Yeah were with debt management at the mo.

The IVA seemed appealing because the interest stops and it's all over in 5 yrs.

Such a confusing situation to be in when your'e not farmiliar with this field of thing's.

All you guy's have been really helpful though, thanks to all of you'

xx

Unfortunately it was the bank that got us in this situation. They didn't transfer our direct debit to our new bank, but failed to tell us this. We were blissfully unaware the loan hadn't been paid until a letter came through the post about 4 months later. Since then there has been problem after prob...

Natwest bank

Yes 2 credit cards, different names, but apparently the same company, tesco and mint.
Then the loan to the bank.

Thanks.

x

It is 2 creditors, £4000 to the credit cards and £14000 to the bank.

It's moneyexpert, one word, just looked it up on an e-mail they had sent us.

Thank's for your help, really useful.

What ever we do i'll let youy know.

xx

Money expert contacted him and suggested the IVA. The money is owed to the bank and credit card company, combined total of £18000.
Do you mean it would be 6 yrs after the IVA is paid, or 6yrs from the point of taking the IVA.

Many thanks

xx

Thank's for the promt reply's. You say you can usually obtain a mortgage post IVA. On what circumstances couldn't you. The reason for his poor credit rating is because when we switched banks there was a problem with transfering a direct debit, which we were not made aware of until it was too late. B...

My husband is lookng in to getting an IVA, this will be for five yrs, after that period were told, if the debt isn't payed off it will be cleared. Is this true. If so, where would that leave us in terms of getting a mortgage after the 5 yrs. Could he get a mortgage whilst he's paying off the IVA. My...