Debby, My wife and I have just opened a Nationwide Flex Account. We had no problems at all.The online application is very straight forward and you get to know immediately what the answer is without feeling 2nd class if you know what I mean.I am a grown man who has cried an awful lot before deciding ...

Thank you - everyone.

Sorry - didn't know you had already provided this information. The problem you have is that you have more equity in the property than you owe to creditors. An IVA is therefore unlikely to work. I suggest that you look at an equity release now and try and offer a full and final reduced settlement to...

Hi again Your disposable income is really too low to fund an IVA based upon contributions alone - I calculate £195 per month. What is the position regarding your property? How much is it worth and what equity do you have now? Regards, Melanie Giles, Insolvency Practitioner for over 20 years. For fu...

I am sorry for "publicly feeling sorry for myself. I am sure there are others worse off. Apologies.

Hi db and welcome to the forum. I would be wary if I were you, and I would speak to a couple of the companies who post on this forum as they will be able to give you advice free of charge. £63 per month sounds very low for an IVA, and to be honest a lot of the companies who advertise on TV are IVA ...

Hi db and welcome to the forum Which company did you contact, as it is ridiculous to propose an IVA based upon payments of £63 per month with a final year equity release. Is £63 a typing error? How much do you currently owe to your creditors? And how much do you feel you could afford to repay each ...

I have spoken to a tv/internet advertised company who specialise in IVA's. I went through the questions checklist. Later in the conversation I was told that I would expect to pay back £63 monthly then in the 4th year I would probably asked to free up equity in my home. They could not tell me how mu...

I have spoken to a tv/internet advertised company who specialise in IVA's. I went through the questions checklist. Later in the conversation I was told that I would expect to pay back £63 monthly then in the 4th year I would probably asked to free up equity in my home. They could not tell me how muc...