I think your point, although noted, is irrelavent, i would have generateted extra interest, but i could have paid my way for a further 18 months.
Then i could have looked at alternative debt solutions.

MelanieGiles wrote:

Not if you also had disposable income available.

Indeed could i have offered £21000 as full and final settlement? My wife and i divorced in january 2007, We parted and i was given a £35000 settlement as part of the divorce. I had personnal unsecure loans/credit card debts amounting to £60,000. I approached a debt management company for advice, my ...

although I would have incurred additional interest charges, i would have still been in a solvent position until my money ran out,would i have been any less better off, ? I beleive i should have left my debts until that was a real worry? My wife and i divorced in january 2007, We parted and i was giv...

By the way i do not have any assets, i live in private rented accomodation. many thanks

My wife and i divorced in january 2007, We parted and i was given a £35000 settlement as part of the divorce. I had personnal unsecure loans/credit card debts amounting to £60,000. I approached a debt management company for advice, my frame of mind at the time was not good ie depression. the company...

I entered into an iva last july 2007, my wife and i divorced i had debts which were 60000 pounds. i had some savings, my only asset, of 21000 pounds. i live in rented accomadation. i pay into my iva at 354 pounds per month i have been told that i should never have entered into an iva until my assets...