AVOID ALLIANCE AND LEICESTER!!!!! We used to be with Alliance and Leicester - they were the breaking point that made us go into our IVA - in a 6 month period we had over £3,500 worth of bank charges, due to them charging for every item and every single day that we were overdrawn - we begged them for...

Sorry just done a search and found some details (I mispelt it first so it didn't bring anything up). It says it is 8%. Don't want to sound thick, but why do you have to pay this - is it because the creditors have agreed to stop interest for the 5 yrs of the IVA so they want it back - so does it go t...

Can I ask what exactly statutory interest is, and do you pay it just if you pay the full amount off as a lump sum, or do you also pay it if you offered a full and final settlement? Do I also take it that you don't pay it if you continue with your monthly payments for the full 5 yrs?
Thanks

Thanks for your responses. Can I ask another question relating to this. In our IVA agreement there was no mention about equity release etc because we are not home owners. If we were to get a mortgage (with a deposit from a relative) could the creditors make the contract change so that you do have to...

Apart from speaking to Welshboy how can you find out about other 'sub prime lenders'? I would value welshboy's opinion when the time is right, it's just my partner and I were trying to do an internet search and it bought all the wrong things up! Also, if you are renting but the landlord hasn't incre...

Hi Trind

You say that there is little incentive to gain promotion in work at present - but infact if did get the promotion with more money then that would make you able to offer the full and final settlement sooner wouldn't it?