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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
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Pre DRO and water company
Hi all, I am in need of a little help please, I have debts totalling almost £600 with the water company. I have not received a bill in almost two years(!) and whilst getting everything together for the DRO, I know I need to show that I am paying the water company in order for it be included in an expense, I contacted them.…
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Cars in IVA or DRO
Hi All, I have been trying to sort out my debts but have recently been issued with 2 new CCJs which I now can't defend as they were sent to the wrong address. I am at the point now where I think a debt management or IVA might be appropriate, however 1 of my debts is a previous mortgage which was left after my property was…
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DRO and getting a mortgage
3 years ago I had a debt relief order go through. I'm now in a much better place financially, I have savings and regular income. My partner and I want to buy a house together in around a years time. He has good credit and we both have around £5000 each at the moment to put into a new buyer ISA. I posted this in the wrong…
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Moving after start of DRO
Hi I am going to start a DRO in the next few days - can't wait to get this load off me... Anyways there is potential that we could move to Northern Ireland at some point in the next year. If I am still subject to the DRO is there any restriction on me moving out of England/Wales? I know the rules for DRO's are different in…
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IVA and credit file
We have 18 months left on our IVA and our IVA company have offered us a loan to clear the balance and allow us to close our IVA within 3 months. They said this will take us off the insolvency register within 3 months and we will receive our certificate. We are keen to start rebuilding our credit rating so we can get a…
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IVA calculated wrong
Hi it's my first post. My IVA is finished Nov 18. I pay £180 a month now after getting behind when on maternity leave. When I first started the IVA on the statement it said I owed tax credit £3600! I called and said I don't even receive this is tax credits in a year so how can I owe this? I had to get proof from them in…
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What would you do?
This is the full situation which my friend would be very grateful if you could read and comment on. July 2016: John is 31, married and works a finance job in London with a salary of 25k a year. His wife doesn't work because they live in a very cheap rent. They have no significant assets - no car, house. Only !!!!!!…
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Urgent advice please re IVA
In the post today was a letter from Creditfix for my daughter who lives with us. It is in relation to her "Proposed Voluntary Arrangement " which has a creditors meeting scheduled fo 19 th June. She has shown us the paperwork and to be honest I'm panicking. I know it's not our debt but we never knew she owed so much and…
