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Debt Relief Orders (DRO) - Information & help thread
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
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Individual Voluntary Arrangement (IVA) & Debt Relief Order (DRO) Info, advice and help thread.
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…
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IVA & DRO Board Sticky
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
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DRO credit file clean up after discharge.
Hello, My DRO ended in July and all my creditors have marked my credit file as settled and the balance is showing as zero apart from one. PayPal credit are refusing to mark the file as settled and change the balance to zero. They’re reporting the balance each month to my credit files. PayPal was included in my DRO but it’s…
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Couple of DRO Clarifications Please
I have been trawling through the DRO posts trying to find a definitive answer to a couple of questions regarding starting one. But unfortunately, I have surrendered and decided to post the questions myself, apologies if I have missed it somewhere 1. I have a number of overdrafts which I have not serviced for at least six…
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Naively have landed myself in a pickle in relation to my IVA
13 months ago I was struggling to maintain payments whilst in a DMP and like many others was led into an IVA which in hindsight seems like a misjudgment. It was sold to me as if it was the cure to all my problems but of course things are never that simple. I moved back home in May due to declining mental health and have…
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Current Iva payment problems due to change of circumstances
Hi I currently have an Iva, I’m two and a half years in. Six months ago my personal circumstances changed from married to separated. I am now living in a rented flat. I work 32 hours a week and am 60 years old. I carried on paying the same payment to my Iva after my separation and when I emailed to tell them of my…
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Credit Report post IVA
Hi Everyone, I completed my IVA at the start of the year and have been trying to clean up my credit file. I’ve hit a wall with Creation Finance/LaSer (Currys). They’re refusing to mark my account as defaulted at the start of the IVA. Instead, they’ve been reporting missed payments ever since I entered the arrangement. My…
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Removing defaults added once IVA was completed
I completed an IVA in September via full and final settlement and in the same month the credit accounts have all been updated with defaults on the same month! so this will damage my score even more now, is this normal? I can imagine that once an IVA is completed the credit reference agencies need time to adjust everything…
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Completion certificate timescale
Good morning, I made my full and final IVA payment back in early July, and I’m still waiting for my completion certificate to come through. I have contacted my IVA company, Creditfix, several times to chase it up and been told that they are still waiting for creditors to make their claim and final reports still have to be…
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Newbie here I’ve
I have an Iva and just started my last year(ends September 26) I have recently had a letter from HMRC saying I have a refund for Tax Credits from 2016/2017,it will be paid to me in the next 20 days. My Iva started in 2021( I’m with Payplan). Do I have to give it to them,it’s around £3000.i phoned them but they don’t know…
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Failing IVA - process/approach
Hi there, My IVA is going to fail, as I am not going to make further payments towards it. I have post-IVA debt and bankruptcy is going to happen sooner or later, probably sooner. Anyway - my main point - my IVA company gave me a 6-month payment break to try and solve the post-IVA debt issues (HMRC...) and this hasn't…
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Dro 6 yrs UP. Credit file 5-10 on credit club what is it like to go upto
Hi please help. My dro is finally off my credit file on 31/10/2025. I have a credit card and car on finance that I have no missed payments on in the past 4 years. On my mse credir score it says 530 but affordability is 90. % Any ideas what it will go to once this is off thanks in advance
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Help advice sought
Hello. Im new to this so please bear with me if this is the wrong place to post this. I am currently talking to Step Change and completed their online form to enter a DMP (debt management plan). They came back with a monthly figure I need to pay. Due to a change in circumstances. I asked if this could be reviewed. The…
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DRO now or later?
Hi everyone I’m in £43000 debt and gone through the process with step change who have recommended a token payment plan and a DRO. I think the reason they have suggest the token payment plan is because I told them I am expecting my income to change - next month I am starting a new job and getting a £6000 pay rise. I receive…
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DRO salary sacrifice
Hi, I’ve just come for some advice as my DRO was declined on Friday as I have a salary sacrifice car and the payment was too high- it is £579 to the lease company but that’s £400 from my take home pay which includes the insurance, road tax, maintenance etc. at the time of buying I couldn’t get finance and needed a car for…
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IVA advice
I had a failed business and thanks to personal guarantees I now have nearly 800k of debt. Obviously bankruptcy sounds like the answer but I have 2 other limited companies that are doing ok and I don't want to give up being a director of these businesses. I also have a mortgaged property (Tennant in common) with my partner.…
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Building credit after completed IVA
I completed my IVA last October and have recieved my certificate of completion now. Sometime in the future I would like to buy a house and get a mortgage. How can I build my credit rating back up so that I can get a mortgage in the future?
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How's your experience been with a DRO?
Hi everyone, I'm in the process of considering a DRO but not 100% sure yet. It's more that I'm scared, feeling of guilt and stuff. For people who have been on a DRO or any type of similar system, how's it been? How was life at the start with all this worrying, how's life now after the six years with the fresh start? Any…
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TSB refusing to change default date - Scottish Trust Deed
Hi there, I have been in a protected Trust Deed since January 2023 and TSB are refusing to change the default date of my Credit Card to be aligned to the PTD. I have raised a complaint with them that they have not upheld and the FOS won't help either as they are saying the issue is over 6 months ago so won't help. I was…
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DRO
Good morning everyone, I'm new to this Forum but just wondered if anyone could help me by answering my question. My DRO ended on 7th August. I would like to take £4100 out of my pension to pay back my sister who lent me money whilst on the DRO is it ok to do this so soon after my DRO has ended ? Also how do I go about…
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Trust Deed was transferred to another Trustee
Hello! So in 2023 I finally broke down and realised how much debt I had, and I entered into a Trust Deed with Interpath Advisory/Cleanslate as I think it’s called now. After a year we revised my payments as my wages had increased. In March of this year (2025) I received an email from Carrington Dean that my Trust Deed had…
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Final and full IVA
Hey everyone, I am hoping you would be able to help me please. I got 11k in debt however my loan of £8500 has now got a default since early July ( made last payment in June,). I was trying to get my debt sorted and reached out to Money Wellness Group, which I found out about as PayPal sent me an email on how to manage…
