I have been with a dmp for 12 years and paid off £65000 with them. I have about 8 years to go. I am thinking about going into an IVA. Would my monthly payments to the IVA be around the same as my current payments to my DMP?
If your income has increased over the years and your payment in the DMP hasn't you might see an increase. I would suggest a chat with an IVA provider to see what the figures might come out at. I would also suggest a small to medium firm, rather than the "IVA factories" or the supposed "charity" firms.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014 http://foggy.blogs.iva.co.uk