You do not say how much debt you were in or how much your house is worth. But surely if you had no mortgage, you would have been far better off, releasing some equity to pay of your debt and completely avoided the painful years of an insolvency. If your debt was huge and over 5 years you will not ha...

Thank you I will let her know. Perhaps not an issue at present but could be if rates continue to rise (who knows if they will !)

Friend is in an IVA, and just had a letter that says her Mortgage payments are going up following last weeks interest rate rise. They went up a few months ago and the provider allowed a 10% deduction in payments. I don't think they will allow this again. I am sure there must be 1000s affected by thi...

Hi Natashad3368, I felt just like you when I faced up to my debt problems. I just wanted a solution in place asap. Can I recommend you give Micheal Peoples a call. He is a long standing, well respected expert on this forum. He will give you professional, impartial advice and hopefully put you on the...

I completed my IVA with Cleardebt last year (to be fair they were fantastic all the way through). However, after completed my final payment, before getting my completion certificate, I had to agree them reclaiming money for a packaged bank account I had years ago. I had no problem with this and inde...

Michael, why is James Green taking this action. Is it just for his personal gain.

If the creditors have an issue with the ruling surely they should take up the argument?

Or are the creditors funding this action on his behalf?

I understand Lisa's caution but I think they are really useful for emergencies (unless you have savings). They also ease paying for hotels and car hire.

Plus the additional insurance you get when buying large items on CCs

If the IVA is still on your credit report (albeit paid off), you will be looking at subprime like aqua or vanquis. There have been some decent reports about them on here. If your credit file is clear (over six yearss since IVA start), I would apply for a mainstream card immediately. I was given Visa...

Sorry Michael, I didn't mean an extension of the IVA itself, just the ongoing obligation and claim pursuit.

I completed by IVA earlier this year. Although PPI was resolved during the term, around the time of the last payment my IP said they must explore if they can realise any funds through the mis-selling of a packaged bank account. I agreed to this and the claims company appointed interviewed me, sent m...

I would also ask them to clarify why the 2014 IVA protocol brought in a clause to allow the introduction of Secured Loans (in lieu of equity), if the 2009 and 2010 IVA protocols already contained provision for this (as they are arguing)

Hi Jean, I was with CD albeit my arrangement was from 2009. In my agreement it clearly stated an option of 12 months additional payments in lieu of equity, there was no need to go back to creditors.

Are you 55 or approaching that age. Never great to dip into pensions but if you have a decent pot (and can access it without paying tax, it could get you out of a pickle.

Kevwillo, if you have a totally clean credit file, there is no reason yo cannot try a mainstream leader straight away. With a clean CF, your salary and deposit will have more bearing on the outcome.

And have watched every boxed set out there )