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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.
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IVA & Amigo
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DRO or Bankruptcy.
Hiya Could I get some clarification on a few questions regarding a DRO. I'm helping a friend who has had a big change in living circumstances out of their control. I gained some advice yesterday regarding a DRO from a debt help company on line who advised as my friend is employed the DRO would have a slim chance of being…
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Is an IVA our best or even a possible option?
Just spent the last few hours pulling together all our debts. We have nearly £65,000 on credit cards and have started being unable to make all the payments now several have come off 0%. According to the step change calculator we have around £600 a month to pay towards our debts (if they accept the self employment, without…
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Question about Limitation period
Hi all, I have a debt collector chasing me for an old debt. I was given some terrible advice a few years ago and entered into an IVA, when I should have gone bankrupt (no assets or savings). The IVA was completely unaffordable for me and I ended up having to borrow money to eat every month. The IVA subsequently failed. The…
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DRO questions
Hello! I need help. I am currently in the process of sorting my debts out. I have a lot of creditors, 16/17 in total. Just under £13000 outstanding consisting of catalogues, payday loans unsecured loans and telecom. None of this was intentional and happened for unfortunate serious reasons. I am currently living with my…
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IVA and joint mortgage
Please please can someone help me. I am desperate for some advice or guidance, I apologise if this is in the wrong forum, I just didn’t know where would be best. I left my husband of 13 years in June 2014 following domestic abuse, following a court case about the children it was decided that he stay in the ‘family home’…
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DRO Submitted - Not heard anything
Delete - No longer need advice
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Waiting for DRO
Hi - does anyone know how long it will take for credit companies to issue a ccj ot bailiffs please? I am currently applying for a DRO and have been told it will take about 12 weeks to go through - they have stated as well that in that timeframe creditors could take me to court etc? Many thanks in advance :)
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12mth into my IVA and want to sell my house
Hi im twelve month into my IVA i had debts of £32000 due to redundancy divorce etc, They set my payment at £86 per month after my annual review its jumped up to £325 but we are still struggeling to pay the £86 never mind the increased amount we are due to pay. We think our only option is to sell our house and down size is…
