Am back again after no luck does any one at all know I can go which will propose a IVA on debt me and my wife have totalling £47000 on payment plan of £250 a month every one says yes after talking to them its like they say how does 3293 sound I keep saying helloooo can only afford £250 any help be so great full BR is looking like my only option as a DMP just does not work
Your IVA will only be proposed on the amount of disposable income you have after your priority debts have been paid. Something has to have gone badly wrong somewhere if there is such a huge gap between what you say you can afford and what they say you need to pay.
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
the difference in figures should be easy to understand, but there are some things that are allowed for in proposing an IVA. Gym membership was one of the ones I wasnt, It comes out sacraficing my other budget areas.
I sincerely hope so! It's late and I'm tired, I should have realised that really!
Have you put down everything that you spend? That might make a difference in what your payments are. There must be some reason why companies are saying that you can pay more.
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
Don't be tempted to offer more than you can afford to "get it through" as that is a recipe for disaster. If that means that the creditors will be offered a lesser dividend then so be it, they will make their own decision at MOC.
Regards.
Cert DR
23+ years in debt advice
I do not post for anyone other than myself
Try the experts on here - they will tell it like it is and you will know that the information you receive will be the best.
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
Please don't agree to more than you can afford - it will set you on the road to disaster than the road to debt free.
Contact a couple of the IP's who post on here - As Jan says, they will tell it as it is. If an IVA isn't acceptable then they will go through your other options.
