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iva remortgage
hi all just 2 months away from the end of my 5 years of paying almost £400 per month to my iva and they say i have to remortgage my house to raise the money to pay it off. how can this be when ive gone 5 years without credit and suddenly they want me to get credit, and also from the outset they promised to wipe out 75% of…
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MOT repair costs ideas
I am 4 an 1/4 years into what was originally a 5 year IVA with Payplan but got extended by a year in 2014 due to a variation agreement. so I'm now due to conclude in august 2017 its all gone well but now its nearing its end I'm considering my options as I have an equity release clause and really I just want the IVA…
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DRO End
Hi All, ive been in a DRO for the past year with the Moratorium end date being today. :beer: but i juat have a quick question. Checking the insolvency register my entry shows the status as: Currently Subject To Debt Relief Order : Moratorium Period ended on 27 October 2016 Im just a little confused as it says im still…
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DRO change postal address
Hi I'm new on here and just wondering if I can have any correspondence from OR sent to my friends address?my dro was granted last month and I don't want other members of my household seeing envelopes with 'insolvency service's.printed on front.thanks.
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IVA non-disclosure panic!
Hi All, I'm in my second year of an IVA and have just made a full and final offer to them to settle it however they have asked along with the offer letter to see three recent payslips and bank statements. The only problem with this is that I received a small commission payment from work in August (£500) which I had…
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DRO Questions
Hi my dad is looking to get a DRO and has a few questions He has some premium bonds for about £2000 will they know about them or is it best to cash them in and close the account. He's rents a TV and is not in debt with them all payments up to date was told by Payplan he can't get a DRO because of this is that true? Thank…
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Dro after failed iva?
Hi there, I'm in a huge amount of debt - approx £15,000 that is now a fair few years old. I was left with all the debt from a failed marriage. Had to stop working due to the additional needs of two of my children and lack of suitable childcare to be able to carry on working. I took out an iva but this failed after I…
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Savings whilst in IVA
Hi all, im currently 3 payments in on a 5year IVA. I must admit im finding it hard to get my head round it all but i know its the right thing to do. My monthly wage varies month by month due to commision. But when i have a better month am i allowed to save? Or do i need to tell the IVA people? Im worriedd that if i dont do…
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In PayPlan IVA, now getting DLA - what expense to include ?
Hi, Me & My wife are in IVA with payplan. Mine started Jan 14 & my wife's started in April 2012 and she has done her last I&E review in April this year ( If they do not ask for additional year ) . We have only 1 child and recently he has been diagnosed with Autism. We applied for DLA & given only care component. DLA also…
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In an IVA and require cheap car finance.
I have been in an IVA for 3 years now and my car which I use for work is off the road and beyond economical repair. I spoke with my IVA supervisor and they have said that I can obtain HP on a car as long as they ok the rate of interest before committing myself and it's affordable. They said that its essential that I get to…
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Frustrated with IVA Process
I have been on a joint DMP with stepchange but due to changes in circumstances I was advised to go for an IVA whilst my husband carries on with a DMP, he has a much lower debt total and would be quicker to pay off with DMP. I received the first proposal from Stepchange IVA and noticed an error so they had to reissue the…
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Job and DRO
My question is this I am quite a few months into my DRO. I really hate my job what will happen if I leave the job or lose it with no income coming in or find a similar level job? There are quite a few Christmas jobs out there coming up on a similar wage and I could probably jump ship but I don't want too much hassle as…
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IVA and overdrafts
Hi, I'm in the process of setting up an IVA but have a £500 overdraft on my bank account which can't be included. I was told I would need to pay this off first. Will it matter that my bank statement will show it was used in the last month?
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Letter templates links please
Hi, I have been trying to find some letter templates on the forums but can't seem to find them.. My DRO has been finished over a year now but on my recent credit report some of my ex creditors still have my balance as it was on my default, so any well worded template letters to ask them to amend this would be helpful, so…
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How to ensure I have every debt listed
When filling in my forms for an DRO how do I ensure I have ALL debts listed. Things got a bit out of control 10 years ago, then I had a DMP with Payplan, then I defaulted on that etc. Now i want to do a DRO and while I think I have everything listed, I want to make sure I have! Noddle lists quite a lot of debts, while…
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How long does it take to set up an IVA?
I am concerned that the IP I am using seems to be working too slowly. I was made bankrupt in September 2015 by First Credit Finance for an amount of approx. £6K. I had other debts which were added to the bankruptcy. My only asset is my property of which there is equity but I don't know how much. I had a meeting with the OR…
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After DRO credit report help
hi, I was informed to repost my thread here, so here is a quick summary.. my DRO ended in November 2015, so after a year I decided to apply for my statuary credit report from Experian.. My debts on there still show my default balance, with a code 8 by the payments part.. I thought the balance would now show zero or…
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default markers during dro
Hello everyone, after many years struggling I eventually obtained a dro earlier this year. It has been a breath of fresh air and is wonderful not to be worrying about who is knocking on the door, asking kids to make sure they don't leave windows open when going out and parking far away from the house. While i'm not proud…
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Cards for "bad credit risk" - what is the point?
Sorry in advance for this bit of a rant! I have just completed an IVA (cue huge sigh of relief) and am waiting for the completion paperwork. Recently I have had two separate "invitations" to apply for a credit card aimed at those like me with a bad credit history. As the IVA is done, I thought about applying for one. I…
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Need new car
Hi everyone. I'm new to this forum, but here goes. I have 6 months left on my IVA which is in year 6 now. I need a car which I have found and I can have the finance at an incredible 7.5%. I think the finance company have missed my IVA. If I don't tell my IVA company about it, will they find out? What they do if they did?…
