Posted: Thu Sep 10, 2009 12:01 pm
Hi Everyone,
I'm a new member. I contacted Clear Debt a few weeks ago as had got to the point of not been able to meet minimum payments on credit cards etc. I was advised that an IVA was most suitable option for me and my creditors meeting is next Friday.
I owe about 45k in total over 3 credit cards, a personal loan and a loan which I act as guarantor for my sister on. Unfortunately she has missed loads of payments and so I have made these under the terms of the account. I've recently split from my ex who I have a mortgage with but the house has been on the market since November with approx £10k negative equity. I'm renting a room off a friend and was out of work for about 4 months earlier this year as the company I worked for went bust. I have another job now but on a lower salary. It's been one thing after another to be honest and now everything has built up to the point where I can't cope financially any more.
My worry is that half of my debt is with First Direct. I bank with them as well so have opened a Co-op account and my salary is now going in there. I know that if they vote against me the IVA won't be accepted.
Has anyone had their IVA approved with First Direct as a major creditor?
Any advice or info would be much appreciated. I feel so alone in all this.
x
I'm a new member. I contacted Clear Debt a few weeks ago as had got to the point of not been able to meet minimum payments on credit cards etc. I was advised that an IVA was most suitable option for me and my creditors meeting is next Friday.
I owe about 45k in total over 3 credit cards, a personal loan and a loan which I act as guarantor for my sister on. Unfortunately she has missed loads of payments and so I have made these under the terms of the account. I've recently split from my ex who I have a mortgage with but the house has been on the market since November with approx £10k negative equity. I'm renting a room off a friend and was out of work for about 4 months earlier this year as the company I worked for went bust. I have another job now but on a lower salary. It's been one thing after another to be honest and now everything has built up to the point where I can't cope financially any more.
My worry is that half of my debt is with First Direct. I bank with them as well so have opened a Co-op account and my salary is now going in there. I know that if they vote against me the IVA won't be accepted.
Has anyone had their IVA approved with First Direct as a major creditor?
Any advice or info would be much appreciated. I feel so alone in all this.
x