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iva completion advice
Hi, My partner and I have paid into an Iva over 7 years. We have now completed all our payments. The original debt was £56,359.20 We have paid in £36,711.55 Ppi asset received £12,44.00 Total paid in £49,155.55 I am slightly confused as to why we have to remortgage. Deducting what we have paid in against what we owed is…
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Unclaimed money from my Iva creditors has been sent back to me help!
Hi everyone, I would be very grateful for some advice please. My IVA came to a successful end in 2011but took another 18 months has to receive the completion certificate as debt free direct was chasing PPI payments from my creditors. I was really annoyed by this as it kept me officially within the IVA for any extra year…
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Two more payments left.
I have two payments to go in my IVA last payment will be made on my 40th Birthday. Should I be doing anything now or preparing to do anything? Also I usually do an annual review about Christmas time but haven't been contacted by payplan to do one since my IVA final payment is March 1st I am assuming an annual review isn't…
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Defaulted IVA 10 years ago still on credit report
Hi all, new to this forum. I entered into an IVA which I defaulted on. The court date for which was back in 2006. I've been slowly re-building my credit and have requested an equifax report. The IVA is still listed under court information as a public record. I thought this should have been removed after 6 years? No other…
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Reduced debt offer letter
I hope someone can help with what to do next. I have received an offer letter from a debt company to pay 33% of the debt. This amounts to £188. I was visiting my parents over the holidays and the letter says today is the last day to contact them. I do wish to accept this offer but am not sure how to continue or what to ask…
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Full and final IVA closure - what happens next?
Hi everyone, I'm in the third year of a 6 year IVA with Debt Free Direct but have offered full and final to finish the arrangement early. The meeting with my creditors is scheduled for 10 January and assuming they agree I wondered what happens next? Will they need to conduct any more reviews of income and expenditure or is…
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£15,000 fee for 6 month IVA extension!
I attended a meeting with my IVA supervisor to sign the paperwork relating to six month extension to my 5 year VA, and to also 'have an adult conversation about his fees' There was no 'conversation' about fees, I was simply told that he was not prepared to carry out any further work unless I agreed to his fee of a further…
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IVA Solicitors -help
Hi - i have received a very recent inheritance £140K my IVA is £62K - ( been paying £200 pm for 3 years) I asked for a final settlement figure and the company has advised it wil be £83K + charges To be defined. Are there any solicitors around I can discuss this with as it does seem very unfair?? Andy
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DRO & Solicitors
Hi hope I've posted this in the correct place.. Long story tried to cut short. My mothet put in a claim nearly 3 years ago after a fall leading to a fractured skull and other things. The claim was coming to an end and the solicitor was about to inform the defendant that she would accept X amount but unfortunately my mother…
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help needed , iva non claim cheque refund ????
hi, i have been contacted by debt free direct,,, they have send me a cheque back , apparently one of my companies i owe money too didnt claim it. my iva finished in 2011 !!! 4 years later a cheque lands on my doorstep , i ring them up and they say dont spent it as my claimant can still claim ,,,, help... what do i do ??…
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Desperately seeking some advice
Hi all, I am in a real mess, and it has, for some time, affected my mental health with serious bouts of stress, anxiety and depression. This is a summary of my current position: Home - shared-ownership home, owned in my wife's name ONLY. I am nowhere on any documentation. Debts - Water companies (x2) 5000 Energy provide…
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It's over!
I just have to share - after 6 looooong years our final payment to our IVA was made on Dec 1st 2016 - it's over! Finally! Could not be more happy. We do have to fill out some form of PPI forms which im sure we have already done so i need to look into that - but roll on the day we get our certificate! I wouldn't wish the…
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DRO and Matched Betting
I have been looking into matched betting and was wondering how proceeds from gambling would effect a DRO. I know it is not taxable, but is it considered income? Would a DRO be revoked if I earned more than £50 a month?
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Dro / iva?
Who do I need to contact to find out if I can qualify for one? Stepchange have suggested to me a DMP, but it looks like its going to last over 5 years, and I'd like to know more about whether we would qualify for alternatives. We have no assets, not homeowners etc, so its an avenue I'd like to look at.
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IVA Advice
Hi Everyone Looking for some advice from people that have been through this process I'm considering getting an Iva . I have been paying all my debt and it's up to date, but by the time that's all gone I barely have enough for food and fuel before there's nothing left. I owe around 40k, half on a loan that has 6 years to…
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Will my IVA be Cancelled
Hello all. I currently have an IVA with Harrington Brookes. I have just completed 2 years. I have just submitted all my bank statements etc, and explained a few things on there. Basically, every so often, my ex partner has paid some money into my bank account, to help out with child care etc, and for any bills that have…
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Proposed Variation & Deed of Assignment
Hi, Looking for a bit of advice, I have three payments left of my IVA however I received a letter from Debt Free Direct asking me to agree/disagree to a proposed variation and also sign a Deed of Assignment in relation to PPI's. I really don't understand the terminology they are using. Do I agree to these and sign as I…
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DRO and Budget Form
Hi all, I am just about to send my DRO application but I have a question regarding the budget sheet. The intermediary have said my partners wages need to be included. I don't work and have been signed off sick through long term illness. All the debts are from credit cards before I met my partner. I'm not quite sure why she…
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Finishing an IVA - Can we now buy?
In August 2017 my wife and I complete our IVA. At the time of our IVA start we were shouldering around £20k of unsecured debt and had a joint annual income of around £27k. In 2013 we surrended our mortgage and had our home of 13 years repossessed. We werent in arrears but we actually wrote to the lender and informed them…
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Is a DRO right for me?
Sorry for the long post. For the first time in my life I'm trying to become debt free so PLEASE do not judge. I've thought about a DBO since January but never looked in to it but I've now read about the DRO quite intensively the last week and a half but I still need some advice/guidance/nudge before I call the National…
