My partner already had £19,300 debt prior to us meeting so I had nothing to do with that so am not liable.
If I was to enter a DMP would my credit file be affected then?
Thankyou for your responses, im sorry i am getting more and more confused.

Have you spoken to creditors re freezing the interest? We are in similar situation. Creditors are very reliant to freeze interest and even increase it if you are making smaller payments on a DMP! If the creditors froze the interest then they would get eveything they are owed back, so surely its in t...

Hi Michael, I spoke to them this morning and they stated that we would be refused the IVA because we would be proposing we have £645 disposable income and in theory we can pay our debt off in 3.5 years, However thats only if all interest is frozen and our mortgage doesnt go back up....which it will ...

So, what is the view on the proposal going ahead with the higher mortgage figure £982 rather than what it will be next month £623? The IVA company are aware and are happy to go ahead with the higher figure to get the IVA granted. I assume interest rates will soon go up so it will even itself out aga...

our DMP is with CCCS although the company we are using a different company for the IVA. They have said to keep the figures for the proposal at £982 rather than £623 which we will soon be paying on mortgage. We have been told we dont need to worry declaring the mortgage change as the rates will change

Many Thanks for responses. We would be more than happy to pay overpayments but without interest frozen we are not getting anywhere. Our main creditor is Northern Rock who have actually increased interest due to receiving smaller payments each month, so being in DMP we now owe more than we originally...

We are only going to have an extra £300 a month until the mortgage rates go up. As soon as the rates go up we will be in same situation.

The change in my mortgage is due to start next month. I have spoken to the company who are putting my proposal forward and they have stated that I should proceed with the higher mortgage figure even though it changes next month. I have been advised to save the difference incase in a years time when ...

Hello, My partner and I are just about to enter an IVA, we have our proposal ready to sign. We owe £26,500.00. Our monthly income is £2870.00 and our expenditure £2585.00. Our IVA payment on the prosal is £286 per month. Howver I have just realised that our mortgage is due to decrease to base rate +...