It was mentioned that the Santander car loan was unsecured so it had to be added in but the way Santander vote is they reject iva proposals if they own 25% or more of the total debt, it was also mentioned that it was entirely my choice and that to iva i would be asked to voluntarely hand the car back.

Help !!!!! im trying to set up an iva but i have a car agreement with santander that i have been told by 2 companys now needs to be added in? My debts are £11k loan with natwest, £4500 with Mbna, £5500 RBS credit card and £8000 car loan with Santander. i have been told i have to add the car agre...