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Updating of insolvency register
Hi I was wondering how often the insolvency register is updated? Would it be a live update or overnight? I had my DRO application from the intermediatory sent over lunch time on Friday so dont really know when i should be looking out for it on the register? Any help would be much appreciated.
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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…
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Insolvency & dro
Hi I was wondering if anyone could tell me what happens once the intermediary sends the completed debt relief document to the insolvency service? Is it just an automated system or do they run checks on your outstanding debts, salary with the inland revenue etc. Also from the point of the intermediary pressing the button…
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Self Employed DRO
Hi I've been reading the forum for a few months, but this is the first time I have posted. I did just type out a post and thought I had submitted it, but it's showing that I've not posted at all, so I'm assuming I did something wrong. To cut a long story short, after losing my job (contract ending and company not doing…
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Ccj
Does anyone know how long it would take in missed payments before being given a ccj? Currently waiting for my DRO to go through which may take a while and I'm starting to panic 😬 Tia
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Wanting to change to IVA but have joint debt with ex husband
As part of my divorce I agreed to take on the loan / credit card debt and to keep the equity in the house (it works out the same amount). This was to save me selling the house as I am a carer for my autistic adult son as we would have been homeless. The divorce etc was stressful enough so this seemed the best option at the…
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DRO discharged but still have defaults
A couple of months ago we were told by our landlord that she will be retiring soon and will be selling her properties. She has offered to sell it to us but we don't want it because it's going to cost a lot of money to put right and would rather find somewhere else. Anyway, we have had two mortgage advisors try and get us a…
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DRO and increased car insurance
Hi im new to this and just hoping someone could possibly help me please. I had a DRO back in 2014 which lasts for a year so ended november 2015, i understand this shows on my credit report for 6 years but i noticed last year when searching for car insurance renewals my quotes had gone up considerably so i stayed with my…
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DRO & Salary sacrafice vehicles
Hi everyone I am contemplating a DRO and have a question which the debt charities cannot seem to answer, I wonder if anyone has experience of my problem? I currently have a salary sacrifice vehicle through my employer and was wondering what the official receivers view would likely to be on this? Would they include the…
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DRO was made but still received Deductions from Earnings!
Hello, This is some kind of a horrible nightmare at the moment cause the main reason I made DRO was to exactly avoid situation like that from happening. I was approved DRO in June 2017 and from October 2017 my employer started to deduct money from my wages for council tax which was of course included in my DRO. Employer…
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Parking Fine
Hello All, I'm in the process of sending my DRO application (going to scanned documents and send tonight). I've received a parking fine today so didn't know about. Can I include it in the DRO? I can't find a clear answer by Googling. Its from a company called Smart Parking not council?
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Is IVA really an option?
So, I just used the debt remedy tool on step change. The main suggestion was IVA! I'm pretty happy with this as I want to take some responsibility towards my debts and have so many issues with bankruptcy and getting in trouble and my already fragile mental health can't cope with that.(application dishonesty, selling my…
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6 Year IVA + 1 Year
Hi there, Looking for some advice, in the next 2 months I finish a 6 Year IVA + 1 Year totalling 7 years of payments. Once I pay my last payment in December will I need to wait to sort my credit file out, as the IVA only stays on your file 6 Years from the start of your IVA. Would this mean also that my completion…
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IVA/Home Insurance/Car Insurance
Hi all, I’ve been a lurker on the board for some time now and thought it was about time I contributed and ask some advice considering I’ve seen some amazing advice being given out on this forum to others! Thought I’d give you all a bit of history first so you know where we’re at! My husband and I entered an IVA in March…
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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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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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IVA and renewal mortgage
I'm currently in a fixed term 5 year mortgate which will end in 2019. Cut a long story short, I may have to go via an IVA route as I've got over 20k+ of credit card debts. Question...will it be difficult for me when it comes to renewal? Can the lender reject me? Bare in mind that I've never missed a repayment for my…
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DRO & Council Tax Bailiffs
Hello everyone! Background: Fulltime student so exempt from council tax payments for the next 1.5 years. For the last 2 years the debt has been with bailiff after bailiff. The council refuse my offers and refuse to take it back. I've never been informed that the bailiffs have sent it back. I just get new notice. I do not…
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DRO - Aqua are saying that I owe more money?!
I had a DRO put in place in September 2014 and the yearly period ended in September 2015. Over the last couple of years I have been sending letters to the creditors who were still incorrectly showing as "defaulted" on my credit report. I hadn't received any responses until I got the Financial Ombudsman involved and now…
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DRO not showing :/
hi, just looking for a bit of advice, granted A DRO end of may this year, checked my experian report the month after and score ihad gone down even lower reason was that a bankrupcy or insolvency was added- which i was expecting. fine. now iv checked it again and since end of july my score went up slightly saying i no…
