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Posted: Thu Oct 16, 2008 9:43 am
by alan6
can i get any help i owe 1400 have no job but rent my house out sohave alittle bit of money coming in and hope to start work soon the money i owe is with my bank TSB one loan and one credit card any help thank you
Posted: Thu Oct 16, 2008 9:46 am
by LoneRanger
Hi
With such little debt then an IVA wouldnt be suitable. Maybe speaking to TSB to agree small payments while you are out of work with a view to increase when you find work?
Posted: Thu Oct 16, 2008 9:48 am
by kallis3
Hi and welcome.
Did you mean £1400 or £14,000?
You won't be able to do an IVA as you only have the one creditor. You should be able to do a Debt Management Plan which means you will just pay Lloyds TSB what you can afford each month.
Check out
www.iva.com they have a list of companies on there and one of them can help you sort out a DMP. Try someone like Payplan or CCCS who won't charge you for doing this.
Posted: Thu Oct 16, 2008 12:43 pm
by plasticdaft
Lloydstsb would be your best bet for help,as the debt is solely with them. You could talk to your local Citizens advice bureau 1st to get independant help.
Posted: Thu Oct 16, 2008 12:45 pm
by Lisa2009
With such a small debt, you would be best just speaking to the bank manager and asking to pay back small ammounts over a longer period of time as others have said.