I have just spoken to someone about equity release, they said you dont pay any monthly fees like a loan. What you take out incures interest over the period of time untill death and then gets taken out of the estate.

It would not pay all our debt with £20000 but would clear a chunk.And make things easier.

Thanks,i have not decided yet. But i think if she agrees then maybe myself and my brother can have a bit of a better life now. With out going IVA routes.She owns her house and is worth around £190000,i would be looking at releasing around £40000 split two ways. Do you think this is bad of me.

Hi i have been talking to people over the last few days about IVAs.It might be the way forward for us not sure yet.I do have another option.But i do not no if i could go through with it.My mum owns her house and it would be left to myself and my brother,when she passes.(not nice).I have been looking...

HI yes spoke one company yesterday,he seemed a nice guy. He wants to send someone around tomorrow night to take away paperwork? Is this a normal thing.Which companies are best,Which ones seem to get used the most on here.

Thanks, i will do some phoning around in the morning.

Hi thanks for that.Ok so at the moment we pay creditors £1600 a month, our utility bills and mortgage £1500 a month. We earn £3900 a month leaving £853.38 a month shopping and petrol.So 100% would be from whats left now or add the creditors money onto that. confused.

Hi we are looking at doing an IVA, I really dont no what to expect from it? What if one of us lost our job whilst on the plan? We pay out a little under £1600 a month to creditors how much could we possibly be looking at paying if on an IVA.[:)]