We plan to start the DMP plan in February, although the lady from cccs needs to speak to her manager, something to do with the DMP being over more than 10 years!! Bankruptcy is still an option though, I guess it depends on if the creditors stop charges and interest etc. I don't have too many reserva...

Well, we have discussed the options with CCCS and they're sending us the forms for DMP. We will see what happens from there. They figure it will take us about 11 years to repay at the amount we can afford at the minute! We'll also have to wait to see what NR are doing with the charging order.

Thanks for all your answers. We aren't planning to sell or move, I wonder if Northern Rock would allow the amount to be added to the mortgage in the future, like a remortgage. Which we did want originally!

What happens with a charging order, Do I still have to make payments monthly (if so who decides the amount?), Will the amount run the length of my mortgage and what rate of interest will I be charged?

So many questions!! sorry

my attitude would be stuff them & go Bankrupt! That was my first thought too! [:(!] They've been nothing but unsympathetic and unhelpful the whole way through. Mark and Spencer money and British Gas/AA have been fantastic throughout it all, they were willing to accept temporary reduced payments fro...

The total costs were around £7500. The monthly contribution was 14 payments of £508 followed by 58 payments of £387 (due to fixed rate on mortgage ending at this time) I just checked and the actual dividend was 40.3p for the first year or so, and 33.69p for the remainder. andydavie had a great idea,...

Northern Rock have already started proceedings for a charging order, plus we hadn't made 12 full payments on one of the NR loans. Black Horse also rejected because of this reason. CCCSVA thought by extending to 6 years this would help, obviously not! I wasn't aware of beneficial interest though, tha...

Well... we just heard from CCCSVA that our IVA proposal has been rejected (Damn Northern Rock) We were offering 42p in the pound over six years. They have advised Bankruptcy. We have to arrange a telephone meeting to discuss this. I'm pretty scared about this! . Our house is in negative equity by ab...

I know that the £500 I owed my Mum wasn't included in my IVA, It was mentioned in the proposal that the amount would be wavered or held until after the IVA. I guess its hard to prove the £18,000, as no agreement was ever signed.

You are right to worry about your fixed rate ending in 2010. I build in a staggering of payments downwards at that time based upon you paying the NR variable rate, but I wonder what you have been advised by the IP you have already spoken to in this regard? Thank you for your quick reply. We haven't...

Hello All? Here goes... We currently owe £58000 on unsecured loans/credit cards to different creditors, we've just hit rock bottom. Since having my two children we have basically been living on credit! We recently wanted to consolodate with First Plus (which would have solved our problems) but we ar...