Flowerpot, well that was what we were thinking. It seems it may not repair our credit for quite a long time still but at least we will feel like we are working towards something! Best of luck! plasticdaft, Through inability to manage money through some difficult situations would be the honest answer...

Thanks again for the answers! I guess the advantage to us then would be that I would feel happier giving money every month to family rather than our IP? I may not have grasped all the info they sent correctly but I feel that any attempt we make to improve our financial situation and dig our family o...

Hi, thanks for your replies. Its actually my husbands IVA and he has only been in it for a matter of months, maybe 2 or 3. The offer of help from family is fantastic but just a little too late! So, just to be sure I understand, if the sum his creditors would have got through the IVA is 12400 and we ...

Hi there, was just wondering about repaying an iva? Our total debt going into the iva was £25k and our monthly repayment is £208 so a total of £12480 to be paid by the end of the iva. We have been offered £12k by a family member trying to help us out so my question is this: Would the £12k be ta...