Posted: Sun Jan 21, 2007 1:05 pm
Hi, just in process of applying for IVA, got a consultant coming tomorrow. Me and my partner owe £55000 on unsecured debt, mainly credit cards. I was just wondering if anyone knew answers to the following, talk about major stressing out!!!!
1) What do we do about payment that are due NOW, when we cant afford the mimimum payments with us now going through this IVA application./
2) Also we both have overdrafts in our banks that are never paid, what do the banks usually do about these when approached by our IVA company?
Suppose we may feel alot better once we have spoke to our consultant tomorrow, just really scared and this is the 1st time weve actually sat down and added up all our debt etc, and it hits you like a brick doesnt it.
1) What do we do about payment that are due NOW, when we cant afford the mimimum payments with us now going through this IVA application./
2) Also we both have overdrafts in our banks that are never paid, what do the banks usually do about these when approached by our IVA company?
Suppose we may feel alot better once we have spoke to our consultant tomorrow, just really scared and this is the 1st time weve actually sat down and added up all our debt etc, and it hits you like a brick doesnt it.