Posted: Wed Jul 04, 2007 8:20 pm
Hi, Great site!! I have £36.000 debt a house worth £140.000 and a £90.000 mortgage so I guessed I had £50.000 to play with. Not the case. I'll have a £4,000 redemption fee and where I have two CCJ's against me getting a worth while mortgage is limited to two lenders and they will lend 85% of the house value. I will only have £24.000 after all fees left to pay creditors. The IVA company I went to has drawn up a document for me to pay 76.24p in the pound with a £25,000 remortgage in 3 years time paying out £270 per month. Those payments which Ive stated to them are far too much and seeing how im remortgaging they will still get their money. Anyway thats another story. Does anybody think I would stand any chance of them accepting 65p in the pound with payment in full?[:)][:)]