my landlord need to know if I take out an IVA?

[james760]

Hello
I rent privately, does my landlord need to know if I take out an IVA?
Also - during the 5 years (assuming I am accepted for an IVA) am I able to change jobs, move house etc?

Thanks

James

[Viki.W]

Hey James, welcome to the forum. Your landlord does not need to know about your IVA unless he is a creditor, which I presume not. You are free to change jobs but you need to bear in mind the IVA payments if you take an increase or a decrease in salary. You can move house but may need to rent with a private landlord again as some agencies do credit checks.

[james760]

hi - Thanks for the replies. I am just deciding if going down the IVA route is the right way for me? I can ONLY JUST meet all debt payments- but at the expense of everything else totally (e.g. food, clothes, etc) I have not missed any payments yet because of this- Is the only way to get an IVA by missing payments? My quality of life as decreased to nothing and I need to do 'something'. I worry as I cannot afford to be hit with late payment fines and I do not want 'snotty' letters in the post or bailiffs on my doorstep either!

thanks

J

[aguise]

Hi there James and hello from me.
I totally understand, we were very much the same, the only way the minimum payments were being made was to go without the necessities.
An iva has allowed us to live a reasonable existence, whilst giving credtors as much as possible back,the stress of not being able to meet the payments has gone and we are so much happier.
Al the very best and keep posting to let us know how you get on.

Ang

[MelanieGiles]

Why not have a chat with an insolvency practitioner to see what options you have. Things may yet have got too serious, and it may be that you have a debt management problem rather than a debt problem - which could be sorted out without reverting to formal proceedings.

[David Mond]

Melanie is right. You may only have a cash flow problem for example. A Debt Management Plan or an IVA may be the appropriate route. Seek professional advice - it does not cost anything - visit www.iva.com and see reviews on practitioners and have a friendly chat with one or two about your personal situation. Good luck and don't worry.