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Refunded interest after DRO?
Hi all, I was discharged from the DRO in April of last year, but the other day I received the following letter from Lloyds Bank. "Dear bb, We agreed to feeeze interest and charges on your account when you told us you couldn't keep up the interest payments. We have realised that we wrongly charged interest of £180 to your…
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war pention
I receive a war pension and have been in an iva for 4 years now. The company that runs the IVA have told me that my war pension counts as an income I also get unemployability as I can no longer work and a military pension. I have read that my war pension should not be taken into account as this is awarded for the suffering…
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IVA for beginners
Hey I haven’t used these forums for a long time but remember getting some amazing advice, hoping for a nudge in the right direction. I’ve heard of IVA’s and never thought that would ever be something I/we would need to consider. Long story short, me and my husband have debts that total 65k. Don’t want to start going into…
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Should I default before starting an IVA?
Hi Thank you all previously for your responses. I have concluded that we must go down an IVA route and I honestly feel better already. They say admitting it is the hardest part! Just one thing. Our total monthly min repayments on all our loans/credit cards is 1700. Most will come out on 1st Feb. They will be paid using an…
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Scared newbie looking at IVAs
Hi everyone I have found comfort in reading other threads and knowing that there are others in this situation. I have somehow managed to accrue debts of 95k on various credit cards, personal loans. We were abke to maintain by using 0% offers to balance transfer only to then spend on the cards again. We have 4 'debt…
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Repost IVA and demand from Newlyns
Hi I entered into a voluntary IVA , February 2017. Today l received a notice if enforcement from Newlyns regarding Council tax under a magistrates liability order from June 2017 for non payment of Council tax 31/03/2018. . Newlyns state l have to pay and clear this debt by end of March @ £278 per month otherwise they will…
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Never recd iva completion certificate.
Hi, I'm new to this forum so apologies if this has come up before. We had an iva which was comp!eyed in 2005 but never recd a certificate of completion. We can't remember the name of our practitioner and we moved abroad. Now we are coming back to UK as pensioners but can't find out about our iva to sort out credit score. I…
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IVA and claiming PPI during and after completion
Hi everyone. Im new to the forum and just looking at asking a few questions regarding claiming PPI during and after completion of an IVA. Just a little bit of background before I continue, im writing on behalf of my husband as I feel he hasn't been treated fairly with his IVA and PPI claims. So my husband started an IVA in…
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Help,please
I wonder if someone can clear this up for me, I had an IVA for less than a year of 6k. I paid this off in July 2018. I'm still waiting for the company to fully completed it and sign it off although I've had an email saying yes we have received the money and the payment was accepted. Now I've got a company claiming to work…
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DRO and Defaults
I started a DRO in Feb 2012 and I believe in a little over two weeks, 15 days, this should (in theory) drop from my credit history. Give or take a little time for this to be reflected in my credit reports. The main issue I am confused about are ‘Defaults’ during the time I was in my DRO. I’m a little hazy on what the deal…
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IVA Breach, advise needed.
Hi everyone. I'm looking for some advise on my IVA. My iva has only just started, only 2 payments made. We are still catching up on overdue payments for utility bills so we had to take out a loan for £400 to pay overdue amounts and so we could get food shopping for that month. I was under the impression we were ok to do…
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Debt free direct
I am 7 days away from completing my IVA with debt free direct, I have just discovered thy have stopped trading, I’m assuming my account has been taken over by another company, but I haven’t heard off anyone since April 2017. Does anyone know who taken over so I can contact them please, I’m really stressed out now.
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DRO, do rent contributions count towards expenditure?
Hi All, My brother has got into a right mess with his finances, I've used the calculator and he does indeed fit the criteria for a DRO. My only question is over his rent payment, he lives with my mother and pays her £150 for rent - but he's not on the tenancy agreement or anything this is just his contribution towards it.…
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Final settlement and IVA provider issues
Has anyone ever finalised an IVA without going through their IVA provider or must you go through them? I have just spoke to my provider (payplan) and it seems so completed to submit a final settlement. They need the following (is this normal?) House valuation Mortgage redemption current income income and expenditure letter…
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End of IVA term
Hi all, My IVA was paid off within 9 months of taking it out and this year will mark the 6 year milestone! Will this come off my credit record automatically or do I have to ask each credit score company to do it separately? Thanks.
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DRO and personal injury compensation
Hi all, In April 2016 I was in a car accident that wasnt my fault. Since then I have had a lot of health problems and have a lifelong condition that affects me being able to work. It has nearly been 2 years since the accident and I have no end to my personal injury claim yet... I have unfortunately been left with a lot of…
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Final settlement on IVA advice needed
Hello, Has anyone ever been successful with a full and final settlement on an IVA. I have a chance of getting some money from a relation which will be about half of what is owed on my IVA. I have asked with regards to this been a final settlement. The IVA company have said we can put in a case for final settlement but they…
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Mum's Planning a DRO - Will it affect me?
My mother's health has deteriorated over the past months, so much so that she has found it increasingly difficult to keep up with her CC bill. They have adviced her to apply for a DRO, which would really help but my question is, would this have any effect on my chances of buying the place or affect my credit in any way?…
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Dubious IVA?
I've got a friend who had an IVA agreed in Summer 2016 - I've verified details through the insolvency register, as she's not sure on details/dates etc. She has very little assets (if any), and that was the same in 2016. Sadly it looks like she took little independent advise before entering the IVA. I'm very concerned she's…
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Dro
Hi all this is my first post. Please I need your advice asap. I have loans between 10-15k from different loan companies, I have 2 defaults, one coming off this year and the other one next year from payday loans years ago. My problem is I am seriously struggling making my monthly loan payment and it's affecting my health…
