I agree with what you say Melanie. Thanks kallis, I wouldn't want to bother Melanie's team just yet with such a low disposable income of £200 which she said isn't IVA viable. We find it tough paying £200 into a DMP so I'm sure we couldn't pay more at the moment which rules out an IVA as Melanie said...

I did not go bankrupt at the time as I knew that if I did my career would be over. I don't believe I would lose my job under bankruptcy but I expect my pay would be frozen for several years. I'm part professionally qualified and as a bankrupt would no longer be able to be part of the profession. I w...

Kallis, With interest rates at record lows, how can you be spending over 50% of your income on mortgage interest? How will you manage if interest rates go up as they must do some day ? Do you have a fixed rate for the entire term? Melanie, I heard creditors frowned upon housing costs greater than 40...

Most of my creditors sent through default notices as soon as the DMP started as the repayment level was less than 1% per month. So presumably they have registered defaults on my credit file too but I haven't checked. I've been paying DMP for a year now so am hoping the defaults can be removed after ...

Are you sure about this? Can't you get a notice of correction added, to record the existence of the DMP, as the document said, and then 6 years later get it removed to get your credit rating back to an unimpaired level ? or else what does it mean by : "The record should be removed six years from the...

Am I understanding this correctly, does the default and record of credit agreement get removed from the credit file even if an IVA has not been approved and/or a DMP is opted for instead (page 12 of Storm's linked document) : "24 Low repayment levels If the payment set out in the DMP is at a level t...