can i include my car payments and my credit cards

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Post by ray.1 » Tue Mar 30, 2010 1:17 pm
can i include my car payments and my credit cards do i put what i owe on my house and what if the debt is in a joint name

Michael Peoples

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Post by Michael Peoples » Tue Mar 30, 2010 1:33 pm
Hi Ray and welcome to the Forum.
All unsecured debts are listed in your IVA and this includes credit cards, car loans but not hire purchase. Your IP will need to know how much your mortgage is and how much the payments are but these payments will have to be made and cannot be included in the IVA.

Speak to an IP firm for some free advice takinh into account your personal situation.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
If you would like to talk to me about proposing an IVA or have any questions at all please visit

Declan at DebtFreeDirect

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Post by Declan at DebtFreeDirect » Tue Mar 30, 2010 1:34 pm
Hi Ray
You can include all unsecured debts which include credit cards / loan / overdrafts etc, however, if your car is on hire purchase, you cannot include this in the IVA, instead the payments are dealt with as part of your monthly outgoings in the same way your mortgage, council tax and utilities are. Joint debts can be included aswell.

Declan Murray
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Debt Free Direct - the UK's largest IVA provider.


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Post by MelanieGiles » Tue Mar 30, 2010 8:11 pm
Just a point on secured debts - they are also included into your IVA, with the creditor concerned given the opportunity to either rely or waive their security. Any unsecured balance can then legitimately be used for voting purposes.
Regards, Melanie Giles, Insolvency Practitioner
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