Sorry again, Say a creditor accept the DMP and then down the line can they reject and take me to court and proceed with legal action even though i pay on time. Do they accept in writing to you when they are happy with the DMP.

Please advice i am bit nurves

Thanks Andrew, Let say out of the below creditors list mbna 3900 barclays 4600 egg card 1000 egg loan 11000 halifax 2000 barclays od 1500 B&Q store card 1600 out of 4 distinct creditors 2 or 3 creditors accept and continue negotiating with the other one and can the accepted creditor reject later on ...

if i end up paying my monthly contribution i will end up paying more than the existing debt. My initial payment will be 150 which is fine and once my HP payments (430) end in 22 months and they say that i need to include that as additional payment and once you include this and do a 5 yr plan i am pa...

i have been told that the iva is not possible to proceed and they are advicing me to do the DMP since i will be more than the debt if i go with the iva. i just want to know if i proceed with DMP interest and charges are frozen. my creditor list is mbna 3900 barclays 4600 egg card 1000 egg loan 11000...

i have been told that the iva is not possible to proceed and they are advicing me to do the DMP since i will be more than the debt if i go with the iva

thank you to all for your valuable advice i will now proceed with the IVA route

Thanks. looks like a good solution than DMP

i will be debt free in 60 months and interest will be frozen and possibly debt written off as well

i will be coming out of the hp loan payments in 20 months and i should be able to contribute more later on

or even a one year iva with 200 a month and release the equity with a lump sum secured loan payment. please advice many thanks

sure, we recently remortgaged and in 2nd month of 2 year tied in mortgage

can we make the monthly payments of £200 and then release the equity by end of november 2009 by which we are out of the tie in period

may be looking for a 2 year iva with a lump sum at the end?

yes that's right husband 75% I am worried to enter the DMP since they can still take me to court and thats why i would prefer an IVA instead my house price is 300000 and the 226000 loan outstanding is there a alternative plan i can pay mothly 200 and then release my equity share in an year some thin...

sorry andy i think i have not made my self clear

We have a shared equity scheme registered

75% own by my husband
25 own by me

Already we have taken 75% of LTV

do i need to release from the my share of 25% of the available equity

has any one had different ratio of equity share with a mortgage who have entered an IVA.

My equity share is my husband holds 75% and mine is 25%

What will ne expected equity release if i entered an IVA

please help

is it better to go for the DMP and then apply for a IVA once approved.

is it too early to think about either since i have not missed any payments so far. i have been getting help from relatives and cant go on like this for ever

my husband has already completed his iva and he holds 75% share in the property

this property was bought on his name and recent he has included mine with 25% share and maximum LTV is already taken with the mortgage

please let me know which one is better DMP or IVA

hi, i have the following debts mbna 3900 barclays 4600 egg card 1000 egg loan 11000 halifax 2000 barclays od 1500 B&Q store card 1500 and other store cards with nil balance I also have two hire purchase loans for 5500 and 3500 for car payment for this is 270 and 170 my income is 600 and the househol...