IVA & DRO

Updated 21/05/2023 DRO (Debt relief Order). There is info on the net and in the link provided below, but these are the main practical features - (1) Total debt must be no more than 30k (2) Must not be a homeowner (not even with neg equity) (3) Asset limit is now £2000 as well as a vehicle valued at up to £2000. (4) Monthly…

Hi folks :) This is the new IVA & DRO Board Sticky where links to all current important threads will be kept. Links: Debt Relief Orders (DRO) - Information & help thread IMPORTANT READ FIRST - Where to seek IMPARTIAL FREE advice DRO s and benefit overpayments IMPORTANT - Beware of advice via PM

Info from Government website : https://www.gov.uk/government/publications/getting-a-debt-relief-order/getting-a-debt-relief-order National Debtline: https://www.nationaldebtline.org/EW/factsheets/Pages/37%20EW%20Debt%20relief%20orders%20%28DROs%29/Default.aspx

Hi everyone, need some advice please. I am looking to get a DRO but we have a car on PCP hire in my name. My partner actually pays for the car and the monthly payments are made from her separate bank account but obviously the finance is in my name. Can you advise how this would be affected with a DRO as I am clueless with…

hi!please could someone explain how DLA and the carer/disabled child element of universal credit work when applying for a dro? I understand they are off set? But do I have to incorporate the expenses into my soa? Also, I have a salary sacrifice car but this is needed for my job (community nurse), and also taking my son…

I had a DRO approved in September 2025 and I’ve been checking my credit file since then. Most of my creditors recorded 1 or 2 months missed payments and then put the accounts into default. But with Nationwide and Virgin they reported missed payments each month. I contacted them both to register complaints. Virgin then sold…

I’ve had an IVA with Ebene Gate, the last payment of just over £89 per month was in February after 4 years. A couple of weeks ago I was emailed them saying I had to try to remortgage our property to pay off the debt. Is this right? They sent me copies of the agreement but quite frankly it’s all gobbledygook to me but when…

Hi all, Just wanted to know if anyone is in an active IVA and trading prop firm on the side for extra income. Do we need to let our IP know that we want to start trading prop firms? Thanks

Hi, I would welcome any advise. We are year 3 of IVA post COVID, and our son ideally would like to go to UNI. Obviously our disposable income is limited and we are controlled by IVA, so I have come to the conclusion UNI is not an option for my son. We can’t get credit and even though he works and is doing a gap year he…

Hi All, Will keep this short, I've been in an IVA for 2 years now (3rd year will commence next month after annual review). So far, so good. IVA was right due to exceedingly high debts and needing to keep my home but I have a couple of questions; I understand that I can only remortgage with the current lender, how long do I…

Hi all Really need some advice. Due to a significant change in financial circumstances for my husband we have found ourselves in a position of needing to seek help for debt. As with anyone going through this it has been really stressful but we have spoken with stepchange and given the option of a shared Debt Management…

Just looking for some advice really if anyone has been in the same situation. My DRO drops off my credit file on 28/7/26. I am looking at getting a mortgage will Main Street lenders consider me after this date? Or can anyone recommend any high street banks/building societies that will?

hi, I’m due my last annual review for my IVA this month. I have 2 children on my own my youngest 2 is severely disabled and in the last year I have moved to a more suitable property for him, which also costs more and the bills cost more as the property is bigger. due to this it has meant that money has been tighter since…

hi everyone, I am pretty desperate for help and not sure what to do! I have around £40k worth of debt and just about covering everything every month! I have spoken to pay plan and cccs and one has suggested an Iva and the other a dmp (which will last 17 years!!) the thought of either of these frightens the life out of me…

Hello everyone, I had a DRO in 2020 and the 6 years is up on the 10th June , Looking forward to that milestone ! I have been very religious in checking my Experian file and have really got my finances in order and saved a considerable amount. I have an ISA now and various savings accounts giving me interest every year.…

Hello After posting my SOA I procrastinated and delayed and took out 2 more low amount 0% cards in February, delaying the inevitable and continuing my ineffective way of dealing with my debt by robbing Peter to pay Paul. However end of April there is no money left to pay anyone, I didn't have the £463 needed for 6 minimum…

Hi all, as the title suggests. They have been at least 4 times despite proof of said debt being in an active IVA and today they left this. Surely they can't do that? [Image removed by Forum Team]

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Hi all, as the title suggests I’m about to start year 3 just waiting for my EOY review! I’m not sure really what to put …… but I feel overwhelmed and like I’m drowning! Don’t get me wrong I haven’t missed any payments etc but I’m constantly living in a state of anxiety. I feel like I was ushered into this “scheme” when at…

hello, I’ve recently been accepted for a DRO but I’m not sure whether there’s a problem with the creditors list. One of them I put the collection agency and not the creditor and the other changed to a collection agency just before the application was accepted, that balance is also higher than the actual balance as the…

Hello, I am in my final year of my IVA can anyone tell me what to expect with my final review? Is it exactly the same as the annual review months bank statements, 12 months payslips and P60 or do they ask for more evidence?

Hi there, I recently received confirmation of my DRO. It was very stressful, but now I have a moratorium period ahead of me. I have two questions in this regard. As every year, my salary will increase in April, by around £1,500. After deductions, this translates into an additional £70-£80 per month. I am already receiving…

Hello, I am trying to buy myself out of my trust deed 18 months early as I have been left some money. I can cover the total cost, which is the full amount owed to my creditors plus interest, and the total fee's owed to the trustee. However, my trustee is also asking for 20% of that total on top as they say they are…