It is unlikely that you do an IVA on that payment but you could consider a debt management plan.
Visit www.iva.com for a list of companies and reviews. Give one or two a ring for free and impartial advice as to all the options open to you.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
I already have a debt plan but another company want me to go with an iva with them but i currently pay £100 a month on my debt plan. I cant afford more.
Which company are you with? I know that some companies will take lower amounts for an IVA but not usually lower than £200.
What is your total unsecured debt?
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
I know Cleardebt do take lower payments but you need to speak to them and discuss your situation.
Bankruptcy is another option you could consider.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
I don't think that is feasible to be honest - do you have any assets which would be affected under bankruptcy proceedings if you were to also consider that as an option?
It does very much depend on circumstances to be fair, but I have to say that I am dealing with an awful lot of cases at the moment where contributions, at least to start with, are much lower than the norm, and £100 is not an uncommon figure. Whether this is due to the current economic climate is a moot point, but it would not surprise me.
If you wish to contact me off line so that I can have a look at your file personally then I will be happy to do so. My contact details are in the experts section.
Regards.
Cert DR
23+ years in debt advice
I do not post for anyone other than myself
Only you can make that decision I'm afraid, however, having trained Insolvency staff casting an eye over it for you cannot hurt. It may of course turn out that it cannot be done, or that you indeed decide to stay as you are, or even go BR.
As I said previously, if you want me to look at your case personally just drop me an e mail, if not then my best wishes will go to you whatever you decide to do for yourself.
Regards.
Cert DR
23+ years in debt advice
I do not post for anyone other than myself
If you are doing IVA cases for £100 per month, and assuming that you are using normal fee variables, what sort of debt level are you matching to such a low disposable income? You must be the only IPs in the country proposing IVAs at that level - and if this is right I will definately refer clients to you.
As I said before Mel, there are a lot of such cases at the moment and we try and take the view that potential clients should not be debarred access to an IVA if they want one, and subject to it being appropriate, solely on the grounds of a lower disposable income than someone else may have.
As for the other bits you have asked for, I will happily speak with you offline about this, or perhaps you may prefer to e mail David directly. I am sure we would be delighted to receive such referrals from you.
Regards.
Cert DR
23+ years in debt advice
I do not post for anyone other than myself
