Thanks,

I think I'm going to wait to see if this means they will ask for all their money back immedietly as I cannot afford to pay that back which will put me in more trouble than I am in now!!

From 1 May 2007 this will read: 19.2 As long as we have sent you the correct notice as required under the Consumer Credit Act 1974, we can ask you to pay the full amount which you owe us under this Agreement if you: seriously or repeatedly fail to comply with your obligations under this Agreement; d...

Thanks Melanie, I owe no money to my employer, only hold a bank account with them that is properly managed, at the moment all my finances are managed and not in any arrears, this is going to change very soon though. I have read things about creditors changing their terms to include a no IVA clause i...

Thanks,

It does help to know things, at the moment having looked at my contract there is no information about IVA on there so I now have to make the hard choic of talking to my boss or not - really don't know what to do about that!

Thanks Melanie, I feel that i should repay the debt myself but am fast getting into a position that that is not possible - is an IVA in yur opinion the more sensible option? Will my bank accounts be frozen? and what happens if all my creditors to not agree? If I start the action soon how long does i...

I have approx 50k debt with 6 creditors, at present my debt repayment take up 66% of my salary with the other 33% going on rent. I have literally 2 months of credit available to me till I can now longer afford my travel to work. I am worried that approaching my boss to ask if an IVA will affect my p...

I am thinking about having to take an IVA however feel reponsible for the debt as I made it, is there an option where I could arrange a payment plan with my creditors? Has this happened to anyone in the past? I work in financial services (only recently) and don't want to endanger my career by my pas...