Hi and welcome to the forum. An iva is not based solely on the debt level. Your income and outgoings need to be assessed to establish affordability. If you own your own home any equity will be taken into account and some of this may have to be realised into your iva to provide a higher return to creditors.
Its best to get two or three opinions from IVA experts before deciding which debt solution route to take.
Other solutions maybe bankruptcy or debt management plan.
Sharing from experiences of dealing with debt
There is a solution for everyone .... Just need to stay positive !
Hi and a very warm welcome to the forum. You've found us and you've recognised you may need some assistance with your debt level, first step complete.
Now as Luluj suggests to talk to 2 or 3 companies about your options is the next step, digest all the information and make an informed decision. There will be a solution and remember we're always here for advice and support along the way.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
Hi. As suggested, have a chat with a few companies ( they all operate in different ways and you need to find one you gel with). Also have a good wander around the forum to see who is getting praise ( and who isn't ).
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
