Hi We are in serious debt but can just afford our payments - however we have NOTHING left for food petrol and general living. We spoke to byrom and keely today and they were great but paying 78p a month to some of my creditors just seems pointless. Payplan has had good feedback - what do we do? How will a debtplan affect our mortgage renewal next year? HELP HELP HELP
Firstly, well done for realising that you can't cope with things as they are now.
I have never heard of Byrom and Keely and paying 78p does seem a bit silly - it would take forever on a debt management plan.
An IVA or DMP is based on your disposable income after your priority debts have been paid.
Visit www.iva.com for a list of companies and reviews. Give one or two a ring and you will receive free and impartial advice as to all the options open to you and the best way forward for your circumstances.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Oh and well done for making a good choice by asking a question on here,we are all in the same boat(except for a few of the professionals who post advice on here).
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
As suggested above, the best thing is to get some profesional advice.
I felt the same frantic feelings when I realised I could no longer carry on with the way things were going. I took recommendations off here and contacted Melanie Giles.
The right solution is an individual choice, but make sure you have all in the information before making a final decision. Whilst at first it seems complicated, some good advice will give you the pro's and con's of any solution.
Last edited by Adam16 on Fri Jun 12, 2009 10:11 pm, edited 1 time in total.
Hi
It may pay you to use a company such as the CCCs or Payplan as all of your payment will go to your creditors, I imagine that using a commercial company will use too much of your disposible income covering fees
Regards
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
I went with cleardebt for my IVA as I had a very low disposable income and other firms wanted at least £200 to even suggest an IVA for me. Cleardebt were briliant, worked really fast and got my IVA approved.
