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Car on Hp, what happens when doing a DRO?
If somebody has a car on HP, what is the procedure when applying for a DRO? Do you have to give the car back first, then put the rest of the debt down, or should you keep the car during the application, and then give the car back after it has gone through and you hear back from them?
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Extra income on IVA
Hi all, I am new to the forum and wasn’t sure where to post so sorry if this is in the wrong catergory. I took out an IVA around 6 months ago for approx 15,000 debt to 4 creditors. I pay back 110 a month. When I took out this IVA the terms were that if I earn more than 870 a month, half of this must be given to the…
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IVA- will PPI Credit check throw up mobile device credit agreement?
Hi, Please could anyone tell me if having a mobile phone with £270 credit left on the contract to go breach my iva at the last leg? The problem I’ve got is I’m nearing end of IVA. PPI company is sniffing around to claim PPI back on behalf of the insolvency firm and I think these companies do credit checks. My mobile…
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IVA and 85% Equity Worry
Hi, I am currently living with my partner and I personally have had a mortgage approved to purchase a house. We are using the equity from the sale of my partners property - however, she is in an IVA and she has real concerns about having her property unlocked for the sale. She owed £25,000 and has been paying £100 per…
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Trust Deed
Hey guys i’m wondering if anyone can help me, i have entered a trust deed and i’m around 6 months through. Myself and my partner are currently living with my parents and really want our own space! I’m really keen to move out but i don’t know if i’m allowed to because i’m in the trust deed? I am only looking to rent at the…
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Finishing IVA and Equity Release Request
I have just made my final payment against my IVA. However, in order to complete and clear from my records etc I have been asked to obtain equity release. I am a bit sceptical about this mainly as I don't know much about Equity Release and where to start. If there are any pointers any one can give me then I would be…
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Renting with a DRO
Hi so me and my husband both had DRO in 2014. We have just applied to rent a new house and waiting for a response from our credit checks and references. I never thought about if the DRO will effect this. I've put it down on the forms when it was so they are aware of it and know it's still on my credit file. Anyone had any…
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changing banks DRO
Hello, (new member first post) :wave: does anybody know i should be changing my banks now i have sent off the forms for a dro. i am moving from lloyds to natwest, how will i change my benifit and wages to go to my new bank? will i call the bank or will i need to call the DWP and my hr team to change this infomation? and…
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Help
Hi everyone - I had my DRO accepted recently and have just realised when checking my noddle account that one of my account numbers on an old credit card appears different to what is on my DRO. I initially just assumed it was a different reference number but now I’m worried they’ve changed my card number within the many…
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DRO - 6 years...
Hi all, In March 2018 it'll be 6 years since my DRO and I am expecting it to fall off my credit record. What will happen? Will my credit rating suddenly shoot up (currently 529/999) once it drops off, or will it remain that low and gradually build up?
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Default question
Delete - No longer need advice
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Money received whilst DRO was still active - Any effect now DRO has completed?
Hi everyone, I had a question regarding a DRO that a family member had in effect last year. They received money from a probate whilst under the DRO and neglected to mention it to either the administrator of the probate or the DRO people themselves. The DRO has since lapsed and I was wondering if there was anything that…
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Forum use
Is it a sign of positive change...... I've noticed now for over a year a gradual drop in usage of this forum since the days of my own IVA 2009-2015. Maybe there are other better forums or maybe IVA's are not as popular.... just a thought
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IVA advice please
Evening, apologies I haven't searched the forum to see if my answer is contained within. I have debt and I've approached an organisation called the debt advisory service. After discussing options it seems that an IVA may be the way to go. I've been asked to provide certain documents including one of my partner's pay slips…
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DRO Question.
Hi All, I applied for my DRO in October 2013 and was discharged in October 2014. When should my DRO disappear from my file, will it be 2019 or 2020? Thanks in advance
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DRO Questions
Hello there, I want to be prepared for when I call Stepchange later so I have questions regarding DRO’s and my circumstances. Q1. I have an overdraft limit of £50. The question was asked on their online form, I dip into it most weeks but clear it every 7 days so it’s up to date and fine. My SOA came to 0 hence why I use it…
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DRO balances
For my DRO approved yay thank you for everyone’s help! I checked one of my credit card final balances on my noddle account as was still linked to an old address but I’ve just received an email informing me I’m near to my credit limit - it’s about £28 above the amount stated on the DRO will I have to pay this? (It doesn’t…
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2 months left of IVA
Hi all, We are coming to the end of our IVA, all the IVA have told me is that after the December payment I need to change the payment ready for January, but we aren't sure what happens next. Thank you in advance :beer:
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Finishing an Iva
Hi all I am in an 6 year Iva at present and will finish in January 2019, I'm just wondering what happens then do they write to me and say it's finished or do I have to get in touch with them? Also I now have a new partner and we would like to get a mortgage together after my Iva has finished is it easy to get a mortgage…
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Claim Interest back off IVA
We paid our IVA for approx 18mths then we sold our property to settle it. Is there anything like interest or such like that we can claim back as we paid off so much more than what we owed. Many thanks in advance.
