www.iva.co.uk

Posted: **Fri Jun 12, 2009 9:59 pm**

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

Posted: **Fri Jun 12, 2009 10:01 pm**

Hi,

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.

Posted: **Fri Jun 12, 2009 10:06 pm**

How much equity do you have in your property?

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).

Posted: **Fri Jun 12, 2009 10:10 pm**

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.

Posted: **Fri Jun 12, 2009 11:06 pm**

Byrom & Keeley are the DMP arm of Accuma - the company who have just sold their entire IVA portfolio to Grant Thornton.

How much disposable income did they calculate that you hava available to offer to creditors on a monthly basis?

Posted: **Sat Jun 13, 2009 8:33 am**

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

Posted: **Sat Jun 13, 2009 5:08 pm**

I'm with Payplan and they have been great thus far.

Posted: **Sat Jun 13, 2009 6:04 pm**

I've not had a problem yet with Payplan.

Posted: **Sat Jun 13, 2009 10:03 pm**

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.