www.iva.co.uk

Any suggestions on what to do next?

Basically I pay for my car insurance costs and maintenance etc in cash to my dad company that covers all my costs towards the car so I don’t have to pay anything out at all.

This comes to about £400 and because I can’t provide evidence that it’s paid as I’ve been paying it in a mixture of cash and doing extra work for him they are refusing to go forward.

I sent them a break down based on what I got told by my dad and they said the insurance costs are too high. Even though when I do a comparison to insure myself it comes out at £30 a month more.

Anyone any ideas on what to do next? My only option is to just keep paying it off. I’ve worked out that as it stands I’ll clear the debts in about 10-12 years.

Bankruptcy isn’t an option as I can’t loose my house.

At the end of the day StepChange needs to be certain, in their own minds, that the £400 is genuine, as they will need to certify to creditors that it is --- so they need to be sure. They are within their rights not to proceed if they are unhappy on this point.

You could see if another provider would be happy to proceed on that basis, but the whole car provision arrangement is, to say the least, unusual.

Or, you could ask them if they would run a Debt Management Plan (DMP) for you. As you say, it would take longer, but they may be able to get at least some of the creditors to freeze interest and charges and would also buy some time to rethink.