www.iva.co.uk

Hello

A friend of mine who is currently in an i.v.a told me to find out if it is an option for me.
i owe 18,000 pound on credit cards and all i seem to be doing is paying off the interest. i have tried getting a consolidation loan to lower the apr but the bank refuses as i have a default notice from 3 months ago and my credit is screwed now. i live with my parents and because of this have also read on the internet that bankruptcy is an option for me because i don't have any assets. please let me know what other information you need to advise me. thank you very much

Hi there. Bankruptcy might be the best option, but I suggest you pop over to www.iva.com and have a word with a couple of the firms represented there. The advice is free and without obligation. They will be able to explore your options and give you a better isea of the ways forward.

Hi Jamie - welcome to the forum,

It is best you have a chat with a couple of companies to get more specific advice to understand the implications of each solution, which cannot easily be covered via forum posts.

You may well have all options open to you so you will need to know how to make the best decision for you.

Foggy provides a good link for reviews of companies. Don't let anyone lead you down a particular path - you need to do what is right for you.

Regards,

hi tina

do you have a number i can call you on?

Hi and welcome - use www.iva.com to gain access to a vast amount of professionals who will be able to discuss your circumstances with you and give you options to consider - you may be in a position that bankruptcy is the right way to go, but equally if you have a level of income and expenditure that would allow you to pay back your creditors a % of their money over a five year period an IVA may be suitable - the pro's will be able to give you the real definitive answer for you ! Good luck and let us know

Jamie.il wrote:

hi tina

do you have a number i can call you on?

Jamie, you'll get contact details from the link in Tinas signature.

Hi Jamie - as Foggy says - follow the link below my signature and our details will come up. I look forward to your call.

Regards,

Jamie good luck and getting this advice could be one of the best things you've ever done, from personal experience and best wishes
Oscar

Do have look at IVA.com, maybe steer your way to the the general debt level that people go into with an IVA, just a pointer!

My thoughts and don't shoot me, maybe if you can approach the bank of mum and dad if at all possible, not matter how painfull that can be.

Whilst 18k is as any debt a mountain to climb if you're p**sing into the wind with it. But BR or IVA are both serious debt solutions with long term conditions, consequence and maybe career limiting, so be very sure before you commit. Good luck

good luck jamie !!!!!!!!!!1

Thank you Tina for your great advice.

Anytime - pleasure speaking to you. Good luck with your decision

Hope you manage to get sorted.

our first contact was with Tina,she's a star - very easy to talk too.

let us know how you get on

Good luck