i would like to know if an iva would be the best possible solution to my debt problem. here are the details:
2 creditors - bank/credit cards
total monthly debt repayments - £520
total monthly bills - £720
total monthly wage (net) - £1150
profit/loss - - £90 per month
so as you can see i'm in the red each month and digging myself deeper through credit cards. i have never had a problem paying paying these debts before but recently my circumstances have changed and i'm really struggling.
We will always be nice on here and welcome new posters!
Firstly, how much is your total debt and do you have more than three lines of credit with your creditors?
I would speak with a professional - visit www.iva.com for a list of companies and reviews and give one or two a ring. The advice is free and impartial and will help you sort out the best solution.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Hi Bez and welcome! An iva may be one solution but to weigh up all your options you would need to speak to a professional - they are very friendly!! There is a list of recommended firms at www.iva.com and all come with customer recommendations. Good luck and let us know how you get on xx
You may be ok for an IVA then - the professionals who post on here come recommended. It is hard to pick up the phone but will be worth it in the end.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Welcome! Don't fret about ring one or two of the companies in the links given above. They aren't there to judge, but to help you find a way back to financial normality and they will help you to get things settled in your mind before deciding what to do. Best of luck and make that call (you know it makes sense).
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
