considering an IVA

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jonnyboyo

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Post by jonnyboyo » Thu Oct 04, 2007 9:20 pm
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Hi

I am considering trying to get an IVA - I owe 32k approx with HSBC owed 22k Egg 3.5k and the rest to MBNA

I'm 28 and was wondering what the reality of living under an IVA is like. I bearly can cover my payments and bills at the mo so I know i have to do something but I am worried what the impact will be for my future.

I would welcome any frank advice aboutwhat I should do and the restrictions I would comply with. I have contacted thomas charles and they are confident about if I procede with then the IVA it will be accepted
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Adam Davies

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Post by Adam Davies » Thu Oct 04, 2007 9:46 pm
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Hi jonny
Life is tough in an IVA,be under no illusions
However it is worth the pain because it will give you a fresh start in life,completely debt free.
Regards

Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp
Andam Davies
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Lisa2009

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Post by Lisa2009 » Thu Oct 04, 2007 10:22 pm
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It is hard living on such a tight budet. It also teaches you that if you cant afford, you cant have.
If set up and used correctly it can be very good. I think in the end, the benefits far outweigh the alternative.

Good luck
http://mrsskint.blogs.iva.co.uk/ 'Our Story'


Nil carborundum illegitimi
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kah

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Post by kah » Thu Oct 04, 2007 10:45 pm
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I think the benefit is greater if you do not own any part of a property as equity release in year 4 means that you will be paying for a lot longer than years.
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