Aaaaaaaaaaaaaagh. sorry just had to let that out. I had some time alone today so used this to ring the first two IVA companies on my list which I had compiled over a week ago, (and before I began using this forum). I also rang a no fee company. I wish I had now used this time to contact Melanie direct. The issue of the equity in my house is a real problem - and one I am getting so much conflicting advice about that it is making me feel even more stressed than before. One company again told me I have too much equity and that an IVA would not be applicable or accepted by the creditors, the other company told me that this was nonsense and you could still apply for an IVA if you have equity in your home which could cover the debt total, (if not more equity). Do they go on the for sale price, or the actual selling price? I have not had my house valued for many years and at present it is difficult to do that unless my mum goes out for the day. This is driving me crazy and making me lose the will to live. I felt so much better at the beginning of the week after reading your posts and blogs, deciding that I had to confront my problems and deal with them, and then deciding that an IVA was my preferred option, to secure my home, only to then receive all this conflicting advice, I feel like I am back to square one, with even more uncertainty now. I appreciate that every case is individual, but, surely there is a hard and fast rule regarding applying for an IVA, that if you currently have equity in your home which is level with or more than the total debt owed, you cannot apply for an IVA? I cannot get a remortgage due to my credit rating and am probably seen as high risk by most lenders despite the fact I have never defaulted on my mortgage or credit payments, and have no CCJ's so far. I feel as if I am trapped - too much debt, too much potential equity. BR is just not an option-I cannot lose my home, not for me as such, but for me mum. She has worked hard all her life for this home, to lose it would kill her. Please help
