www.iva.co.uk

should i go down the iva route or not i have a natwest bank loan over 7 years with 6 and half years left i have provident and greenwoods which will be paid off in a year if i manage to struggle payin em i have 2 credit cards 250 and 750 owin on em so should i or shouldnt i commit to a iva over 5 years and the stigma that goes with one or try and struggle on

That decision is best taken in direct consultation with professional experts who will take time with you to explore all options and to allow you to make a reasoned choice as to the way forward.

As a rule of thumb - if you feel that you could work hard to pay your debts off in say 7 years, a DMP might be a better option, and certainly your creditors would get paid in full, but they would have to co-operated with you you and agree not to take legal action against you if you could not afford to make the full extent of contractual repayments.