As far as I am aware, none of it has gone to my creditors yet. When I asked about it before (id only made a few payments then) they said that it would just sit on my account and that once everything was agreed at the creditors meeting they would make my first payment. I really am wondering if I shou...

Hi, I never said my disposable income is only slightly higher than £50, a Dro is just something someone mentioned here...I have paid them £140 a month since August and my creditors meeting hasnt even been set up yet, this is due to my documents apparently not being received and then me taking a whil...

Thank you for everyones replies.

Would it be unwise of my to try and take on my debts myself? Should I go with the IVA? I don't really know what to do. I don't think a DRO would work for me as I have slightly more than £50 a month left after everything is paid.

Wow, that sounds mega scary too! How does a DRO work with paying back my creditors?

What is a DRO?

I was in a dmp before but my companies were still charging interest and I thought maybe an IVA might be better. No assetts and about 13K in debt

Oh and I am with GIVA (gopher money)

I haven't actually phoned them and asked yet, wanted to get a bit of advice first.... The whole idea of an IVA and being in it for 5 years scares me...I'm not sure whether it is better to stay in it or to try and contact my creditors and see if I can arrange to pay them back myself?? The fact that I...

Hi, thanks for your reply. The 700 has just been monthly installments that should/would be going to my creditors once everything is sorted. This has been ongoing since Aug 2013 partly my fault partly the IVA company I picked. They told me that my money was just sat waiting to be distributed once all...

I am in the process of setting up an IVA but have changed my mind. Due to documents not being received and then me unfortunately taking a while to resend, I have paid £700 to my IVA company and nothing has yet been agreed by creditors. Am I free to cancel and get my money back? I really don't want ...