can someone explain if you owe 50000 and agree an iva for 70p in the pound over 5 years i would pay about 570 amonth. that would pay back 35000.if i have 30000 equity in my house is it usual to have to remortgage it in year 4 or 5. and pay back the outstanding 15000. is this how it usually works.

thanks again for your interest. my agreement is indeed with the cccs. im trying to hang on to the house. im in my early 50s and have 3 children and we dont really want to move.having read the advice i dont think an iva would work for me. ill have to keep going with the dmp and maybe if i come into s...

thanks for your prompt and considered advice.my problem is actually remortgaging.i got this house when i worked in yhe middle east and it has increased considerably in value my present income is no where near the amount required so what would happen in year 4 if you couldnt remortgage. also if i sta...

i owe about 45000 to 9creditors. ihave set up admp with ccsand pay 125 amonth. obviously it will take over 30 years to pay it off.ihave made 18 payments.however some of the creditors are starting to charge interest and penalty charges again.i would love to be debt free after 5 years.is the iva route...