give me a clue

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tramps

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Post by tramps » Thu Jan 17, 2008 12:02 pm
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we owe somewhere in the region of 63k, our monthly income is £3300, my outgoings without the (63k) is estimated at £2300 (mortgage sec/loan..bills..petrol..clothes kids dinner money, what do you think my iva payments would be.....
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pbeck

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Post by pbeck » Thu Jan 17, 2008 12:15 pm
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I assume you have debts between both of you ? If so, you would both be in IVAs, and the IVAs would take up substantially the whole of your residual earnings, so you're looking at paying the best part of £1,000 per month.

If you want to cut this down, make sure that you have ALL your expenditure listed on your budget. THe IP looking at your IVA will soon tell you if a particular item of expenditure will not be allowed in the budget.

Philip Beck - www.freeivaadvice.co.uk

Licensed Insolvency Practitioner and IVA specialist
Philip Beck - www.freeivaadvice.co.uk

Licensed Insolvency Practitioner and IVA specialist since 1996.
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Adam Davies

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Post by Adam Davies » Thu Jan 17, 2008 1:08 pm
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Hi
Also look into a debt management plan as you will be able to repay your debts in full,in just over five years,if you could get the interest frozen.
Regards

Andy Davie
IVA.co.uk Spokesperson and Website Manager

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp
Andam Davies
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