We are currently going through the iva process, just waiting for the proposal to be sent to us. My question is a creditor phoned me yesterday and asked for a token payment i.e £5, saying this would look better when it came to the creditors meeting that we are at least trying to make some sort of pay...

Over the last few months we have noticed that it is getting more difficult to meet all our monthly commitments, even though we have cut back. This month we have had to take some money from a credit card to cover bills but we are not yet in the situation that we are getting letters and calls from cre...