HSBC

Hi Melanie, Thanks for your reply. I have spoken to them once and they have said they cannot reduce the monthly repayments to below what they currently are. I also have payment protection, and a couple of people have suggested getting rid of it as it's not worth it. Would you suggest I request this,...

Actually, to expand on my problem, it is actually my loan which is causing the most problems. I fell behind in payments, and so to make them up I have to make double payments for the next three months. However, i am finding it hard to make one payment let alone 2.

Hi Skippy13 and Melanie.

Thanks for your replies. I am 99.9% sure it is secured on on the car but I will double check.

My current debts not including the car are 1 loan, 2 overdrafts and 3 credit cards.

Do you have to include all of your debts in an IVA or just some of them? For example, I have a loan and a car on finance. I want to include the loan in the IVA, but not the car payments.