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Posted: Mon Sep 07, 2009 8:47 pm
by debs 2202
Hi,
I've just been told by the National Debtline that I'm not eligible for an IVA becasue I have variable rate mortgage. Is this coorect? I can't switch to a fixed rate as my paymnets will go up from £435 to over £1000. Is this correct?
Posted: Mon Sep 07, 2009 9:07 pm
by wickerwish
You could always try one or two companys on here and some of them are the best around.
Posted: Mon Sep 07, 2009 9:39 pm
by Julie
Hi Debs....I would take the other's advice and contact some IP's. I guess you were advised about the variable mortgage because the payments can vary, but I'm sure there's something that can be done. A lot of people who enter IVA's are on fixed starting out, but then the deal ends during an IVA and they cope, so there must be a way forward for you.
Do you have any idea what your disposable income is?
Posted: Mon Sep 07, 2009 10:43 pm
by Adam Davies
Hi
I can't see why having a variable rate mortgage will preclude you from an IVA. Take a second opinion
Regards
Posted: Mon Sep 07, 2009 11:58 pm
by MelanieGiles
I know we are speaking to yoiu about this off-line, but at the end of the day there are options to you which mean that an IVA could be very workable.
Posted: Tue Sep 08, 2009 8:43 am
by bergy
Hi there
I am on a variable rate and just got my IVA approved so would not have thought that it was a deciding issue. Try some of the IP's listed on here.
They are awsome!