I had my IVA accepted with GT on Monday. I am so relieved. Only 4 out of 13 creditors voted but that was enough. 30p in the £. Thanks for all the advice leading up to this and will be logging on for help througout the next stage of my life, debt free and budgeting for the first time! My only one con...

thanks to everyone who posted and for all the advice. I received my revised proposal today and I am now offering £600pm to the IVA which gives me an extra £78 to live on. The figure of £120 for housekeeping still remains the same but I have managed to get a proviso for medical and dental, and some e...

Thanks for all the advice. I spoke to GT today and asked if they followed CCCS guidelines and apparently they have their own guidelines and it states that £120 is all I can I have for food and housekeeping. If they put more then the IVA may be refused. I am trying to get them to change my I& E to ma...

I dont know what I am allowed to have regarding expenditure. If anyone has any guidelines I would be grateful to receive them before I make my call. As I said originally they were going to offer £517 as payment then I got my 5 yr fixed rate mortgage and this brought down payments by £160which they h...

Thanks Melanie for replying so quickly. These figures were put to me by GT, I did not have any say on the matter. I will call them tomorrow and have a chat. I am so nervous that the Iva will not be accepted if I change anything. I feel you just have to go along with what the professionals tell you b...

My debt is £100K. I am offering 35p in £. Originally was going to offer 25p which is tight but then got a new remortgage and had an extra £160 which they have added to amount offered to creditors. Allowances are £120 Food and Housekeeping, £110 petrol, PHone 45£ Utilities £40, Council Tax £130 and t...

I have just received my proposal through and wanted your input. I am really concerned that I being left with so little that my iva might fail. Basically here are the figures Salary 2272 Mortgage 952 Coucnil 130 IVA 678 This leaves me £490 for all other bills and living expenses. I know I have to bud...

I recently opened a First Direct account when I started the iva process and now I am reading about them closing down accounts if you are in an iva. Is this really the case and should I get out before I am in an iva or just wait?I thought about approaching The Clydesdale Bank and wondered if anyone h...

Thanks for that reply. I have taken a 5 yr fixed rate which would tie in nicely with the iva so the payments will be the same. Then in my 5th year I can try and remortgage.

I told my broker that this was likely to happen but he did not seem that bothered as my credit checks were all ok with the mortgage company.

I am hoping to get my iva approved over the next few weeks but in the interim I am remortgaging as I came to the end of my fixed rate with NR. I have not told my new lender anything about the IVA because I am not in one yet and it may not even be approved. But I have just been reading the terms and ...