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Car loan while in IVA?
My husbands had a company car but his employer now wishes to take the cars back and give employees a car allowance instead. In another situation. This would be great but we cannot get a lease or loan anywhere due to the IVA. Can anyone suggest any way we might be able to get finance as we will be able to afford it as the…
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DRO Application - Bank Statement
Hi, I received my DRO application in the post yesterday. It came with a checklist -one of the things listed is 'latest calendar month bank statement' to show incomings and outgoings. It must have name and address printed on it. I get paperless statements. When I have tried to download my statement from online, it doesn't…
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DRO & CCJ's
Just wanted to post after reading a few other threads about DRO's.. My husband was hoping to apply for a DRO as his debts are under the amount, no assets or savings over £1000 and his car is not worth over £1000, we dont own our own home either.. He has seeked help from StepChange and filled out their form online.. from…
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IVA .. social fund loan??
Hello. I am getting help from Step Change Debt Charity and filled out their debt remedy form, and they have advised an IVA application (monthly payment of £80, which is fine and affordable for me) or Bankruptcy .. but i am leaning more towards the IVA I was just wondering if i should/could include an old social fund loan…
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Setling my iva
Im about to receive a large amount of compensation. I want to pay off my iva in full. Can i do this?
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Month 50 of IVA
We have today received letter from our IVA provider and requesting the following information: Mortgage redemption statement - can we just send copy of latest statement? An open market valuation - how can we get this? two offers of re-mortgage - how can we go about getting this? Thanks for all your help, just need some…
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Money Advice Service Standard Financial Statement
Hi I have yet to have my income and expenditure conversation with my OR. Has anyone been assessed using the new MAS SFS tool? is this more lenient that the old method of calculating excess income? Thanks
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IVA Question - Creditor wants to edit file / unenforceable
Hello, My other half has been in an IVA for almost 2 years, but has been out of work on illness / capability grounds for 12 months of that. He took a 12 month break from the repayments following losing his job agreed with the creditors and that is nearing the end of that. He's received a letter from Nationwide saying they…
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Post DRO help please
Hello all, I started my DRO back in 2013 and completed the 1st year in June 2014, ive been on Experian to take a look at my report and the accounts that were included in my dro all still have defaults on them and haven't been updated since 2013, all the balances are still the same, is this correct? I thought that the…
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Defaults on credit file after IVA
I had a lump sum IVA which was completed in March 2015. I have been checking my credit file and several of my credit accounts, settled by the IVA, are listed as 'default', whereas others show default prior to the IVA but are listed as 'settled' after the IVA. One of my creditors sends me arrears notices for what should be…
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Trust Deed Question
Hi All, I hope someone can answer a quick question for me. My trust deed was registered almost 5 weeks ago, the 5 weeks is up this Friday. I know that creditors must raise objections within this period if they want to oppose the trust deed. However what happens if a creditor writes a letter of objection which is dated…
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Credit file clean up after DRO
HI can anyone give me an example of a letter i could send to my creditors as my dro has finished and i would like to sort my credit file out thanks in advance
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DRO Worry
Hi. ive recently been applying for a DRO through payplan, they have sent me all the relevant forms n done credit checks etc all i need to do is pay the fee noe. im just curious to know how many have had DRO's rejected and for what reason? it talks of preffering other creditors? i have recent vodafone debt that i have paid…
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IVA is done!
So the day finally came 29th March our IVA finished! I believe they are in the process of sorting our file ready for completion it has to go through there insolvency firm first as Varden nuttal are in administration! I was wandering when the IVA would drop off my credit score? It's not dropped off yet? I was told it would…
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DRO change of circumstances
Hi there, was wondering if anyone could give me some advice. My DRO was approved a few months ago but I've now managed to get myself a better temporary job with a higher income. However, the higher income is pretty much cancelled out by the fact that my living expenses have increased, especially as I now have to buy a…
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IVA problem
Hi, I took out an IVA in 2013 and have been passed to 3 different companies , I phoned the one that I am now with to check that the IVA finishes next year. I was told that IVA didn't start until 2015. What can I do as I am a pensioner and disabled and finding it difficult to pay it.
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DRO and Loans just Before an Application
Hello, Just a quick few questions regarding DROs. My friend is currently looking to apply for a DRO through one of the authorised organisations. The issue is, the lions share of the particularly concerning debts is from Brighthouse. He has a television, laptop and washing machine from there. As he is out of work through…
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IVA Help | Change to Circumstances | New Job
Hey everyone I'll try and keep this short & sweet! Since August last year, I have been signed on the sick due to illness, which inevitably resulted in losing control of my monthly payments to creditors. In January this year, I started my IVA. My monthly payment was worked out using my Universal Credit payments I receive…
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DRO question
i am thinking about a DRO as cannot work as carer for my husband who is disabled after a stroke, only income is benefits but all are paid to me as my husband is not able to fill in forms etc. so income support is paid to me but obviously is meant to be shared! his income is DLA but that is spent on his personal care needs,…
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IVA/PPI after completion
I had a breakdown, which left me jobless and I contacted Payplan and they told me that I'd pay over the 6 years and the rest would be wiped off. I have to say I wasn't really sure of anything, but everytime we spoke Id end up crying. I received my completion certificate December 2016. I thought that was it. It was only…
