My first post - Some advice please

[verybroke]

Hi all

This is my first post and am looking for a little help.

I have managed to get myself into debt for about 68k, this is due to training costs etc for a career change that I embarked upon and also my business suffering due to the soaring costs of fuel and lack of work !!

I have now finished my training for my new career and just secured myself a job, i have also got a call booked with CCCS to propose an IVA, as i think this is the only way that i can clear some of the debt. My question is how long does it normally take for an IVA to get approved (if they agree to it) also if they dont, what then happens?...apart from bankruptcy (which i wouldnt have thought is in the creditors best interests?)

Very grateful for any comments.

[tori]

hi there verybroke and welcome to the forum.just a few months ago i was on here looking for help and advice as how best to sort out my huge debt mountain ! everybody's circumstances are different but for me personally it has taken just over 2 months since making my first phonecall for my case to be put together and i will be finding out if my iva has been approved later on today.if however it is not approved then i will be looking into a debt management plan as i really do not want to go bankrupt.

[tori]

i am with melanie giles at the iva advice bureau who are highly recommended,and i can honestly say that the last 2 months have gone very quickly and run very smoothly.you will feel so much better when you have been given advice and had all your options explained to you.x [:)]

[MelanieGiles]

I normally work on the basis of four to six weeks from the date that we receive all documentation from our clients - but the CCCS may have a different timetable.

[aguise]

Hi there and welcome to the forum.
Mine took 7 weeks from phone call to approval, but some do take longer. All the best with finding the right solution, and keep posting to let us know how you are getting on.

Ang

[Lisa2009]

Welcome to the forum. I hope you find a sollution thats right for you.

[kallis3]

Welcome from me too. I hope you manage to get your finances sorted.

[Viki.W]

Hey verybroke, welcome to the forum. CCCS will discuss ALL your options with you. You might want to get a second opinion too so personally I'd recommend Melanie Giles who has answered in one of the posts above. Advice is free. Good luck, keep posting. X

[verybroke]

Hi all

Thanks for your help, very much appreciated.

[flow13]

We made our first call to DFD at beginning of novemeber and made our first payment in February. It was the best thing we ever did.