Hi, thanks again for the info, it sounds like i would be better off paying my creditors off with the £30000 and renting for a couple of years.

Hi, When you say use the equity to fund an IVA would we have to pay £20000 off the debt then start IVA or do we keep the £20000 to pay for the IVA, sorry if this is a silly question!!

Thankyou for your advice, if i was to sell up and pay the creditors off now, would i be best going through payplan or should i send them all a letter myself and should i mention that i am selling my house to pay them off. Obviously paying them off will mean that we will be going into rented accomoda...

My husband and I have £50000 debt and currently have a debt management with payplan, we are currently looking at moving and dont know which way to turn at the moment, if we move then rent we may have £30000 to pay off the debt, payplan say that the creditors would probably settle for 70% to settle n...