My IP told me the same . I am 2 years into my iva and I was able to refinance my 5k balloon payment , my ip gave me permission to , I did not tell the finance company I was in a iva , I selected I wanted to re finance for 2 years filled out the paper work , they did a credit check( I was panicking s...

I am currently awaiting a outcome for a change in circumstance review , i have asked my IP to lower my payments by 15%. I pay £249pm and if accepted will be £213pm My rent has increased £40 I’m paying a extra £30 national insurance per month , electricity direct debit has gone up £35 per month , cou...

Iv been holding on to the hope that once I reach month 30 of my iva I could hopefully get a sprout loan and end my iva early , I had my first annual review yesterday and when I asked my IP about sprout loans he told me that my creditors will probably not accept a f&f with sprout loans as it’s kind o...

Please let me know how you get on :) I’m renting at the moment but I would like to move next year as I’m not happy where I live , I have a family Member who would pay my deposit and be a Guarantor but I’m not sure if this would be enough for the letting agent / new landlord . So I would be intereste...

I never had home insurance before my iva , 1 year into my iva I realised I needed to get home insurance , when looking around most companies asked me if I was in a iva , the ones who would expect me where crazy expensive , I am now insured with “ home protect “ I declared I had a iva but i found the...

I’m with FFS and I’m just about to have my first review with them , so far they have sent me a online portal to put in a new expenditure and have only asked for three months pay slips and 3 months bank statements , it says that’s step one and that step two will go ahead in another months time so I’m...

<t>I have recently been taking care of a family’s friend relative as they are unwell , I did this free of charge and out of the goodness of my heart I never once asked for payment as I was doing it as a favour , now the person is better the family want to gift me £1000 cash to say thank you to me , ...

Hi Gavin , I have the same problem , I was told by my iva practitioner than I don’t need to worry it’s very simple to carry on paging the car finance once the balloon payment is due , I then found out that’s not the case , mine is due in October this year and I have contacted money barn who do usual...

The same thing happened to me last year , but because the refund was due to one of my cards that was a creditor I was told I could not keep the refund , so instead I just asked the travel agent for a voucher instead to book a new holiday in the future , which was a win win for me as I can’t afford t...

I was with diamond at the beginning of my iva and have just recently switched to 1st central and pay monthly I had no issues changing over but I think it depends on different insurance companies , Iv also just upgraded my phone with the same mobile provider and switched over to a different broadband...

I opened a basic account with nationwide whilst in a iva , the account is called “flex basic account “ it’s specifically for people with bad credit , bankruptcies etc , and I have also just opened a savings account with metro with no issues

I have a car on finance with Nissan , it states in my contract that I need to inform them if I enter an iva or bankruptcy , I never contacted them as I didn’t realise until 6 months into my iva and the lease is up in October this year , Nissan have tried to get me to finance another car but I failed...

I was in the same position as you , but my refund would of gone into the iva as it was paid on one of my credits cards so it depends how you paid , I decided to just move the holiday to next year most holiday firms are allowing this free of charge because of the pandemic ,realistically I can’t affor...

I have spoken to my ip about it , and they have said that I need to wait until my review in June where they will look into if I have over paid or not and will issue me a refund then , they didn’t say my information was incorrect . So I shall wait and see

<r>Car insurance renewal - for anyone worrying about renewing their car insurance if you pay it monthly , I am 7 months into my iva and was really worried I would not be able to go with another insurance provider due to credit checks , my current provider diamond who I have been with for 5 years inc...