www.iva.co.uk

I live in a 2 bedroom house and have 1 20 month old daughter. I would like to have 1 more child within the next 5 years. How would this affect my IVA? as I would obviously like to move to a 3 bed house so the children had separate rooms especially if I had a boy next.

Would the allowances go up to accomodate another child? If I move would any extra equity (if there was any) have to go to the IVA? Am I even allowed to move house?

I know I have some big life changes to make with regard to money and stopping spending it, but does every aspect of my life stop for the next 5 yrs?

Hi,

You can have more kids in an IVA, it is just intended to pay off your debts and help you live to a budget without credit. If you have more kids, then you may have to ask for a variation to help you with costs.

Are you in your own house or rented accommodation? If it is your own house, then you may find it hard to get a mortgage whilst in an IVA, or if you are in rented accommodation, you would be able to try and rent a larger house.

I had wondered this, as we are thinking about trying for a baby. xx

IVA's arent meant to mean that your life goes on hold,its far too short a time that we have on this place to delay in having kids etc.

Exactly PD!

We have a lot of posters who have kids whilst in an IVA - you may have to take a payment break, but if you want kids - you go for it!

Ah thats good to hear! Thanks guys

My grandad once told me that if you wait till you can afford to have children you will never have any. It does cost money to raise a family but dont let previous debts stop you.

I was told something like that. There is never a right or wrong time to have children!

Too true! I had a baby when a teenager, and my last one in my 40's! 21 years between eldest and youngest.

Both ages had their good and bad points. [:D][:(]

Go for it.

Sharon x

My Mum had me in 1962 and my sister in 1980

One was more than enough for me! I've got two stepchildren as well (both adult) and after the daughters 21st descended into mayhem on Sunday night (due to stepdaughter getting very drunk!) I know why I never had any more!

Its funny coz I'm one of 7 children and I know what we were all like when we got together, hence the reason 2 will be enough for me.

hhmmm just have to convince the other half he wants to go through all those sleepless nights again!! Although at least they won't be sleepless because of debt!!!

We were lucky that our daughter slept through the night from 11 weeks old - the only times we had problems were when she was ill!

Still wouldn't want any more!

You were very lucky there Jan. I was getting kicked in the back in the early hours of this morning and the little one will be 3 in October.

Nooooo! Couldn't be doing with that now!