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IVA - not written off enough ?
Since March 2007, I have been in an IVA. I have debts of just over £20000. I went to a company called ACCUMA who are based in Manchester and set one up for me. I am paying £264 per month which is £15840 including Supervisor and Nomination fees. I am paying 86.4% of my AGREED BALANCE which is £18314.95. 22% Written off. I…
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IVA in Scotland?
We currently have a DMP, but one of our creditors refuses to stop the interest so our monthly balance is going up instead of down! Is an IVA an option? We own our own home and are anxious to keep a hold of it!
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Advice, considering IVA
Just been through the CCCS site and the reccomendation is an IVA, the thing that worries me is when they value the house. I have little to no equity at present, I assume I will have after the 5 years, but I don't have family or friends that would have the capacity to borrow me a large(ish) sum of money, don't want to sell…
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IVA successful for business but due to downturn in economy secured loans a problem???
Hi, I have a Leasehold newsagent shop business and have secured debt on shop lease. Also had lot of personal and business unsecured creditors. Iva has been approved since feb10 and paying instalment for iva. But due to down turn in economy my shop sales are declining badly, Its getting tough to pay £800 towards sercured…
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IVA and equity release
I'm aged 62 in the fourth year of my IVA arrangement. My supervisor has just written to me to send her two re-mortgage quotes together with my mortgage redemption statement to enable her calculate how much to be paid to end the IVA in year four. The arrangement states that 100% of the equity after the re-mortgage will go…
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Iva help pls!!!
Hi All, I need to get some advice pls... I got married 3 weeks ago, and my husband has an IVA. As wedding gifts, we received lots of cheques payable to mr & mrs. As we do not have a joint acc, neither of our banks will cash them! If we open a joing Savings account, will it financially link us? I have really good credit and…
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Letter in post this morning
Hi, I'm new and currently very stressed!! I hope you wonderful people maybe able to offer some advice. In December 2009 my husband and I entered into an IVA. All was fine until I had this letter today. It is from a company in S!!!!horpe asking me to call them as they had "important information" for us. I googled the name…
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How exactly to start a Debt Relief Order started with CCCS??
Hi how exactly do I get the DRO from CCCS?? As i just did the debt-remedy online, and then did the 'Live-Chat' with an adviser, but all he did was look at my income vs outgoings and debt from my debt remedy, tell me that i wouldn't be able to offer any repayment for the debts as i have less income than i do expenditure...…
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How exactly to start a Debt Relief Order started with CCCS??
Hi how exactly do I get the DRO from CCCS?? As i just did the debt-remedy online, and then did the 'Live-Chat' with an adviser, but all he did was look at my income vs outgoings and debt from my debt remedy, tell me that i wouldn't be able to offer any repayment for the debts as i have less income than i do expenditure...…
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How exactly to start a Ddebt Relief Order with CCCS?? And what info i need to hand??
Hi im going to start a Debt Relief Order through CCCs to write off just over £9,000 spread between 4 credit/debit cards, and £280 on a Brtish gas electricty account. *Ive already sent letters to Hlaifax asking for a total breakdown of exactly how much every debt on each account is, and what debt collection agency is…
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Credit clean up problem (ICO)
Some background, I had some troubles in the past so entered an IVA to help myself. Later I was able to end this early and so completed it successfully. Last year was the 6 years post IVA so the time when my credit reference should be clear so I can start again, or so I thought… I checked my credit reference through…
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IVA - start process now or wait
Evening Folks, I'm currently doing a self administered DMP, paying £176 per month on debts circa £56k. My other half returns to work in July, so I've been thinking about how to move things forward - staying on a DMP will leave me in debt for what feels like an eternity. I like the idea of an IVA and have looked into them a…
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IVA decision but what to do first?
Hi I have been avidly reading this site and am feeling much calmer now as a result - thanks to you all :) However I am just not sure what to do first in order to make things run as smoothly as possible. My husband and I both have debts (although his are my fault) and will both be filing for an IVA. Currently we have a…
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D M P Help
Hi everyone It's dawned on my wife and I that we can no longer bury our heads in the sand. We're constantly treading water every month and its getting increasingly harder month on month. My job entails me working away from home a lot leaving my wife to juggle a 1 year old a part time job and the finances every month and…
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help thinking of an iva?!
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Credit Rating
Hi, my experian accounts all show "satisfactory", what does this mean in credit terms?
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Advice Please
Afternoon all, i am currently at the the cusp of year 4/5 and facing redundancy (not definate but work in construction and the warning have just been announced). Parents have very kindly offered to make a final payment to close the iva early to try an relieve some pressure, usual parent loan type arrangement (interest free…
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Vol repossession
I wonder can anyone advise me is it ok to sign voluntary repossession form from bank when entering into an iva?
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Help please.
Hi, I have been reading over some of the forums and everyone seems to know so much about this process, so thought I would write about my situation and see if anyone can offer any kind of advice because I am clueless. I met my EX boyfriend when I was 17 and we got a joint morgage when I was 19 and he was 24. At the time, he…
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IVA and joint Credit
Evening all, Just had my IVA approved..yay!! We all know its not ideal but it has sorted me out so that I can live again. I used Freeman Jones who made the whole thing hassle free from start to finish and did not mind my many many questions. I have questions though which I was wondering if anyone could shed a light on for…