IVA support and discussion thread

sourcrates

Pistol_Pete_81 wrote: »

If people respond and let me know this thread is still active then I will ask my question.

Basically, I ended an IVA in July 2015 after paying it off early after my joint in the IVA wife passed away.

Have waited till the 6th year has passed from the beginning of the IVA, but yet still, it shows on my credit check, how can I get it removed??

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Hi,

It should fall off your file on the 6th anniversary of the IVA start date.

How far over that line are you now ?

You can ring the insolvency service and see if they can help you, do you still show on the insolvency register ?

Can still take up to 3 months to be removed from credit files.

Pistol_Pete_81

Am 7 months past the 6 year drop off point, have rung the insolvency agency and they say Iit has been removed.
Have checked Exerpian and it is still showing as active, AND defaulted.

I do have the signed proof of it ending.

Should I send it to Experian?? Is what I'm thinking. 😳

sourcrates

Pistol_Pete_81 wrote: »

Am 7 months past the 6 year drop off point, have rung the insolvency agency and they say Iit has been removed.
Have checked Exerpian and it is still showing as active, AND defaulted.

I do have the signed proof of it ending.

Should I send it to Experian?? Is what I'm thinking. ��

Yes that's your next step, if information is inaccurate or out of date, then a complaint should be sent to them.

You can dispute entries from the website as well.

If that fails, which it shouldn't, the ICO would be your final port of call to get it removed.

Robbie_D

Hi, I am deeply worried as last year I was pursued by a company called Maple Leaf who promised me they could recover PPI that had related to an IVA i was in from 2007-2012 even though I had to previously sign a form waiving away any rights before DFD would release my completion certificate.

Maple Leaf successfully recovered a 5k refund from a Bank of which I retained £3.2k and they kept £1.8k for admin charges. I was told at that time to "enjoy my win". When I queried with them if DFD could chase me in the future they advised "doubtful" because the "Green v Wright" case had changed the landscape into how PPI was being viewed.

However since the "Green v Wright" had a successful appeal early this year Maple Leaf contacted me explaining that I might need to take legal advice on where i now stand and that they cannot comment on any individual cases........!

Huge worry because this £3.2k has now been spent and I am worried sick that DFD will now chase me for the money which I cannot afford to pay back! Maple Leaf were keen to help me last year but it is like they have pulled the ladder up and are now saying "you're on your own now" even though they pursued me and persuaded me to go with them in the first place - how can this be fair???

I suspect that there will be thousands of people in this scenario who have received PPI refunds relating to an IVA and are now wondering whether their IP's will start chasing them?? Legally I have been advised they can!

Help me please - its keeping me awake at night with worry. I wish Maple Leaf had not have texted me in the first place.

Robbie B

Samielou92

Hi can anyone on this thread give me some advice on setting up an IVA.

Circumstances-
I am 24 year old, with a daughter and live in a rented property.
I currently have around 23k worth of debt (credit card x2, personal loan, purchase from bensons for beds, and a cataloge, overdrafts x 2)
I am paying around £500 a month out on debt i have never missed a payment yet however i have been off work sick on reduced pay and have maxed everything out.
I am not struggling to find the money and having to borrow off family to make payments. Increasing my debt for when i return to work to about 25k.

I am looking into setting up an IVA plan to help reduce my debt. I dont want to go BC and like the idea it only affects credit for 6 years.

I was wondering can i still have a bank account. And will i be able to keep my car ( i am still paying for this through a loan someone got on my behalf) and would i still be able to apply for car insurance.

My annual salary is £21909 however i work regular bank taking me to around £33000 a year be4 tax n ni. I want to include my bank into my actual wage as i know they wil if i dont declare at begning only let me keep 10% of my over time however this is regular so would this be possible to include it as my annual income.

Any help and support is welcome.

I am going out of my mind.

Thankyou

sourcrates

Samielou92 wrote: »

Hi can anyone on this thread give me some advice on setting up an IVA.

Circumstances-
I am 24 year old, with a daughter and live in a rented property.
I currently have around 23k worth of debt (credit card x2, personal loan, purchase from bensons for beds, and a cataloge, overdrafts x 2)
I am paying around £500 a month out on debt i have never missed a payment yet however i have been off work sick on reduced pay and have maxed everything out.
I am not struggling to find the money and having to borrow off family to make payments. Increasing my debt for when i return to work to about 25k.

I am looking into setting up an IVA plan to help reduce my debt. I dont want to go BC and like the idea it only affects credit for 6 years.

I was wondering can i still have a bank account. And will i be able to keep my car ( i am still paying for this through a loan someone got on my behalf) and would i still be able to apply for car insurance.

My annual salary is £21909 however i work regular bank taking me to around £33000 a year be4 tax n ni. I want to include my bank into my actual wage as i know they wil if i dont declare at begning only let me keep 10% of my over time however this is regular so would this be possible to include it as my annual income.

Any help and support is welcome.

I am going out of my mind.

Thankyou

Hi,

Yes you can have a bank account, yes you can keep your car, yes you will be able to get car insurance.

Before you decide to go for an IVA, please get some professional advice from one of the companies listed in my signiture.

Samielou92

Thankyou. I have been contacted by someone called richmond oaks group. But i have just submitted a form to step change.

I just hope i can get this sorted.

Thankyou

sourcrates

Samielou92 wrote: »

Thankyou. I have been contacted by someone called richmond oaks group. But i have just submitted a form to step change.

I just hope i can get this sorted.

Thankyou

If your going to get an IVA go with a company that are on National Debtlines approved list, look on there website for more details, don't go with the 1st company you see, do your research, as there are numerous cowboys out there.

Samielou92

Hi i am trying to do the research its all abit mind boggling.

This is reply i have had from richmond oaks but it doesnt seem correct

Hi

We are an advisory service so we do not take any fees or charges from you, whatever you pay each month goes directly to your creditors. We simply get a fee from your creditors for helping you with your debts. The way the creditors look at it is you could easily go down the bankruptcy route tomorrow and they would not receive a penny but by going through a plan with ourselves and your creditors getting a return they pay us a fee for helping you.

I hope this makes sense.

As i have read they charge about 4000 for an IP person or something is this correct.

Sorry for all the questions

Happy_Kitties

Have been reading this thread with interest and just wanted to say about my experiences on my IVA. I originally was on a DMP with PayPlan and a IVA was mentioned as the DMP would have taken an eternity to pay off.
Originally I was reluctant as I had a friend's marriage breakdown with the stress of living on a IVA.
However after alot of thought and research I went for it. I had to do 6 years because of personal reasons.
At one point payments were reduced because of health problems and I also had to take a payment break at one point.
It ended in Feb this year, the extra payments I am making know are from taking the payment break so I will be officially finished in 4 weeks.
It turned out to be the best thing I did, Payplan were helpful when I did have some serious health problems crop up and it has also changed the way I think and budget my money.i also had some money back from them with a successful PPI claim
I know it isn't for everyone, from my own personal experience I would say never go with anyone that charges a fee, get as much information as you can and think carefully if this is really want you want, but get as much advice as you can, never be afraid to ask questions, even along the way.
There's good and bad with all of them, but from my experience it has been good