Posted: Wed Apr 30, 2008 10:18 pm
Wondering wether to take the plunge????
My debt has recently spiralled out of control due to interest rates doubling on one debt, and living on my credit cards as no other option!
I currently have 4 credit cards with a total of £22k between them.
an unsecured loan for £8k , and another for £1k.
I have a joint mortgage with my partner who is debt free!!!!! Our mortgage is for £94k - and the house is valued at approx £120k
My question.... should you be able to help.... is wether i will benefit from an IVA??? or should I try Debt Management??
I am concerned about the equity release from property as feel it is unfair that my partner should have to contribute towards a re-mortgage - and therefore MY debt that I ALONE have managed to accumulate. ( for the record.... I have made her aware of my financial situation!)
Any comments would be appriciated
Many thanks
My debt has recently spiralled out of control due to interest rates doubling on one debt, and living on my credit cards as no other option!
I currently have 4 credit cards with a total of £22k between them.
an unsecured loan for £8k , and another for £1k.
I have a joint mortgage with my partner who is debt free!!!!! Our mortgage is for £94k - and the house is valued at approx £120k
My question.... should you be able to help.... is wether i will benefit from an IVA??? or should I try Debt Management??
I am concerned about the equity release from property as feel it is unfair that my partner should have to contribute towards a re-mortgage - and therefore MY debt that I ALONE have managed to accumulate. ( for the record.... I have made her aware of my financial situation!)
Any comments would be appriciated
Many thanks