All, I was last on here sometime ago enquiring about what potentially I could do in order to pay of my debt. I had been on a DMP for 2 years and my largest creditors (47% of debt) refused to accept the lower repayment I had been offering. The good news is that I have signed my IVA proposal and my cr...

Hello I have an update on my situation here. My IVA proposal will include a remortgage in 4th year so that it will boost the offer to 49p in the pound. One good thing also is my debt stands at 63,800 now instead of 64,200 a small decrease but every little helps. just waiting for date on creditors me...

yes the property is jointly owned. they arent charging me if the proposal is not accepted. my case worker is sending out a document regarding payment etc which i should receive later today or tomorrow. i have emailed her in any case questioning the calculation and other bits such as equity release e...

yes i am puzzled. the payments would be stepped due to my wife being on maternity leave from december. 620 for 2 months 641 for 3 months 61 for 6 months 400 for 49 months of the original loans taken out (25k and 17k) i have made payments totalling, 7400 for NR loan and around 8000 for NW loan. the 6...

hello I posted earlier regarding setting up an IVA based on 64k of debt (2 loans and 3 credit cards). This figure included all interest left payable on the loans e.g. main creditor is NR Loan of 25k taken out 3 years ago (120 months) and 17k loan with Natwest taken out 4 years ago (72 months) with a...

Melanie

I must be frank in that the IP doesnt have all information just yet. I am due to send this out tonight.

I'm getting scared now as I dont want NR to proceed with the proposed charging order if they cannot get the money this month.

feeling rather down

hello I think i did a stupid thing this morning and tried to extend my secured loan with firstplus to cover the outstanding unsecured loans i have and was rejected due to credit score. This is not surprising I guess but now i am down that potentially no-one will lend me enough money to cover the deb...

thanks Melanie

I think i will contact my mortgage provider first then go somewhere else if they reject me.

can you recommend anyone else who it might be worth approaching with regard to re-mortgage?

thanks

Only thing is I have just moved onto a new 2 year fixed rate mortgage in April with YBS (been with them for 3 years) although i didnt borrow any additional capital.

How will my DMP affect my ability to borrow?

thanks

richard

Yes I agree with you on this I just did a quick calculation on YBS website based on the following. existing mortgage - 168,000 first plus loan - 27,000-30,000 settlement. But I have no idea on my creditors and how much they would except on full and final settlements. For example back in January, Nat...

thanks Melanie I have started the process with w3debtsolutions.co.uk They have been very helpful and have said i will pay nothing if my IVA is not accepted. I intend to post everything on monday. I will contact them in the meantime with regard to this letter. The thing that puts me off is that I hav...

Technically i dont have 75k equity as we haven't had survey evaluation etc i only have the evaluation from 3 years ago at 200k. The property is jointly owned by my wife and I. I was seriously thinking about this as an option. But how would my current lender see this situation with my creditor with r...

yes I have been recommended www.W3debtsolutions.co.uk and they are apparently well respected on www.fool.co.uk Yes i am a homeowner (mortgage 168000 balance) secure loan of 27k. Last valuation was done in 2004 at 200,000. This should be a lot higher now as my next door neighbour just sold for 270,00...

The largest debts (NR and Natwest loans) were used to consolidate a host of credit cards some of which I closed down e.g. Halifax, Barclaycard, marbles and Intelligent finance loan etc

Oh yes meant to say that MS is actually Morgan Stanley who have actually never troubled me.