www.iva.co.uk

hi, i have 9 creditors and owe about £6000 ,i earn £1000 per month my outgoings are approx £750 per month . would i get a IVA

You might, but it would not necessarily be the correct solution. At £250 a month it would take around 2 years to pay off that debt in a DMP, assuming interest was frozen and you were with a no fee provider like StepChange. In an IVA, allowing for fees, it would take around twice that. Depending on the accuracy of your figures, you might even be looking at a DRO, which would be a year with no payments required from you.

I don't think you would with those figures. The larger IVA firms wouldn't do it because they know creditors wouldn't accept it because, as Foggy has said, you don't need one.