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Posted: Thu Jun 14, 2012 9:09 pm
by mitch2311
Just curious what peoples debts were when they entered into the IVA?
My wife and mine was £27,000
We hadnt missed one payment on loans,cards etc but each month was getting harder and harder, i ended up borrowing £700 from quick quid and thought enough is enough.
Posted: Thu Jun 14, 2012 9:13 pm
by Niobe
£83,000 between us both.
She was even withdrawing money on the credit card to pay back as the minimum payment per month - had to end sometime.
Posted: Thu Jun 14, 2012 9:14 pm
by mitch2311
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by Harpic
£83,000 between us both.
She was even withdrawing money on the credit card to pay back as the minimum payment per month - had to end sometime.
Jesus was that many cards? How many loans did you have?
Posted: Thu Jun 14, 2012 9:16 pm
by Niobe
We are by no means the highest debtors on here.
She had a few credit cards and store cards and we had three joint loans between us
Posted: Thu Jun 14, 2012 9:17 pm
by mitch2311
Its amazing isnt it how quick it all adds up
Posted: Thu Jun 14, 2012 9:50 pm
by footiemad
126,000 between us
Posted: Thu Jun 14, 2012 9:53 pm
by kazzafunk
£80,000 although when we started preparing it was somewhat less than that. Good old HSBC bumped it up!
Posted: Thu Jun 14, 2012 10:56 pm
by dawn20
yes agree with you regarding hsbc they did the same with me orignal loan withppi was around £15,000 but this jumped to the end figure at the en of my iva to£17,374 and before the iva started i had paid two years of that loan off strangely the ppi refund is £8,600 well ill let that speak for itself maybe if they had not been so greedy then i might not have needed the iva and cleared my debts with them
Posted: Thu Jun 14, 2012 11:16 pm
by olympic_torch
59k between us. one or 2 individual debts, but mostly joint.
Posted: Fri Jun 15, 2012 6:23 am
by terry d
£38,500 just me due to loans for a car as im a taxi driver,then loans to pay off credit cards etc,always robbing peter to pay paul but in the end i could see it was not working so going bankrupt very soon,in all my working life ive never been in this situation,5 years ago i was earning £60,000 a year,last year i earnt £30,000 a slow down hill trend on in coming cash,
Posted: Fri Jun 15, 2012 7:26 am
by luna
Hi,
180k between us !!
Posted: Fri Jun 15, 2012 8:30 am
by Hyperdrive
£146k in a Partnership IVA
Posted: Fri Jun 15, 2012 8:54 am
by Seventh
Seems my hubbys debt was minimal by these figures, his was about £22,000 I think
Posted: Fri Jun 15, 2012 9:05 am
by Neil69
Joint was approx £34,000
Posted: Fri Jun 15, 2012 10:33 am
by Loads a Debt
18k unsecured in the IVA but that doesn't take into account bumping up my mortgage up by 30k and a 14k secured loan to consolidate and then the property crash meant I didn't have the equity to continue. Thank god in a way as I'd propably still be consolidating.
Daz