When I originally looked into an IVA I was told there is too much equity in the house, I was unsure if an IVA would have an impact on my husbands business as he is a sole trader. I will contact a couple of the companies recommended on this forum even if it's not an option I might get a nights sleep!...

We thought the car was on HP contacted the firm and found out it was a personal loan, which is not secured on the car. Have spoken to the DM company who have now added this debt to our existing plan, still can't ever imagine seeing a light at the end of the tunnel

Hi again, its been a long time since I contacted the forum, to be honest we've bumbled along but things are heading steadily downhill and I don't know how much more I can take. We have £68,000 of debt which we are paying off via a debt management plan, we have 2 cars, mine is leased (I cover the the...

Hi Happy New Year, I have to say mine has started pretty badly.... managed to end up with the car in a ditch on new years day..it was hidden by a foot of snow! Hd to be pulled out by a tractor! My husband hasn't been able to work for a week (self employed driving instructor)due to the weather so we ...

Hi could I ask for someone to explain CREDIT RATINGS...how are they effected by DMP verses IVA's, what happens when you get a default against a late/missed payment. Before my DMP I had a few late payments but had never actually missed one and i have only received default letters whilst waiting for t...

I'm so glad I found this site, each time I think I've reached a dead end and can't see any way out someone is able to offer advice and add an extra slither to that light at the end of the tunnel.
I will try the original company 1st and then Duncton if needed
Thanks
Suzie

This is a very strange question but please bear with me... we have entered into a DMP and have a car on HP, we need to change it in the not too distant future as my hubby is a self employed driving instructor, no car=no income=more debt,we are aware that getting finance is virtually impossible now b...

A HUGE thankyou to all who have offered me advice at a time when I thought I was totally on my own and really did think that there was nowhere for me to go. I have contacted a couple of IP's and discussed my finances (well lack of!) truthfully for the first time and after taking the advice I am goin...

If we enter into a IVA what is taken into consideration as debt?
Obviously the credit cards and loans but we have a caravan on HP with 4 years left to pay, what happens to that?? sorry if it seems a daft question !!

I've just spent a couple of hours completing the IVA form on IVA.com and have been advised that the IVA had not been accepted and I need to talk to an IP...I am now really worried that I am running out of options,panic is setting in!!!!

Thank you all for the advice, I have started checking out a numer of companies, I now feel as if we have made a big mistake entering into a debt management plan and I have been ill advised on a number of things, I was told on a number of occassions that my husband would still be able to continue to ...

Hi Lesley, I dont know where to turn at the moment

I spoke to the debt management company today and they do conider IVA's. I am not familiar with IP's