Thanks all, so far.
Stell,did they tell you why they turned you down and did you ask them yourselves or through a DMP company.

How do I find out if creditors would accept Full+Final settlement on their outstanding ammounts without giving the impression that I AM in a position to do so. There is a possibility that a relative MAY be able to help but they would want to know what sort of ammount I was looking for and even then ...

thanks Paul, but are they free or will they charge me?

how do you go about getting a FREE written house valuation or do you have to pay if you require it in writing.

Hi Ian, Thanks for great advice again, really appreciated. Originally stated DMP at 230 but could increase to 300-350 also secured loan is at same interest rate as mortgage(lifetime tracker)base rate currently at 6.1%. Also was thinking if debt was split between us both then my debt = 35k partners 1...

Hi All,
Re Ian and IVA-- could get away with paying contributions that I can currently afford but if interest rates rise albeit not by much would have impact on ability to pay IVA. Appreciate everything said but surely that same criteria applies to everyone on an IVA how do they manage?

Thanks

Thanks Mel will contact Paul asap, also how do you go about getting a FREE written house valuation or do you have to pay if you require it in writing.
Many Thanks to you and everyone who has taken the time to reply and give me great advice.
Keep up the good work.

Hi All,
Re posts--- Early payment & redemption charges including std discharge fee = 1250.
re equity if it was the higher figure 17k why do you feel that I would lose the house - mort in joint names.
Also Mel do you deal with BR?
Thanks

Hi All,
Re all of above,what if I agreed to increase payments by say 30pmth annually.
If on iva =22500 at 5 yar point
If stayed on DMP = 46980 9 years providing they freeze interest and would be willing to wait that long.

Hi All, Will have to check re Moorcroft but original debt was with Lombard. Also I can see that any interest rise would increase mort payment and affect iva but so surely would any increase in utilities, council tax, petrol etc, do they take these things into account also when they rise. If so then ...

Thanks again, Believe that Moorcroft have biggest percentage say of the creditors but don't know if they take the 40% line. If they did and it left the property unscathed what "difficulties" do you envisage? Also could you explain IVA being vulnerable to interest rises as I thought that the figure a...

Black Horse---10.4k
Amex---1.1k

Thanks for the reply,
Creditors are
Moorcroft Recovery
Abbey
Halifax
Black Horse
Capital 1
Amex
Creation
CL Finance
Thanks

Thanks for replying. Neg equity in house val 120/130k ltv = not enough. 920 pmth = debt free @ 53 mths dependant on creditors freezing interest (what are the chances of that???) Also the increase in mort payments at that point would be too much.Any ideas how much it would be with just 5yrs and5 mths...

Spoken to 2 IP's at initial stages of poss IVA. Debt 49k DMP --230pmth (cancelled this month on advice of IP) Mort+secured loan 113k @1290pmth, which is more than 40% of joint income 2945 BR not an option Retire in 10 years IP at this initial enquiry stage advised interest only mort/secd loan paymen...