Hi EveryoneIm new here and thinking of getting

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sac

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Post by sac » Sun Jan 25, 2009 8:23 pm
Hi Everyone
Im new here and thinking of getting a iva but before I make that leap I would like to find out more.
I am about £20,000 in debt! loan, credit cards and catalogues
my first question is if say I could afford to pay £500 per month on a £20,000 debt, would I still pay for the full 60 months?
Thanks.
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MelanieGiles

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Post by MelanieGiles » Sun Jan 25, 2009 10:04 pm
I don't think that an IVA is the right solution for you if you can afford to pay that much each month, and in my experience creditors are unlikely to accept such offer.

A DMP is likely to get the debts paid off quicker, so long as creditors agree to freeze interest and charges in the meantime.
Regards, Melanie Giles, Insolvency Practitioner
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kallis3

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Post by kallis3 » Sun Jan 25, 2009 10:52 pm
This is a duplicate posting, so I am locking it.
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
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