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mitch2311
- Posts: 247
- Joined: Tue Jun 12, 2012 1:53 pm
- Location: United Kingdom
Just curious what peoples debts were when they entered into the IVA?
My wife and mine was £27,000
We hadnt missed one payment on loans,cards etc but each month was getting harder and harder, i ended up borrowing £700 from quick quid and thought enough is enough.
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Niobe
- Posts: 5169
- Joined: Tue Jul 03, 2012 9:56 am
- Location:
£83,000 between us both.
She was even withdrawing money on the credit card to pay back as the minimum payment per month - had to end sometime.
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mitch2311
- Posts: 247
- Joined: Tue Jun 12, 2012 1:53 pm
- Location: United Kingdom
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by Harpic
£83,000 between us both.
She was even withdrawing money on the credit card to pay back as the minimum payment per month - had to end sometime.
Jesus was that many cards? How many loans did you have?
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Niobe
- Posts: 5169
- Joined: Tue Jul 03, 2012 9:56 am
- Location:
We are by no means the highest debtors on here.
She had a few credit cards and store cards and we had three joint loans between us
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mitch2311
- Posts: 247
- Joined: Tue Jun 12, 2012 1:53 pm
- Location: United Kingdom
Its amazing isnt it how quick it all adds up
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kazzafunk
- Posts: 4749
- Joined: Sat Mar 19, 2011 6:47 pm
- Location: United Kingdom
£80,000 although when we started preparing it was somewhat less than that. Good old HSBC bumped it up!
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dawn20
- Posts: 129
- Joined: Sat Apr 28, 2012 12:21 pm
- Location: United Kingdom
yes agree with you regarding hsbc they did the same with me orignal loan withppi was around £15,000 but this jumped to the end figure at the en of my iva to£17,374 and before the iva started i had paid two years of that loan off strangely the ppi refund is £8,600 well ill let that speak for itself maybe if they had not been so greedy then i might not have needed the iva and cleared my debts with them
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olympic_torch
- Posts: 1307
- Joined: Mon Jan 08, 2007 12:59 am
- Location:
59k between us. one or 2 individual debts, but mostly joint.
Aucto Splendore Resurgo.
IVA accepted May 2007.
Extended by 12 months in lieu of equity March 2012.
F+F offer accepted May 2012.
C of C received August 2012.
IVA dropped off credit file 24th May 2013.
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terry d
- Posts: 382
- Joined: Sat Apr 28, 2012 4:42 pm
- Location: United Kingdom
£38,500 just me due to loans for a car as im a taxi driver,then loans to pay off credit cards etc,always robbing peter to pay paul but in the end i could see it was not working so going bankrupt very soon,in all my working life ive never been in this situation,5 years ago i was earning £60,000 a year,last year i earnt £30,000 a slow down hill trend on in coming cash,
never cment on me speling its rubbish and i didnt go to schola lot okk
made bankrupt 1st august 2012 at 10.00am
now disharged so bankrupt no more thank god im free of debt now
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luna
- Posts: 130
- Joined: Fri Apr 08, 2011 1:51 pm
- Location: United Kingdom
Hi,
180k between us !!
IVA completed with StepChange.
Last payment Sept 2016 CC Oct 2016
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Hyperdrive
- Posts: 766
- Joined: Sat May 07, 2011 1:43 pm
- Location: United Kingdom
£146k in a Partnership IVA
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Seventh
- Posts: 78
- Joined: Wed Apr 11, 2012 12:16 pm
- Location:
Seems my hubbys debt was minimal by these figures, his was about £22,000 I think
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Neil69
- Posts: 27
- Joined: Wed Jun 13, 2012 3:31 pm
- Location:
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Loads a Debt
- Posts: 125
- Joined: Wed Mar 21, 2012 12:38 pm
- Location: United Kingdom
18k unsecured in the IVA but that doesn't take into account bumping up my mortgage up by 30k and a 14k secured loan to consolidate and then the property crash meant I didn't have the equity to continue. Thank god in a way as I'd propably still be consolidating.
Daz
I can now do without.....
