www.iva.co.uk

Can anybody please advise if the Together unsecured loan on their mortgage product causes any problems when going through the IVA process? Below is a list of my debts i would welcome any experts views on how my IVA might be looked upon.

I am planning to offer around £850 per month...

Nationwide "together" loan £30k
Goldfish loan £26k
Abbey loan £15k
Barclaycard £6k
Mint c/c £7k
Citicard £5k
Nationwide overdraft £3k

Total £92k

I live in Scotland so i will be applying for a trust deed rather than an IVA - it only lasts for 3 years rather than the standard 5 years in other parts of Britain, also the voting is slightly different where i need 66.6% of the votes to proceed and any non votes are counted automatically as supportive of the proposal, but just wondered if anybody had some thoughts to my creditors list and the amount i am proposing.

Thanks.

ALL unsecured debts should be included within your proposal and, as regards the amount, it seems very reasonable to me but, of course, you should make sure that it is fully affordable before you commit to it so I would suggest that you get professional advice as soon as you can.

Regards.

Hi Glen1971, its seems like a good offer to me, let us know how you get on

The only other part i am not sure about is the £30k loan for Nationwide.....this is the amount i borrowed and NOT owe - i currently pay around £200 per month for the life time of my mortgage which is around another 21 years so should this figure be nearer £50k (12 months x £200 x 21 years)