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Is a partial the same as a default?
My IVA finished in May this year and decided to clean up my credit record. All seems ok except I had a default against my name as they all should have dropped off as it has been over 6 yrs. I contacted the creditor and explained and they said yes it is their mistake as the had the wrong start date. It now looks like they…
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Credit Fix + Just Lending
Good evening all! We are in our 6th year and our IVA is with Credit Fix (we were originally with IVA Advice Co.) We are still to receive our letter from Credit Fix about equity release but have just received an email from Just Lending offering us a second charge mortgage (secured loan) to exit the IVA early. Please see…
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Considering DRO...what should I expect?
Hi All. I am considering entering a DRO. I was working full time up until september, but my then partner who was a stay at home dad had a mental health breakdown, and I had to ask the police to remove him. I have 3 kids. I now work part time and claim Universal Credit, which although i was warming to the idea of one…
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Petrified of starting IVA
Hi, I am fairly new here after lurking for years... I am really pleased to have found this IVA forum as some posts about them on the main forum have frightened me to death. I about to embark on an IVA after a year of deliberating, burying my head in the sand and accruing more debt. I have been sent a proposal by Vincent…
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paying more than originally stated
When I set my IVA up it was stated that I would pay back 37%. I have already paid back 37% is there anything I can do to not pay anymore? or do I have to keep paying until my IVA finishes is March?
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Am i being cynical
Creedo claims and payplan received ppi from the Clydesdale last week. Creedo say it could be weeks before i get my share. Am i being cynical in thinking they are making money from the payment instead of paying it out?
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PPI after an IVA
Hi all, I have a question about PPI. I was sent my IVA completion certificate in June 2014. Following that I started receiving correspondence from Slater Hayward Law asking to start PPI claims. I signed their forms as it implied I was obliged to do this. After speaking to someone recently it seems like perhaps I shouldn't…
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dro and personal licence
hi guys i just wanted to check i am currently on a DRO, and my work want me to apply for a personal licence and a premises licence, would i still be allowed to? It's not a business i run, it's so I am able to run the supermarket without a manager being present?
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IVA help!
I am currently trying to arrange a joint Iva with my partner. The IP has requested the last 3 months bank statements. This is fine but two of the statements show a wage being paid into my account as I did some sickness cover for 3 weeks (last week in sept - 2nd week in October- hence appearting on two statements) to help…
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Debt Free After 15 Months Of IVA Payments
In June 2014 I entered into an IVA. My last payment into my IVA was in October 2015 after I was dismissed from my job and deemed unfit to work by the DWP. Today I received fantastic news. My IVA Company held a variation meeting with my creditors. They have accepted the payments that I made between July 2014- October 2015…
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Have received completion certificate. What now?
After six long years, I've done it. Its finished. The IVA is done and dusted. I received my completion certificate today (and will be celebrating tonight!! So please help, what do I do now? I guessing I have to check my credit score but after that I'm lost. Thanks in advance.
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Was thinking Bankruptcy but wondered about DRO - SOA included
Hi there, I've been posting on the bankruptcy boards but it's been suggested that I post my SOA over here as well as DRO might be an option. I don't have any assets or interest in properties. My pension is paid into monthly but is worth less than £2000. Here's my SOA mostly based on calculations I did over the last few…
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Mortgage offer
Just received our final offer from Barclays only 11 months post IVA, thanks to using a good broker. We had a mortgage but wanted to move from nram/landmark to a 'stable ' setup with normal rates. Got a fixed deal approx 2.5%, 90% LTV. So there is hope out there.
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IVA with Payplan completed but want PPI refund
Hi there I am looking for some advice for my elderly parents who were in an IVA with Payplan. Due to my fathers ill health (he is 72) the creditors agreed for the remainder of the IVA to be written off. This was 23rd June. They have a letter stating it was agreed in full and final settlement and nothing else to pay. As of…
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IVA Accepted Today
After a couple of months sorting out the paperwork I had my IVA accepted today. I had been in a joint DPM with my husband but had a big change in circumstances for the worst so our DFD went to 2032! After taking advice I opted for an IVA and as my husband's debts are less he can pay his off under a DMP faster than he would…
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About to start IVA - PLEASE HELP
After many months of pondering I have decided to start the process for an IVA. I owe approx. £28,000 to 5 creditors. I also have a loan from a family member, fortunately they are aware of my situation and are in no hurry for me to pay this back. I have completed the budget tool on the step change website which has…
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moving your mortgage, whilst in an IVA
Hi. Just a quickish question; if you're in an IVA, but your mortgage is not in arrears, can you change mortgage lender? Also, there is no fixed rate etc...still running.
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Dro and large working tax credit.
Hi I was awarded a DRO on 28th October 2016, on September 13th 2016 I was awarded PIP and it was backdated to 13th June I let tax credits know at the end of September and they sent me a form with some questions about my disability. Today I've noticed a large payment of working tax credit if £1063 to go in on 8th November…
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IVA, house sale and new mortgage
Hi All, I'm two years into a 6 year IVA with Debt Free Direct. My ex husband and I still own a property together but we are discussing putting this on the market next year. The proceeds from the sale will clear my IVA and I will have a bit of cash left over. So my question is once I pay my full and final on the IVA, how…
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Heard nothing on IPA
If you don't need to have an IPA does the OR contact you to tell you so or will I just hear nothing. It's been 3 weeks since my first OR interview and there has been no contact since
