www.iva.co.uk

Until I decided to go for an IVA I had always managed to pay the minimum on my cards. Now statements are coming through without a payment the fees and rises in interest rates are truly shocking. Is it pure greed,kicking someone when they are down or do they want people drown in their debt quickly so so as to identify people in trouble early, IVA or bankrupt them and get the bad debt out of the system? If it is the latter then they only had to ask!

It is certainly suprising when you work out the cost of borrowings these days and see it in black and white.

Yeah its' certainly an eye opener. I didin't touch my credit cards for 3 months and had well over £1000 added on in interest and fees. Even my bank account had a couple of hundred pounds added on. It was £5 overlimit last time I used it and now sits at £192 overdrawn.

The cards are definitely the worst though. Hindsight is a wonderful thing.....

Moral is don't borrow unless you have the ability to re-pay within a reasonable time frame. Why not use a pre-paid debit card that only has minimum costs especially those with a bill payment feature.

deleted the link, no advertising allowed.

Well it is a recommendation and what is the difference in recommending an IP or Mortgage Broker?

You can't advertise your own services or products on here David.

Sorryyyyyyyyyyyyyyyy

x

[:X]