Posted: Sat Oct 11, 2014 8:26 am
Daughter owes £20k between 5 lenders.
It's been suggested by an IVA handling broker, that £7k might be acceptable to settle.
A relative may be able to find the £7k, but need to be confident about house equity.
£120k is owed on house, it is possibly worth £160k ( maybe less on a forced sale?)
She is a single mum with young child and on benefits.
Is her equity safe?????
It's been suggested by an IVA handling broker, that £7k might be acceptable to settle.
A relative may be able to find the £7k, but need to be confident about house equity.
£120k is owed on house, it is possibly worth £160k ( maybe less on a forced sale?)
She is a single mum with young child and on benefits.
Is her equity safe?????