hello i have £20000 debt on my credit cards and im finding it very hard to meet the monthly repayments would it wise to start a iva or go bankrupt because i just cant go on like this much longer?
Do you have your own property? How many credit cards do you owe money to?
The decision on whether to go BR or try to enter an IVA is one that shouldnt be made without the help of an Insolvency Practitioner. A list can be found on www.iva.com,the site include reviews on various companies.
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
You really should discuss your options with an involvency practitioner who can explain the advantages, disadvantages and implications of each one with you on a one to one basis.
You could also consider a Debt Management Programme as well.
If you give an Insolvency Practitioner a ring, they will explain all your options and advise you as to the best way forward for you.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
