Hi Snowbunny
Yes, the board is for giving people support but not to the extent of lying to them.
There's nothing wrong with being optimistic but you need to be realistic as well.
Both Bankruptcy and an IVA are formal insolvency procedures. In bankruptcy you may not even be allowed to take on a mortgage at all and even if you were there's unlikely to be a lender who would go near it. In an IVA it is certainly possible, but they like to see you settled into the agreement and have proven ability to manage the repayments, which is likely to be about the same time as you would have put bankruptcy behind you if you had gone down that route (ie around 2 years).
If you are determined to buy a house you would probably be far better off not getting involved with either of the above and, as others have suggested, simply paying off the debt in the normal way or at the best rate you can afford using a non-insolvency based method.
The CCCS response doesn't sound that helpful I admit, but their view will be to get you to make sure your priority debts, ie those thing you need to live on, are up to date, your credit debt will be regarded as less important. You might try National Debtline instead for a 2nd Opinion.
-Best
Please view my blog at
www.go4broke.blogs.iva.co.uk
'6 years sticking my head into the Lion's mouth of debt !'
