Hi My partner received numerous calls at work which was quite upstetting as she would be styling a clients hair only for the young trainee to shout "can you come to the phone? It's the Halifax!" She explained to them on numerous occasions that she was not allowed personal calls at work and we were p...

I Owed MBNA £1500 with my IVA and set up a Co-op cashminder account with no problems.

Mark

Credit Cards and Personal Loans are UNSECURED Debt. Secured loans are debt secured against your property like a 2nd Mortgage.

Mark

Hi One thing I can advise is make sure you remove your work Phone number from your creditors records before you stop making payments. We ended up unplugging our house telephone and ignoring our mobiles when an unfamiliar number was displayed. We even got postcards through our letter box threatening ...

Hi We set up a Co-op Cashminder account before the IVA proposal. No overdraft (which is'nt a bad thing!) or cheque book but have no problems setting up direct debits or standing orders and get a Visa Electron card which most retailers now accept as a debit card. You could otherwise open a Post Offic...

Hi all I'm paying £350 for first 4 months then £265 (thanks to Melanie) for next 56 months, this is due to mortgage payments increasing in January. Egg wanted us to pay an extra £38 per month but as they were the only creditor wanting more it did not effect the origional proposal. Northern Rock and ...

Hi all After creditors meeting on 25th september all but one creditor voted in favour of proposal. Northern Rock - Yes Lloyds - Yes MBNA - Yes Nationwide - Yes Halifax - Yes Egg - No Have 45k of unsecured debt and very little equity in my house. Paying back 28p in the £. I would like to thank Melani...

My partner and I were recently advised to stop making payments to creditors as an IVA is going to be put together. I havent made payments for a while now but my partner didn't stop 3 direct debits for her loans as she does not have an overdraft facility on her bank account thus thinking no payments ...

Thanks for the feedback everyone. Andy I don't have £650 Disposable income, I thought £350 - £400 we could just about afford. The Person from Debt Free Direct did'nt ask half as many questions or go into as much detail as Payplan. Paying back £650 pm over 5 years meant I would pay back about 5 or 6k...

After spending the last few months worrying I finally picked up the phone last week. I think an IVA is my best option. My partner and I have accumulated £40k of debt and have very little equity in the house. I rang debt free direct first but after receiving the start up pack and a poor phone call fr...