do you have to be a homeowner to do an IVA

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six_star

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Post by six_star » Sat Mar 08, 2008 8:31 am
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do or do you not have to be a homeowner to do an IVA, as i am not an homeowner but have more than £15,000 worth of debt but could be changing jobs in the next couple of months.
biggady biggady bong!!!
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Lisa2009

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Post by Lisa2009 » Sat Mar 08, 2008 8:41 am
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Quick answer.........No you dont have to be a homeowner.
http://mrsskint.blogs.iva.co.uk/ 'Our Story'


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pixie

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Post by pixie » Sat Mar 08, 2008 8:44 am
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Hi six star
welcome to the forum
You don't need to be an homeowner to enter an IVA. If you have 3 or more creditors and over £15k of debt then it is an option. Have a word with a few different companies and they will be able to advise if this or other solutions like debt management or BR are the right solution for you.
Pixie
'Welcome to where ever you are, this is your life you've made it this far, welcome, you've got to believe right here right now is exactly where you're meant to be'
IVA started may 07 ended dec 08
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Jinx

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Post by Jinx » Sat Mar 08, 2008 8:46 am
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I'm not a homeowner and my IVA is great! It also means you have no daft equity clauses in later stages. What you can afford is what you pay!

Mine is assess annually on my income and expenditure alone and so far payments have increased slightly each year but its still more comfortable than the debt I was in! 60 months later your debt free!
its a marathon not a sprint!

I'm out of my mind but please leave a message!
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six_star

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Post by six_star » Sat Mar 08, 2008 7:48 pm
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thanks ppl i do think for me this will be the best course of action as it will allow me to get on with my life n not worry bout geting hassled by my creditrs[:D]
biggady biggady bong!!!
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Soulgrowth

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Post by Soulgrowth » Sat Mar 08, 2008 9:01 pm
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Hi six star ... it will most certainly give you a fresh start and peace of mind [:)]

Keep posting and let us know how you get on ... we are all here to help each other.

Good luck

Debbie
Debbie
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