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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…
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IVA from first marriage debts
So I have an IVA currently in place and have been for 3 years. My ex husband went bankrupt quite soon after divorce so everything was then my responsibility. I have another 3 years to pay. I got married 2 years ago and my husband now have said he don't want his wages included in the income for the financial breakdown. Is…
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IVA & Creditors
Hi All, I currently have an IVA via Stepchange to pay just under £20,000 of debt. I am 17 months into this agreement and have never missed a payment. I have paid approximately £4500 of this debt back to 10 different creditors. All has gone smoothly so far, all creditors have accepted the IVA from Stepchange and I've never…
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IVA 10% Rule
Hi all, I currently have an IVA with Aperture and coming up to 12 months paying £130. I work long hours and find it difficult to contact them. This month I have been paid a significant bonus from my employer and have earned another significant bonus for December. I appreciate that I must pay 45% of this but I am struggling…
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DRO and Defaults
Hi I had a Debt Reflief Order put in place on 5/10/2010. Can anyone clarify that any of the creditors included should not have my default dates as after this date or not? 2 banks have been removed off of my credit file with my DRO but 1 bank has me defaulting after that date. My credit file is spotless apart from them. Can…
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IVA Full and Final Settlement Offer
Can anyone advise how i go about making a full and final settlement offer for an IVA? I have 15 months left to pay at £373 a month. I would like to clear this as soon as possible and may be in a position to do so quite soon. However, i don't know if i make an offer or if the creditors tell me what they want paid to clear…
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Re-mortgage after IVA paid in full
Hi, little advise needed please, I have paid off my IVA with a final offer and have my certificate of completion 2 years ago, however I have 18 months before the 6 years has lapsed until its off my credit file. my query is can I re-mortgage to obtain a better deal/rate as I have never missed a beat with my payments on the…
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IVA Assitance
Hi guys, Having had a pay rise and being in receipt of a company car, my payments to Payplan for my IVA (been in it for three years) has increased to £730 from £270 per month. Few questions - my original debt was small for IVA standard (15k) but at the time, with my wage, it was massive. Had I been in the situation today,…
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OR officr
Hi, Unsure if anybody else know this but does the OR office shut over the Christmas/new year period? PW x
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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…
