www.iva.co.uk

My debts gave made me depressed, I am robbing Peter to pay Paul, is iva a route I should take?

Hi Paul. It is certainly a route worth considering, but might not be the best one according to your particular circumstances.

I would suggest that you have a free chat with a couple firms -- either pop over to www.iva.com for a list, or have a look around the forum where you will find several IP's who post regularly to help.

I was just doing that, It then got to the stage I couldn't do it. I was living beyond my income and my ex wife was not willing to get a better job even though she was more qualified than me. An IVA is just not for Xmas it's for 5 years and long ones. However I am debt free and a hell of a lot better off. Way up your options and if you are in rented accommodation and have lots of debt then an IVA maybe the best way forward. This is the place to ask those questions. My advice shop around for an IVA some don't say what it says on the tin.

hi paul

im now post IVA ( yippee ) but would agree with everything Foggy & Markiboy have said.

i was robbing mastercard to pay visa , robbing visa to pay MBNA etc etc , so know exactly where you are now.

good luck , but dont delay as this will see you stress more, than actually taking the plunge

Borrowing new money to repay old debts is a sure sign that finances may be a little out of control, and unfortunately by this stage the debts have the tendency to increase rather than reduce. Have a chat with an insolvency practitioner, who is able to help you to fully appraise your financial situation, assess your monthly budget, and made suggestions of options which are likely to be appropriate for you.