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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…
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mortgage question
Hi our iva finished in april after six long years, my question is how long will we stay on the insolvancy register and once we are off this how long would it be before would we be able to apply for a new mortgage so that we can move house
