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Posted: Mon Sep 22, 2008 4:27 pm
by bobbys
I am on job seekers allowance can i have iva or dm
Posted: Mon Sep 22, 2008 4:32 pm
by kallis3
Hi there and welcome.
If your only income is from benefits, then you will not be able to do an IVA, you could do a Debt Management Plan though. It would all depend on how much your debts are and what you were able to pay after your priority payments have been made.
Posted: Mon Sep 22, 2008 5:01 pm
by 123debtsolutions
As long as you are offering more than 1% of the debt you should be fine for a DM. Eg : £10k debt £100pm. You should speak to a DM advisor about your circumstances. They will assess your viability and offer you the best practice solution.
Posted: Mon Sep 22, 2008 5:13 pm
by kallis3
Give Payplan or CCCS a call. They don't charge for Debt Management Plans.
Posted: Mon Sep 22, 2008 5:24 pm
by debtmountain
Good Luck bobbys, let us know how you get on [:)]
Posted: Mon Sep 22, 2008 6:06 pm
by MelanieGiles
Neither Payplan or CCCS operate the 1% rule which tends to be used by fee paying companies - but do ensure that you are not going to be tied into a long winded repayment plan which doesn't really benefit anyone in the long run.