I am thinking of setting up a car lease. The thing is, I am planning to apply for an IVA in the new year, but my current car is on it's last legs and I need a reliable car for work. I was planning on going for the lower end if the Dunctons criteria, which is about 5k. My current DI is about £600 a ...

In a similar vein, welcomeloans.co.uk are a similar outfit. Ibwas trying to arrange a loan to buy a reliable car, I filled in an online form, got a call back a day later saying I'd been approved for a loan of 4k over 60 months at just £93 a month (not a bad APR for someone with 2 ccjs and umpteen de...

In a similar vein, welcomeloans.co.uk are a similar outfit. Ibwas trying to arrange a loan to buy a reliable car, I filled in an online form, got a call back a day later saying I'd been approved for a loan of 4k over 60 months at just £93 a month (not a bad APR for someone with 2 ccjs and umpteen de...

Hi
I have been considering BR, but due to the changes of IPAs it doesn't seem worth taking such a sever route anymore. My question is, if you start an IVA but are not a home owner, therefore no equity to release, does that make it a 6 year IVA to compensate?

Hi Lee, It's a very interesting story, and thank you so much for sharing it in such detail. If you have survived for so long without being "found out", can I ask what's inspired you to now deal with your debts? Yes Liam...I am with a new partner now, and she knows this story and is supportive, but ...

Hi all, This is a duplication of a post I have made on the bankruptcy sister site. I am interested to hear the perspective of people from the IVA camp too. I have posted on here before with a few questions about BR over the last year but forgot my username etc. so I have rejoined. A good few months ...

Confusion over credit rating- I've just been reading the very comprehensive FAQ section on the Vincent Bond website and one thing threw me- it says that the iva will remain in your credit file for 6 years following the completion of the iva...does that mean 11 years from the set up of the IVA?! Simi...

The 60k was because I often half my joint debts when quoting them, although I know that I am liable for the full amounts. I suppose if NR were to get something from my ex partner too they would get a greater return than my IVA alone. I don't know anything of the whereabouts and circumstances of my e...

Really Melanie? I was thinking it would be too low a return for the creditors. I thought you'd at least have to put forward 25p in the pound. My debts are as follows:- (estimated) northern rock repo shortfall (joint with ex) £20k northern rock unsec loan £25000 (joint with ex) first direct unsec loa...

Hi all, I am trying to decide between IVA and BR. I have been considering BR for some time, as I have no assets, and for my level of debt, is a quicker solution. However, I understand that in an IVA I would be allowed a car on HP, which appeals more than the £2k car allowance in BR (I need a reliabl...

I have just come back to the forum to read this, and I must say many thanks to all of the above for your replies. I do need to deal with it, I qm more aware now because I spent the 18 months of financial subterfuge single, wreckless, wasting money and not caring. Now I have a new patner (who is very...

Hello It's time I dealt with my situation after a year or so of being a financial fugitive. At the end of 2007, I split with my fiancee and basically had an emotional breakdown, where all sense went out of the window. I stopped paying our (joint) £90000 mortgage and the joint £25000 unsecured loan a...

Hi, I have just split up with my girlfriend, with whom I jointly have a mortgage. It is a Together Mortgage with Northern Rock. The secured mortgage balance is £86000, the unsecured part is £25000 - total of £111000. The house is worth £110000 and it is my intention to sell. My ex is refusing to pay...

Thanks everybody, Looks like an IVA is not an option. Ann Marie at Thomas Charles said that NR reject 90% of proposals, and as over half of my debt is to them my, chances are 10%! I'm not a betting man (thank god!) but seems like an outside runner! Has anyone any experience of debt management plans?...

Hi Melanie, The property is jointly owned, I purchased it in july 2005 for 87k, so it is probably worth 95-100k now. My former partner and I are on speaking terms and the split is quite amicable (thank god!) as she did not contribute to the deposit she does not want any money out of the property...s...