This would depend on what is detailled in your original proposal. Best advice would be to discuss with your IP. A typical example of this would be that a proposal would have stated that if the equity can not be released that the term of the IVA be extended for a further 12 months. As i say though it...

ah the stereotypes!

As Michael says your repayments should be something that you can actually afford as once you start the IVA you are agreeing to a payment that you have accepted as reasonable and to help you in your state of financial hardship rather than keep on struggling.

Lee

From my own experience I would say that they can not force a pay cut, however what happened to me was the company initially proposed a % pay cut as a measure to prevent any further job losses. However if this had not been agreed then the next step would have to be to look at restructuring (job losse...

The fact that you are not a home owner will have no bearing on if you qualify for an IVA. If you speak to 2-3 companies and have any questions after here is the place to get an answer!

Lee

Great news!

the wonders of mailshot marketing! I know some debt management companies offer pre paid bank cards but never heard of them offering a credit card!

An IVA is an option that is perfect for certain circumstances in the same as a secured loan would help a person in a particular situation. As mentioned it’s always best to speak to at least two companies, they should in theory tell you the same thing so all you would be left to do is decide who you ...

Secured loan repayment is included in your expenditure, Any amount agreed to pay into an IVA or debt management plan should be at an amount affordable after paying all secured finance and other priorities such as council tax,tv licence etc.

Lee

As Lesley mentioned why not look at changing to a different debt management company, A DMP is an informal arrangement that you can end at any time simply by stopping paying the provider. If you do this and do not have a new company in place then expect to receive calls and letters that your current ...

Hi Steve, Without more information i couldn`t really say what might be the best option for you. As Busby mentioned if you have had a missed payment this may impact your chances of a re-mortgage at this present time. If you have missed these payments because you have been out of work but are going ba...

The link from Lisa is as good a place to start as any. As Lesley mentioned also, Do speak to at least two companys as they should both provide the same information as there are no "cheap rates" and/or "exclusive offers" then make the decison to use who you choose!

Lee

Speak to your IP about applying for a variation order. If you are receiving more income you would be expected to pay more and if you take a drop in income this can be accommodated.

Lee

A friend of mine visited a hypnotist at a cost of £110. She recouped the money within the 1st month of not smoking so I have been telling every smoker to visit this hypnotist.
3 months later the friend is smoking 20 a day and the hypnotist has a lovely new car....

If you do approach any mortgage broker please be wary of any up front fees, A trend that seems to have occurred since the "Credit Crunch"

Paying a fee will in no way improve your chances of obtaining a re-mortgage.

Lee