Posted: Wed May 02, 2007 8:53 am
Hello Melanie,
My husband has a debt of £42,000-44,000 that he had got before me got married.I am on spouse visa till 28/08/08. if he goes for IVA will it effect my right to stay in the UK and elligibility for the British citizenship?
Will it have any effect on my credit rating?
We are both working full-time and total income is about £2,250 after tax. But our rent is £700 and travel expenses £220, We are considering childcare of £570pm since Steve's mother can't look after our daughter for long hours any more.
Are we eligable for IVA and how much approximately will be our monthly repayments? and last question-when IVA is approved can our monthly repayments increase at any point over the next 5 years?and at what circumstances we'll have to increase monthly repayments?
My husband has a debt of £42,000-44,000 that he had got before me got married.I am on spouse visa till 28/08/08. if he goes for IVA will it effect my right to stay in the UK and elligibility for the British citizenship?
Will it have any effect on my credit rating?
We are both working full-time and total income is about £2,250 after tax. But our rent is £700 and travel expenses £220, We are considering childcare of £570pm since Steve's mother can't look after our daughter for long hours any more.
Are we eligable for IVA and how much approximately will be our monthly repayments? and last question-when IVA is approved can our monthly repayments increase at any point over the next 5 years?and at what circumstances we'll have to increase monthly repayments?