IVA & DRO

A question about : Iva vs br on benefits

Hi advice please, we are in receipt of benefits and iva has been suggested to us, which we felt was a good idea. however we are worried. the other option is BR which is more worrying for us but on reading on here we may not be liable to pay back anything if we are on benefits, our concerns.

IVA
currently on benefits but in 2 years want to go to uni so benefits will change to student loans not sure how this will change our income.

BR
we took credit out with false information, implications of this

A question about : Partner refused JSA, I'm in an IVA

Hi all,

I'm in an IVA, will be for the next 4 years. All of my money is accounted for, yet because my partner hasn't paid enough NI contributions over the past two years she's been turned down for JSA.

I earn above the threshold for my partner to be accepted on income based JSA, but i have no spare money for her to live on as all spare cash is taken into the IVA.

How on earth do we live? Is there anything that can be done here?

A question about : Post IVA Credit File

Good Morning

I entered in to my IVA in December 2009 and was able to offer a F&F on this in Feb 2013 so this should be cleared from my credit file in December this year. When I received my completion certificate I got copies of my credit file and many of the details/dates were wrong... I spent a few weeks/months contacting the various companies and now it looks pretty clear with all of my previous accounts (now closed) showing a default date in December 2009.

A question about : DLA carerers allowence and IVA

Hi

We are 3 years into a 6yr IVA (they added an extra year as our payments went down)

our son has just been awarded DLA and i have been awarded carers allowence i have informed IVA people and now have to wait to do a phone interview with them next week. I am worried that they will take all of 'his' money and we wont be able to afford the things the consultant suguested.

How much can they take of this son gets 76. p/week and ca is 61.35 a week.

A question about : DRO and bonus at work

Hello.
I am thinking of applying for a DRO once I get my amended tax credit award.
My boss has said we will get a bonus dependant on sales at work, twice a year but I won't know what it is until about 2 weeks before we get it. How does this affect the DRO, do they check your income after the 12 months is up?
thanks in advance

Best answers:

A question about : IVA

Hi

I have received the paperwork for my annual review.

Looking at my income and expenditure the only thing that has really changed is our mortgage payments. I now pay about Ј70 less towards the mortgage due to our 5 year fixed rate mortgage deal finishing and now being on the banks standard variable rate. I am concerned that my monthly payments to my IVA will increase because of this even though I feel even worse off each month. I really can't afford to pay any more each month.

A question about : Post DRO

Hi All!

Thanks to my DRO, i'm not debt free! My DRO was granted 30 July 2012. I have since cleaned up my files, and all debts are showing as settled, with the correct default dates showing on Noddle. (thanks to the templates on here)

Now, obviously I'd like to build up my credit again! I have a mobile phone contract (never changed throughout my DRO as it is cheap) so that's one green mark I guess! No overdraft and current account all ok.

A question about : single dro finished but joint debt

Hi,basically looking for advice.
had a dro that finished about a year ago yey!.
however there was one joint loan on it but dro was only in my name.
husbands been getting letters stating an amount owed for the loan for 18 months now.only twice and they don't ask for money they just say here's what's owed and your in default.
should this be paid or is this normal after a dro?
he checked credit file and just shows as late but nothing else.
were a bit confused.any advice would be great.thanks.