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Redundancy and IVA
We are in the 6th year of our IVA having failed to remortgage in Dec last year, so we only have until December this year to go. Unfortunately my wife who is by far the main wage earner as I am involved in a small business has been made redundant. They have given her 3 months notice pay which she doesn't have to work,…
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Telephone DRO with CAB - What to expect?
I have been put forward to speak to telephone DRO/Dept assessor next week. How quickly will things happen after the phone call? Anyone got any experience of this? I've got everything in place for the call, I just want to get the DRO processed asap. Thanks in advance.
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Car when in a DRO?
I am in the process of applying for a DRO :( My current car is worth less than £500 so I'm hoping that won't be a problem. However a family member is purchasing a new car in December and have said they will give me their old car, its value is £3000ish - Will I be unable to accept it if I have had the DRO approved?
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DRO Assessment query.
Is it possible to have a couple of intermediaries from different charities perform an assessment prior to paying the application fee? Am I correct in thinking that it's not the intermediaries who can impose a rejection and subsequent 6 year ban on applying for DRO but the Official Receivers who can only do this?
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DRO - creditors rights... what they can/can't do?
Only me again! So, I am awaiting my experian report coming back (seems to be taking its time - though things always do feel this way when you're waiting on them!). I wrote to my creditors with a hold letter - I've had about 10 phone calls from one, and average of 5 a day from each of the others. To be honest, I received a…
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Iva Account Balance
Hello I went into an iva a few months ago I am wondering with what's spare a month can this be saved? If so how much can I have in my account before I have to pay any more into my iva? Thanks
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Iva Car Finance
I need a car to get to work and run my family around and I am wondering if it's possible to get car finance and what is the highest I could get with being in a iva? In my expenditures i have got £80 for travel which could be used for car finance?
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Advice on iva or bankruptcy please
I have £39k of debt, £31k is 8 years old and mostly gambling debt. Recently ( last 2 years) I've acquired further debt overdraft, ccs, expensive personal loans and a payday loan. I'm separated and due to family issues my life seems unmanageable. Up to now I've been working 7 days a week and a pt evening job just to keep on…
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IVA approval?
Hi, I am currently in the process of setting up a IVA through PayPlan. I am now just waiting for the creditors meeting to be set. I have debts of just over £19,300 and the estimated dividend for creditors is 29%. Is this likely to be accepted? My IVA payment would be £155 if accepted. There is a bit of room to increase…
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Creditors meeting this friday
Hello My partner and I made a hard decision and applied for an IVA - with have 42K between us. Our meeting is this Friday, im so stressed out - I have major anxiety issues and I feel i cant cope. the waiting is really hard, im trying to go to work and not flee home. Nothing ever seems to go our way. If the IVA is not…
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Where can I find old IVA information
I had an IVA many years ago & I need to dig out there information but I don't have any records stored away, is there a way of tracking this information down? Thanks
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Dro & bank charge claim
Hi, i have an approved DRO and have been reading up about claiming old bank charges, i have statements proving all the ones i've had and found a letter template from this site to send to my bank.. Am i allowed to claim these back whilst on a DRO? they total around £300?? that is even if they was to say yes and refund them…
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Damsel in distress
I'm in an IVA at the moment and noticed DEA table on my payslip today, after phoning payroll, I discovered that DWP took a substantial amount from my wages. I was told when I entered into the IVA that the DWP were included. I phoned and spoke to an unhelpful member of staff who said that the only way around it is to pay…
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DRO and the £50 surplus
How will it stand with my DRO application if I haven't got a surplus of £50 per month after all outgoings paid? After completing income and expenditure info I will be approx £100 short of what I spend! Will my advisor still think a DRO is the best option? I'm meeting her on Monday. Thanks.
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IVA - Credit File etc
I have been on my IVA for about 16 months and it's all going fine. However I noticed on my Clearscore report that this month my credit score jumped from 185 to somewhere in the mid 300's! Any idea why this would happen in one month? Nothing has changed. Due to this, I'm wondering if getting a credit card (not to use, just…
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Getting any credit
I am looking to get a motorcycle and gear as will save me money every month compared to travelcard but due to dro I wont be able to get finance, does anyone know anywhere that will give finance with bad credit history and not charge 1000% The only thing I can think of is doing a justgiving site lol
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JSA is refusal for a DRO
Just thought i'd join and ask for some advice. After a few emails back and fourth with a well known debt advice site, i was sent a final email stating that; "Unfortunately as you are receiving JSA we cannot look at this at the moment as a solution for you as your circumstances are likely to change within 12 months." Why,…
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DRO help
Hi I have been enquiring about setting up a DRO today and my surplus is under £50 a month but they've said cos I pay £50 a month to a ccj which is included in my income and expenditure I am not allowed a DRO. Is that right? Also if I can do a DRO are any of my husband's belongings included in the things in his house over…
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Given notice at work can I get a DRO?
Due to issues with health I am giving up my job. I currently have a dmp with pay plan. My last salary payment will be on 9th June with holiday pay due then or 4 weeks after. I have worked out that with my income of tax credit, maintainence and CB after my bills have gone out I will have no spare cash for my dmp. One of my…
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Secured loan part of expense in DRO?
Can anyone tell me if payment to a secured loan is allowed as an expense in a DRO application. Thanks
