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Anyone obtained a mortgage after a DRO?
HI Has anyone had a mortgage after a DRO has just finished? I know it's still 5 years on your file but is it possible for this to happen sooner? If so, what deposit was required? Thank you
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Failed IVA and next steps
Hi, I entered into an IVA which started in May 2011. Unfortunately towards the end of the IVA my supervisor advised that my payments towards the IVA were not enough and I would need to make up the shortfall so that the IVA could be closed. I tried my best to find the money owed to meet the demand but missed the deadline…
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beneficiary interest and DRO
Morning All Any help welcome. I have just come of the phone to stepchange who are sending the paperwork for a debt relief order. I was originally going with NDL But there waitong time is 9 weeks. Anyway stepchange advisor said after my budget im left with less tbat 50 a month surplus, dont own a car or house, but she wasnt…
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Worried IVA ending up paying for 7yrs
I'm in the 5th yr of my IVA and as far as I can remember, based on a phonecall right at the start of my IVA, I was told it would need to be extended to an extra yr. I have so far paid £8,900 into the IVA. Now I am in my 5th year with an original debt of £22k and I am unable to remortgage my house due to my lender Northern…
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Dmp and privately renting
Hi, I'm after some advice please. We have thousands of pounds worth of debt and rent privately. I've been always against an IVA or DMP as I worry it will come up on our credit file when we look at other rented properties as I know from the house we are currently in there was a question if we have ever had an Iva or dmp and…
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pre DRO and credit file
Hi everyone I have two copies of my credit report experian and noddle for my dro. Is there any specific piece they need??? mines 24 pages and i still cant see total debt etc?? on my mobile app its much clearer shows what i owe and my creditors, on paper looks a mess. There different too experian shows a HP agreement…
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Couple dro £40K?
Can a couple a husband and wife both do a dro each together at the same time, so £20k each, but individually
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NHS Childcare Bursary and DRO
Bit of a strange one but I'm shortly going to apply for a DRO as I have nearly 16k debt and meet all the criteria but I am concerned about the money I receive towards my childcare bursary (I'm an NHS student) Costs are estimated at the start of September for the year, and reconciled every quarter, if I have been underpaid…
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DRO Application. How long once submitted?
My intermediary sent over my DRO to the Insolvency Service yesterday. I have read that it can be processed and approved within 24-48 hours. Is this still the case? I am checking the Insolvency Service website as I assume it will be listed there first.
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IVA and Parking charges help!
Hi there, I need help- I have had conflicting advice provided by citizens advice and grant Thornton and a private parking company and my IVA owners. I incurred 6 parking charges over December and January and was not aware of them until may of this year (unfortunately I changed my address on my driving licence and not my…
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Advice on Payplan
Hi - does anyone have any experience of submitting a full & final offer with Payplan? I'm trying to figure out the timescales they work to, I feel like they're dragging their feet. Thanks, Kirstie
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5 years paying, no end in sight
We started an IVA in December 2011, never missed a payment for the amount of just over £34000 (unsecured creditors) our detailed court documents stated that an estimated dividend of 46% was available to creditors (which included a claim of a big high street bank for the amount of £8000) - we have paid £350 per month, we…
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IVA Close - Advice Sought
Hi I'm new to this group and wondered if anyone could offer some advice pls? I'm currently at the end of year 4 of my IVA, having just under £5k left to pay it off in full. Thanks to help from my mum I'm thinking of making an offer to pay it off completely at my annual review in a couple of weeks. I believe I could still…
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Advice on DRO
Hello everyone ive currently applied for my first DRO, awaiting approval. i just a couple questions i need to ask and im not getting anything from the internet. Long story short single parent, £5,000 worth of debt, living off -£27 a month... how i do it i dont know as its a 12 month period of not paying the £80 a week i…
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Income reduction in IVA
Hi I was hoping someone could help me. Myself and my husband have only recently been approved for an IVA. We have made 1 payment so far and tax credits have reassessed us ans reduced our award by over £800 per month (i think we no longer qualify for childcare help). Anyway before the IVA was approved our surplus was £700…
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About to go DRO but just had increase in ESA.
I was just on the cusp of submitting for an DRO application when I received an increase in my ESA - They have started paying my Severe Disability Premium which is an increase of 63 pounds a week. :( Please tell me if this affects my application for a DRO and should I still go ahead with the submission?
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SOA Help
Hello all, I am new to this forum. Me and my husband are thinking of applying for DRO. Could anyone have a look at our SOA? Household Information[/b] Number of adults in household........... 2 Number of children in household......... 3 Number of cars owned.................... 1 Monthly Income Details Monthly income after…
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DRO advice needed
Me and my parner thinking about doing dro, we owe £20800 😔 I just need few claryfication. I saw a lady in CAB already and she was questioning every transaction on our bank statement, mostly pay pal transaction. Does in mean, once my DRO is in place I won't be able to buy or sell on Ebay?😕 It is obviously part of saving as…
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Credit file post DRO
Hi guys sorry if this has been asked before. I was discharged from my 1 year DRO on 12/02/2017 and I've been continually monitoring my report to make sure the accounts are settled. Although the rest have, I still have 2 showing as "closed" but the balance is still showing. Am I right in thinking this should be showing as…
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Is it possible to get a mortgage with a DRO
Hello I'm looking for some advice... I was discharged from a DRO in 2015 and I want to get a mortgage will this be possible?? It will be a joint application with my partner who has an excellent credit rating but unfortunately does not earn enough to get one on her own. I earn £30000 a year and she earns £8550. we are…
