please can someone advise me asap

[kerrie2]

Hello all,
ive been paying on a dmp for about a year now an would like to know or speak to melanie about an iva because im wanting to get my debt clear asap but im worried that an iva will put up payments that we cannot afford and ive read about this on this site.
please can someone advise me asap
thankyou all kerrie.x

[Viki.W]

Hey Kerrie, you need to go through your income and expenditure with Melanie to see what you can afford. Was there any particular reason why you entered a DMP? X

[angela18]

Hi Kerrie.. email Melanie on her link and have a word.. we are with Melanie and we are by no means well off but we manage and get by alot better than pre IVA. Much better that juggling finances.. there is also the legal protection with an IVA re interst etc.. give Melanie a try..

[kerrie2]

thankyou all for your kind replys im welcome to any advise given.
Is melanie on the website i do i find her.

[size5]

As an IVA is based on what your budget can afford, you need to speak to a professional directly.

Regards.

[kerrie2]

thankyou i will consider all the information and will speak to melanie,because in weiry of some of the companys.
also i have a northern rock mortgage and a unsecured loan with them but i think it is classed as a together loan.
im not behind with anything and i hav a dmp with b&k but dont want to be paying this forever.
i need to clear this asap because im sick of the debt lingering over us.
thanks again all
kerrie
x

[Viki.W]

http://www.melaniegiles.com/

There you go Kerrie. Good luck. X

[indebtforever]

hi kerrie can you give more info like the level of debt and how many creditors etc and what you think you will roughly have left to be able to pay the creditors then the experts will be able to give more accurate advice[:)]

[kerrie2]

ah thankyou vik.thats kind of you iwill call her tomorrow or email and get thing under way.
i cant say that im not nervous cause i am but hey when im nervous theres nothing to worry about normally so thats a good sign.
kerrie

[kerrie2]

Including family
brother in law.£6000
mum in law £6000
hsc £6000 but with interest £9000 and they have just took me to court cause they were not happy with there payment from b&k and they managed to get it secured to the property if we sell but there is no equity
AMX £7000
mbna £4000
natwest £2100
sky is £180.00
and powergen whom im no longer with.£80
16.000 unsec with northen rock and is up to date
these are all approx figures.
the figure for family and 16,000 loan are not on my dmp
ikea 250.00
170.00 burtons
Top shop is 170.00 and again these are not on dmp
choice 1500
i know its not alot compared to some
kerrie

[kerrie2]

approx 52,450 that ive worked out and its alot.
and ive no idea how to get out of this mess
my mum in law does no know and my husband feels he cannot tell them
they lent us money for our car and brother lent me 6000 to start my business that did not take off.
kerrie

[size5]

I would suggest that you get professional advice, whether from Melanie or not, as soon as possible.

You have 3rd party debts, and a charging order that can't go into an IVA.

Also, why are the other debts not in your DMP?

Regards.

[indebtforever]

yes its a shame about the hsc as this can`t be included into the iva now. I am not to sure how it works with the family as for voting but a good thing is the amount of creditors and the figures as in not owing one creditor a vast amount i hope it goes well for you keep us posted you are going to a good practice melanie and her team are highly recommended[:)]

[freelili]

Hiya Kerrie

I dont know how you ended up in a DMP with 52K worth of debt, surely, like you say it would take forever to clear.

I dont think that you would be able to include the money you owe to your family in an IVA, you could put them down but they would be asked to stand aside (someone correct me if I am wrong).

We all feel that horrible black cloud over us or have felt like that but youre trying to do something about it and that takes some guts.

I really hope that Melanie can help you but even if she cant there is an answer to every problem, sometimes one we dont always like to hear but its there, somewhere we just have to find it.

Youre amongst friends here on the forum and I hope you can begin to feel a little better soon.

best of luck.

[plasticdaft]

I believe that the family loans can be included but will be treated the same as other creditors.ie not get the full amount back( unless of course you were paying back 100p/£). You may also need proof that these family loans exist,this isnt always easy to get.

good luck.