www.iva.co.uk

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.

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.

This is a duplicate posting, so I am locking it.