Hello Everyone,
After a long while of putting things off I finally took some steps to improve our situation and just over a month ago I contacted CCCS and tried to arrange an IVA thinking this might be the best solution... however stupidly I purchased a vehicle to replace an older one last September on HP via Black Horse, I stopped paying this in May... when discussing the options with CCCS they said Black Horse would not accept the IVA unless we have made 12 months worth of payments... so we are currently in a DMP we have just made the first payment...
My problem is I feel to repay the missed and required 4 payments or so it could take a year or so if not more in the DMP to get the Black Horse account to 12 months - I just wondered was this information correct? And if so if I were to pay extra to Black Horse outside of the DMP (no sure how but perhaps loan from family) would this be acceptable?
My wife and I have about 310 per month to pay creditors, and debts totalling around 49k.
Thanks in advance,
Dan