i am 3 years in a iva...i have to pay 360 pound a month..i am starting to stuggle paying this..i take home 1255 a month rent is 400 pound travel on the tube is 180 pound plus bills etc i have nothing left at all am thinking going banckcupt would be a better option..what do you think..
How much do you feel you could comfortably afford to pay in to the IVA moving forward, Jason, if your IP were prepared to consider presenting a variation of the terms for you to creditors?
What made you decide on an IVA over say bankruptcy in the 1st place Jason?
It would be a shame to go BR now after 3 years of an IVA. As Mel says with a variation to make the payments more affordable it is probably a better option.
What insolvency firm are you with?
Paul
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
It is in no ones best interests for it to fail now.
Give your IP a ring and explain that you are struggling and would like the payments reduced if possible.
I'm sure they will be able to help 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
Hi and welcome to the forum, I think a lot of us are struggling right now as Mrs S says with the credit crunch, consider Melanie's advice it's always very good. Hope you find a solution very soon x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
