Do I have to wait for 6 months before I can do an IVA?

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kate771

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Post by kate771 » Wed Jul 31, 2019 2:47 pm
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Hi,
Total debt is £8,884.64
Debt is to catalogues, main debt £2,720.53 is to Very. Last ordered items 20th may from Very only a £20 top. Circumstances have changed am struggling to meet repayments do I have to wait 6 months before Very will consider accepting me for an IVA?
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kallis3

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Post by kallis3 » Wed Jul 31, 2019 3:02 pm
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No, you can apply now but take advice from a couple of companies as there may be another solution for you as your debt is not overly large (I appreciate that it is for 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
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Ryan

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Post by Ryan » Wed Jul 31, 2019 3:11 pm
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I agree with Kallis, an IVA will have a very long term effect on your ability to obtain mortgages, etc so worth getting a few opinions on possible other solutions as well.

Best of luck.

Regards
Ryan Radford
IVA Mortgage Expert
Zebra Money Centre

IVA Mortgage advice needed? Looking at Right to Buy and completed IVA still on credit files ?

Contact me at http://www.ivamortgageexpert.co.uk or via the expert page
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Foggy

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Post by Foggy » Wed Jul 31, 2019 4:22 pm
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An IVA for an £8k debt is like using a sledgehammer to crack a nut and might not be the best solution.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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kate771

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Post by kate771 » Wed Jul 31, 2019 4:27 pm
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What do you suggest a d r o
Thanks 🙏 grateful for all replies x
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kallis3

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Post by kallis3 » Wed Jul 31, 2019 4:34 pm
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Do you have any assets? Do you have more than £50 DI a month after all of your bills have been paid?
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
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kate771

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Post by kate771 » Wed Jul 31, 2019 4:41 pm
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No husband very ill I’m his carer change of circumstances forced upon us x
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kallis3

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Post by kallis3 » Wed Jul 31, 2019 4:51 pm
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Sorry to hear this - if you don't own your own house you may be ok but you need to speak to an expert company for further advice.
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
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