www.iva.co.uk

Posted: **Sun Nov 22, 2009 8:30 pm**

Im 85,000 in debt will a IVA work for me.

I lost my job was out of work for nearly a year. I do have a full time job now (strated 3 weeks ago) but its paying me 50% of what i got before

I have cancelled all credit/loan payments have lots of mortgage arrears but am in touch with consumer credit counselling services.

I couldnt pay much for a IVA and maintain my house (joint owned)

Posted: **Sun Nov 22, 2009 8:33 pm**

Hi,

An IVA is all about affordability and works on your disposable income after your priority bills have been paid.

I would also see advice from other companies as well as CCCS.

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: **Sun Nov 22, 2009 8:34 pm**

Hi Stewart and welcome to the forum.

There are various solutions that could fit your needs. Take a look at www.iva.com where you will find a list of IVA providers and reviews on each. Give 2 or 3 a call for some free advice on what best suits your situation.
If you have any more questions, please don't hesitate to ask. Thats what we are here for.
Good luck.

Posted: **Sun Nov 22, 2009 8:38 pm**

welcome to the forum stewart
take the pros advice above and keep posting
everyone here is lovely and very caring and you will get lots of help and support from all of us x

Posted: **Sun Nov 22, 2009 8:41 pm**

we have found an IVA has been brilliant for us, given us life again... We spoke to a few but opted for Melanie.. there is alot to take advice from.. good luck x

Posted: **Sun Nov 22, 2009 8:51 pm**

Hi
If the CCCs suggest a DMP rather than an IVA then take a second or third opinion from other companies/experts
Regards

Posted: **Sun Nov 22, 2009 9:03 pm**

Hi Stewart,

That's about 10k less than we started at, and the IVA option is certainly working for us if that helps at all. As above, seek a range of advice direct from IP's and assess the best options for your circumstances.

Best of luck, and let us know how you get on.

Martin

45 down, 15 to go!!!

Posted: **Sun Nov 22, 2009 9:09 pm**

You may find that a 3 week old new job a stumbling block, but if it is guaranteed and permanent then that in itself shouldn't be a massive problem.

Seek advice from a professional as soon as you can.

Regards.

Posted: **Sun Nov 22, 2009 9:20 pm**

If the job is a secure one, and you have a short probabtion period, there is no harm in looking into an IVA to see whether it could work for you. First steps will be to look at your income and work out what you need to retain for your usual household and general expenditure. If there is a surplus, before taking account of your current monthly repayments to creditors, then you may find that there are several debt solutions for you to consider - which an insolvency practitioner will be able to discuss with you in great detail.