to work. I have a long standing CC debt, owe the utilities money. What worries me is that 2 months ago I bought a bed and other household essentials on catalogue accounts. I've always made the minimum payments on the Credit…
-
Backing out of an IVA
Hi there can any one help I rang up about an IVA and passed on all my details. I have not signed the proposal will I legally be able to back out now? I can manage my debts and will have them under control in the next 3/4 months. So don’t need the IVA now.
-
DRO advice/? debt collectors
Hi I had my DRO approved in November. In February I received a letter from Santander stating I owed payment but assumed this was a standard letter as I’d read they can still add interest etc and wasn’t receiving regular reminders. However I’ve noticed in my credit file today that it is still showing as late payment where…
-
iva modifications
hi, got email from advisor, one creditor wants modifications, and main creditor, if you accept, iva will be successful, they want one year extension and employment for my partner within one month, who has nothing to do with my debts, she is busy full time taking care of young 3 school going children. she has no any degree,…
-
After dro still showing defaults
Hi..after your response ive phoned barclaycard to update my records to'satisfied'as the debt was included in my dro..they say they just keep it as default for 6 years from date of dro..is this right??all the others debts say closed and satisfied.
-
Equity release miscalculation after extra 12 months
Hi all, not sure if anyone can help but... Basically, last year my Iva was due to end subject to equity release clause. Anyhow, the mortgage is joint but the ex, as per divorce 7 yrs ago, is not entitlement to the equity or any thing regarding the house upon £50 per Month for 6 yrs (at time of divorce the equity was…
-
IVA Rejected - Out of pocket
Hi, I am asking for advice on behalf of a friend. She recently tried to enter into an IVA through a company called Lawson Fox, whom I have never heard of, nor can find any reviews. It was determined that she had £240 per month available and that is what was put in the proposal. However, she was asked to pay £240 up front,…
-
IVA and car purchase
I've recently started an IVA. As part of it, they let me keep my savings (around 1k initially ) for car repairs. I've managed to add to this a little more from bonuses (fortunately just below the 10% extra I'm allowed to earn. I already have a cheap car which although old and scruffy runs fine and should pass its test in a…
-
Advice needed
Hi, If someone could give me advice I'd really really appreciate it. So, I'm sinking. I have about £10000 in debt, paying for a 2 bed property for myself and my daughter on just my salary. Back along I contacted a debt advice service who told me either bankruptcy or a DRO was my best options. My preference was a DRO but I…
-
IVA and pay rises
Hi! At work I've been offered to increase my hours 5 hours per week. I'm a bit confused about whether this extra cash would go straight to my IVA each month? I am aware I only have to give 50% of overtime etc over a certain amount, but if these extra 5 hours a week are part of my 'salary' the IVA would make me give them…
-
Claiming for ppi after Iva completion
I've not looked at this forum for a while as my Iva completed in 2015, but I've now looked at reclaiming ppi just because there's a deadline and I've not done it. Spoke to a company yesterday who said they won't touch claims unless the Iva completion is more than six years ago. I thought they'd got things mixed up but…
-
DRO - public information?
Good afternoon! I have a question I’m finding it impossible to get any answer for. I understand that a DRO is on a public register for 12 months plus 3 months, and on your credit file for 6 years. However, how long does it remain in the ‘public records’ section of your credit file? For example, a CCJ remains in the public…
-
DRO lump sum and business
I have just submitted my paperwork for a DRO with Business Debtline and have been told there is a 9 week wait. My debts total £13,200 mostly on credit cards. I was ill last year and unable to work as much as I used to and ended up getting myself into arrears. In the meantime, a family member has sold a house and I am…
-
Submitted my DRO
Hi im looking for advise on how long it takes from submitting DRO to the insolvency service through step change to being accepted or rejected? I have been told by step change 10 working days but after finding information on forums alsocome accross a lot quicker time scales (although I'm not sure how up to date they are as…
-
Refused authority to be a signature on a Club Acco
Hi, hoping someone can help? I have an IVA, I took it on after being made redundant. I have cleared all but 5k of it, started with over 40k. I had a great job, and could afford the credit at time. I have never defaulted, either before or during the IVA, I now owe 3 people, started with 8. I still have my mortgage, and have…
-
DRO - Getting Married and Partners Credit File
My partner has been told by a manager at his workplace that if I get a DRO it will effect HIS ability for a possible promotion IF we were to get married. Even after the initial 12 month period and for the next 6 years. We have no plans to get married YET but just want to know how true this actually is... He works for a…
-
DRO Preferred Creditors?
I've received the final paperwork from step change to check before paying and sending off my application for a DRO. Upon going through each of my creditors to get the final balances, I've noticed that a debt I included with the application form is now at 0! It was £88 and was with Wonga.com, and it was the final instalment…
