As Foggy says.

They are relying on our consent rather than the IP being able to push this based on their legal powers.

It is likely that all of the lump sum will be payable into the IVA. They will then work out what remains owing.

It used to be that Payplan took whole of household income to determine what needs to be paid.

As you are trying to distance from your other half's debts, be really careful on this.

As Foggy says you need the approval of the IP but https://www.moneybarn.com/how-it-works/ ... cess/ivas/.

The credit union will vote against it - at the end of the day the money they lent was taken from other savers.

You will need to be careful around how the impact of their voting could be.

Something I found from 7 years ago online suggests try these https://www.coversure.co.uk/.

A full and final is generally based on your monthly payment x the number of months left e.g. £100 x 36 =£3600.

Was it your creditors that rejected your first offer or the IP/member of staff you are dealing with as this does not seem quite right?

It is possible but the general advice in the past is have a formal tenant agreement between the 2 of you.

An IVA will impact on your ability to rent a house.

Level of debt, what your ex will do are all factors about whether you should take out an IVA.

Technically a credit card balance can be seen as a breach of T&C's but would not reduce an agreed monthly payment in this scenario.

You would be better off spending the money on something else.

For me, I just saw the article as useful because it at least gave a different perspective and was not pushing IVA's as the be all and end all.

In this case, the longer the memory the better and a fresh of breath air is not always the right way forward.

Hi - only raised it as it makes it look like the site has been hacked.

Hi

There is a big banner on your homepage saying this site is for sale - you may want to look at this.