We are looking to potentially move house - we have about £100,000 worth of equity in our house at the moment and would like to move to something bigger. Is this an absolute nonstarter when we are in IVAs?! Should we wait until we finish them (just over 5 years away!) or are there specialist places t...

Thank you - that makes more sense! The proposal already included an extra year anyway as we have a help to buy loan so wouldn’t be able to sell our house to release equity to pay towards the IVA in year 5 as the help to buy loan would need paying back first. I’ve contacted payplan this morning and a...

I don’t think they have over 75% of my debt - I’ve tried to work it out but it’s really confusing! I’m terrible at maths (part of the reason I’m in this mess in the first place!) My debts are as follows: Tesco bank: £32,000 NHS credit union: £17,000 MBNA: £5000 Newday: £7000 I was told by payplan th...

Hi everyone! I’ve been a lurker for a while but finally joined today after my IVA proposal was rejected at the creditors meeting. I’m struggling to understand what this means and where I go next and also very very worried about losing the roof from over my children’s heads! Basically have £61,000 of...