i am considering an iva, my husband and i own our own home and have approx 36000 debt. we have a car loan so would we be made to sell our car? also our fixed mortgage would come to an end next year would we still be able to shop around for a different mortgage? many thanks
An IVA may indeed be a possibility for you, but as every situation is different it is important that you know all the options that suit your particular set of circumstances. As such, you would be well advised to visit www.iva.com have a look round, read the reviews etc. Take time to speak to 2 or 3 providers and then make your own decision from there. A big well done though in taking that all important first step.
Regards.
Cert DR
23+ years in debt advice
I do not post for anyone other than myself
Hi Stacey1 welcome to the forum. as my fellow expert size 5 states have a look on iva.com pick a couple of IVA companies and have a chat to them. With regard to your car is it a loan or HP? If HP the payment can be built into the arrangement thus enabling you to keep the car, if a loan the loan balance is just included as an unsecured creditor. The actual value of the vehicle may be questioned, though within reason it would not be a problem to keep the car. Have a chat to someone giving them the whole picture of your situation and they can then outline all the options available to you and hopefully assist you in finding a solution. Well done for taking the first step, this is alwasy the hardest!
Melanie
