I have heard about something called IVA

[rainbowspace]

Hello, I watched a lady called Mellanie on her website. I am approx 50,000 in debt. My circs radically shifted about five years ago and I did with help of citizens advice, come to amicable agreed reduced payments on all my debts. I have been paying these agreed amounts regularly all this time, but now my creditors all seem to be contacting me with raised demands and I feel back to where I was five years ago. I dont know what to do - please help, I have heard about something called IVA which considering I am now just over 60 I might need to look into. I felt I had all the freak out behind me, but now it all feels horrid again and I feel apprehensive as to how to deal with stuff. one company has now stated that they are putting interest back on which means even though I am paying regularly the bill is actually going up!
I have done my best. but I cant afford the rising demands. If they just kept the agreements in place it would be okay, but now I am realising that this can go on for ever and that feels really challanging. any advice would be sincerely and gratefully appreciated. thankyou.
Sandy

[aguise]

Hi Rainbowspace and welcome, unfortunately this shows how a debt management plan can leave you getting nowhere. If you dont mind posting how many creditors you have and your disposable income( what is left after paying living expenses but not the debts)then I am sure you will get some good advice on the forum as to solutions for you. Melanie should be on at some point.

All the best
Ang

Please visit my blog at http://aguise.blogs.iva.co.uk/

[rainbowspace]

hello ang, thankyou for reply. I have 12 creditors and max £200 a month to pay creditors.thankyou so much.

[Maz]

Hi Rainbow

Welcome to the forum. You may be asked for IVA if you have any proprty and if there is sufficient equity with these. But before you take that route and contact any IVA comany wait for some advice from here first.

Maz

[aguise]

A couple of other things are do you own property, if so is there equity in it. I am like you just someone in debt and now in an iva. So it would be best to wait for more expert answers. It tends to be a bit quiet at this time so be patient and I am sure others will come along soon.

Ang

Please visit my blog at http://aguise.blogs.iva.co.uk/

[aguise]

Sorry Maz your post wasnt there when i started,

Ang

Please visit my blog at http://aguise.blogs.iva.co.uk/

[rainbowspace]

Maz, thankyou for response, I dont have property - no real assets. I didnt realise my mail was going into the forum!
now it has, maybe its a good thing, but is it poss to change username? thankyou so much, this feels like a sort of exposed place to be lol.x

[aguise]

If you are logged in click on your name and your profile will come up then click on profile and you should be able to change it from there. What you see on the screen here is all that others can see.

Ang

Please visit my blog at http://aguise.blogs.iva.co.uk/

[Maz]

Rainbow, you could try the PROFILE option at the top of the screen and I am sure it's there you can change the details.

Try and get some recommendations of IVA's here before you take the next step. There are so many companies out there some good some maybe not so good. But I'm sure Melanie will advise what steps to take next.

[Maz]

Aguise, you beat me there this time!

[rainbowspace]

Maz, thanks tried profile, I can change my password, but couldnt fine option to change user name.
Initially I thought I was just writing to Melanie. and it is from her I thought of seeking advice, as she seemed less challanging than a lot of the stuff on the web, which I felt was a bit dubious!
Thanks for your caring...

[rainbowspace]

Thanks Ang, will try that, your mail seemed to come in after Maz.

[aguise]

If you want to contact Melanie click on the experts on the left and you will be able to email her directly.
All the best to you

Ang

Please visit my blog at http://aguise.blogs.iva.co.uk/

[aguise]

Yes you will be able to get to contact her direct that way it takes you toi her website.

Ang

Please visit my blog at http://aguise.blogs.iva.co.uk/

[iva.com]

Hello Rainbowspace,

If you are looking for an IVA firm to represent you, you might find our site useful. We maintain a list of IVA firms and Insolvency Practitioners and publish client reviews of the services that they provide.

Good luck with finding a solution.

Kind regards,
Terry Balfour
IVA.com

IVA.com - The IVA Comparison Site
100s of reviews, All IPs and IVA firms rated.

Use our IVA firm comparison tool to find best IVA firm for you:
http://www.iva.com/iva_comparison_1.asp