Myself and my partner both have separate debt management plans with different companies. He is moving in next month and our finances will totally change. Do we both go to one company and do a joint iva?
Speak with your existing DMP company and see what they suggest, also speak with other companies so that you get advice from several areas
IVAs are individual but many are interlocking so to all intent and purposes they are joint and a single payment made each month based on joint disposable income
Best bet, as said, is to have a chat with a few companies to see the best way forward. Interlocking IVA's are useful if you have any joint borrowing or if one or other income is on the low side, but, otherwise a couple of separate IVA's will also do the trick, if an IVA is the way forward in any event.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
We both had ivas but made two payments. We went with Cleardebt and were very pleased from start to finish. Read the reviews and sone of the blogs on here, they tell the real story not a sales pitch. Call a few companies and discuss your options. An iva was an ideal solution for us but is a hard commitment with severe financial repercussions. Use the forum for any questions.
