My son is a single parent looking after his 3 years old son. He has been left with a lot of debt approx £15,000 and signed up with a Debt Management company but has not been able to pay this for the last 4/5 months as he is struggling to get his benefits which he is entitled to. Would he be able to do an IVA instead with a lower figure to repay or would the level of debt he has exclude him from this scheme. Thank you for your help. Joyce
Why not get your son to speak to a couple of experts for advice? If he visits www.iva.com he will find a list of companies and reviews and the advice is free and impartial.
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