Mon Mar 25, 2019 5:54 pmkallis3 wrote:

Good news!

Thank you x

Keep the lines of communication open -- as you might have gathered this will require work from you --- they are not too hot on it ! Don't look at the 5 years ahead, as time passes think of what you have achieved. If not dwelt upon 5 or 6 years do fly by ! Be open and honest --- work with the IP, no...

Hello- my IVA got accepted on Friday and feel a huge weight has been lifted.

I know it is going to be a tough 5-6 years but any tips/advice anyone has when in an IVA. Like money/spending/ limitations I may face and do's and dont's etc

Thank you all in advance

X

kallis3 wrote:

Fingers crossed from me as well.

Thank you

Thank you so much again fingers crossed x

Hello- I have contacted an IVA company and have gone over income/outgoings etc and looking to pay over a third of the total debt over the 5 years with hopefully the outcome of another 12 monthly payments at the end of it so slightly more overall. Is this going to be enough and how much is normally p...

Thank you Foggy

Foggy wrote:

Billy12 wrote:

Hello,

Please keep me posted how you get on. I to am thinking about an IVA and currently looking for the right company.

What does the 27p to the pound mean?? Thanks for your help

It means that for each pound the creditor is owed they will get back 27pence, Billy.

Hello,

Please keep me posted how you get on. I to am thinking about an IVA and currently looking for the right company.

What does the 27p to the pound mean?? Thanks for your help

We were given option of secured loan or remortgage....only had remortgage in our T&C’s so didnt actually have to do the loan. For our own reasons we took that option. Its not much different to a remortgage (although in your terms it technically is so not obliged if terms only state remortgage!!!!) ...

Thank you- I hope I didn't cause offence I have just read a few horror stories where people have been forced to take out a secured loan for 15 years + to pay off the rest of their debt- this to me sounds awful and I suppose it depends on how much debt you are in in the 1st place if a secured loan fe...

Thank you everyone for your responses.

I dont mean to be thick but what do you mean take out a secured loan? Isnt the purpose to be debt free and not get back in to debt?

Thanks again for your help

Hello- I am seriously considering an IVA but I am worried about the remortgaging part near the end- surely it wont be possible to remortgage after being on an IVA? Also if I have to try and remortgage with my own company surely that would go against me if they see I have been on an IVA? Or would the...