Hello all, I have a quesiton about a one off settlement amount. I have a large property debt to a private investor. He is about to repossess the properties and once sold will have an unsecured debt outstanding of about £150k. I also have credit card debts etc of about £50k. If I agree with him a o...

Melanie, I suppose I am trying to find the best way round my problem. My fiance has a fair bit of money and I don't want that to be affected and I will be selling all my properties so the debt is what will be left over. I will try and clear as many of the debts as possible with any cash left over bu...

As many have, I went there but I cant see how to get the details without effectively submitting a full application. Is there a way around this?

Alan, No, the mortgage the fiance and I have is with Abbey. I am considering taking my name off the mortgage and effectively renting from her. Not sure how legit this is though. I am confident I can get through until the investment properties are sold and that will take out all secured debts.(leavin...

Melanie, would you be able to suggest any with the experience you speak of as I think my circumstances may be helped considering the properties etc that I have.

Alan, Thanks for your reply. Would you suggest that I can speak to yourself or perhpas Melanie who does quite a lot on the site. All my mortgages are through Northern Rock but I have quite a few lenders on the unsecured credit side of things. I don't really have an income but I can pay for the minim...

Melanie, Thanks for your prompt reply. After searching through the forum it seems that the best I can hope for through an IVA is to reduce my payments by about half with some form of agreement. Is my searching for my debts to be written off not an option, perhaps through something else. I think I am...

Sorry, One extra bit that I didn't add is that at the moment my credit rating is very good. I don't miss payments or anything...yet. Perhaps that may help me a bit.

Hi there, I am at the start of looking at options to my situation. I will try to explain in brief numbers and hopefully someone can offer some advice. I am a property investor and have 5 properties with about 30K equity if I sold them all(which will take about 6 months I suppose). From these I have ...