Apparently not, hes lived there all his life according to my friend

Thanks andy, i will ring my friend and get more info

While your here andy, if i was to look into and IVA or somthing similar could that upset the apple cart so to speak with my currant DMP if an IP starts looking into my case and ringing my creditors ?

Regards

lol yes its all so confusing

Regards

oh! ok thanks very much but my friend lives in london and the person he knows lives next door hopefully thats not true.

regards

Hi all in an earlier post I said I was talking to a friend who said he knows someone who started a IVA or something similar that didn’t effect his mortgage, it is called a “Trust deed” does anybody have any info or can explain the difference from an IVA ?

Regards

Hi yes all the interest is frozen, my DMP is very good and the CCCS are very very good i just wonderd if an IVA would be better as the debt is cleared quicker.

Regards

ok thanks for all your help and advice, i guess i had better stay with my DMP as that doesn,t effect my equity. 9 years is a long time but a remorgage is not an option for me.

Thanks again and keep up the good work

I was talking to a friend of mine today and he said he knows someone at work that started an IVA or something like one that didnt effect any equity in property, has he got it wrong or is there somthing like this ?.

I did look into it before i Decided to start a DMP but that wouldnt be fare on my parents as they too would be paying on a higher monthly payment than the original morgage due to the house price increase.

hi Melanie, I think its worth around 90k and we have around 10k to left to pay, i have a third.

Hi again, No unfortunately I didn't know about IVA's until recently. I still owe £31000 on my DMP and I am currently paying £284 a month. Here's a list of my creditors as I am not sure if I would qualify for an IVA. Barclays Loan Barclays Visa Credit card Barclays MasterCard Credit card Lloyds TSB v...

Hi melanie, i have been on my DMP for 3 years now, when i started it i did'nt know and was'nt advided about iva's and now i think it maybe have been a better option for me. Yes it is entirely possible to move from a DMP to an IVA - the advantages for you being that interst is legally frozen and you ...

Hi can i have a IVA if i have a DMP already ?