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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…
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Landlady chasing rent arrears 2 years after dro
I owed my Landlady rent of one month due to losing a job, delays in benefit payment and then struggling to pay debts. She knew I was taking a dro and agreed that the arrears can be included. This was 2014 and the rent has been paid on time since 2013. Out of the blue she sent a text last month demanding the arrears to be…
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just finished an IVA what next ??
i've just finished my IVA at 5 years by paying all my creditors with a remortgage as required. a couple of things have cropped up .. when i started the Iva, i hadn't missed ANY payments but was constantly going over my overdraft and incurring big bank charges .. The IVA provider told me i would be best off going down the…
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IVA and house move - possible foul play issues!
Hi guys, bit of a complicated one this so I'll post a timeline of events first with my questions after; 1. Me and wife apply for joint IVA 2 years ago 2. Joint IVA gets rejected, sole IVA in wife's name is accepted which contained debts for total of 4 creditors totalling approx 8k. 3. Each year wife had to submit…
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DRO 4 years still showing default
Good evening, thanks for a having a read and maybe being able to advise. I had a DRO in May 2013 and discharge may 2014, if I’m honest I’ve stayed away from checking my credit report and the last time I looked was 2015. I have just gone on to Equifax and noodle (for some reason Experian is pending further checks!) it’s…
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DRO showing on register?
Hi, I submitted my application fro a DRO with stepchange late afternoon 27th October Friday, it's been 4 working days since and my name hasn't showed up on the online insolvency register... Should I assume my application has been rejected or could it take longer? I've read it should only take 24/48 hours 😕 Also if there…
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Five year DRO sold to debt collection agency!
My partner did a DRO back in March 2012, he was discharged from it in March 2013. A letter turned up last Friday,from a debt collector, asking for money, for a debt owing to Next Directory, which was included in the DRO. We still have all the paperwork, anyway, the letter threatened the usual, they will pay a visit, Court…
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DRO and creditors.
My DRO was discharged on Saturday (maybe today as weekend?) and I was just wondering how long it took to show on my credit file that my creditors have marked it as partially settled or partially satisfied??
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mis-sold an IVA how can i sort it out??!
sorry for the repost ..put a bad title on the other one... i've just finished my IVA at 5 years by paying all my creditors with a remortgage as required. a couple of things have cropped up .. when i started the Iva, i hadn't missed ANY payments but was constantly going over my overdraft and incurring big bank charges ..…
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Getting IVA on track or getting rid...
I am asking for advice for my now partner. My questions are around what his next steps should be. History: He has an IVA started in Dec 2012 and to which he has been paying £1 each month since August 2014. The IVA was originally with ClearDebt (now Accenture) and the low payment started because he was made redundant. The…
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IVA company has gone in to receivership
Been in my IVA for three years now. I have had some major problems with them earlier this year of harassment trying to get more money out of me when I simple can not afford it. Only just informing me this year that I am in arrears of over 3000 since Nov 2015. Just got informed this year in April 2017 about that. I have…
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S.O.A: about to start IVA. advice please
Hello all, I've read this forum for a long time now but this is my first post as I'm in financial trouble. Some background: I work as an architect in london where I rent a room in a shared house with friends. Its a classic story of using debt to live in London whilst the debt mounted up and more of my income was used to…
