www.iva.co.uk

Hi - can someone help us please
?

Between my husband and I we owe approx. £90k - we bring in £1900 per month and our mortgage is £770. We will have some equity in our house in 4/5 years but have been advised before that we would not qualify as not enough money coming in and should look at going bankrupt (a bit drastic) or Debt Management (which we would be in for approx. 40 years so no light at the end of the tunnel!).

Has someone been in this situation? What monthly payment roughly would we be looking at?

Please advise
Thanks

Hi and welcome.

Can i ask, who told you that you wouldnt qualify for an IVA?

Take a look at www.iva.com
There you will find a list of IVA companies and reviews on each.

I would suggest giving a couple of them a call. They will go through everything with you and tell you if what you have already been told is true.

They will also explain ALL options available to you and the pros and cons of each.

Welcome from me as well.

Your monthly payment would be based on your disposable income after all your normal monthly household expenses have been paid.

Have a chat with an IP and visit www.iva.com and select from the reviews there one or two to speak to for the free appropriate advice that will be given.

Frank, I have deleted your other thread as it was a duplicate of this one.