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Posted: Tue May 10, 2011 10:13 pm
by Samantha.sl
Myself and my partner have seperate debts but would like to 'club' them together and pay into an IVA together (we have opened a joint account in preparation), would we be able to do this? I have around £13,000 debt and my partner has around £40,000 debt
Posted: Tue May 10, 2011 10:15 pm
by Shining
Hi Samantha and welcome to the forum, an interlocking IVA can be set up. Two separate votes but one payment basically I believe is how I should describe it.
Why not take a look at
www.iva.com for a list of companies and some reviews of these. Always take the advice of 2 or 3 companies to ensure you receive impartial case specific advice, the advice will be Free and all debt solutions can be discussed. x
Posted: Tue May 10, 2011 10:38 pm
by MrsKnight
Hi samantha & welcome to the forum from me too,
I agree with Lesley above & do take a look at the site Lesley has directed you too.
My husband & I have a interlocking IVA & make one payment.
Good luck in taking the steps to sorting out your debts together, I'm sure one you have spoken to 2-3 companies you will feel better about your situation. Keep us posted.
Posted: Wed May 11, 2011 7:42 am
by Struzzo39
Welcome to the forum from us too. Me and my husband had seperate and joint debts and have an interlocking iva also. We make one payment. Good luck in your chosen path xx
Posted: Wed May 11, 2011 2:58 pm
by kallis3
Welcome from me as well. Hubby and I had joint debts and I had others as well and we have seperate IVA's. The payments come out on the same date though so I always think of it as being 'joint'.
Posted: Wed May 11, 2011 3:23 pm
by Tina Shortland
Hi Samantha - as you can see the interlocking IVA scenario is a common one among many posters. Once you have spoken to a couple of experts to og over your situation in more detail you will fully understand the process and be able to confirm if it does look like it will be viable in your case. Other options will be discussed with you as its important that you know about all options and the implications of each but then once you know everything you can make the best decision to suit you both.
Lastly, welcome to the forum - you've found the best place for help and support.
Posted: Wed May 11, 2011 4:30 pm
by kazzafunk
Interlocking IVA's are very common - we are in the process of setting one up