I have been advised that a lump sum iva would be the best solution for me, i have a business and house to sell, and this option would give me some breathing space, i only have a small income from a pension, the business only just breaking even, so a repayment option could lead to me de-faulting, i have not heard of this option, i have been told 75% of the creditors have to agree, the firm is reputable, recommended by my bank who are working with me. I dont at this point want to go bankrupt, if this option is as good as it seems my creditord would get a large proportion of their money.
A full and final could be an option for you, but I would seek more than one opinion.
Visit www.iva.com for a list of companies and reviews. Give one or two a ring for free and impartial advice as to all the options open to you.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
I would imagine the bank would recommend either CCCS or Payplan. They usually do.
A phone call to an independent company is always advised.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
