Stuck between a rock and a hard place

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loretta
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by loretta » Tue May 30, 2017 12:33 pm
I'm stuck between a rock and a hard place I'm owe money to various different credit cards store cards and catalogs! I've been unable to pay them for some time and just been burying my head in the sand! It's really getting on top of me now and I can't see a way out! Can use help
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kallis3
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by kallis3 » Tue May 30, 2017 12:39 pm
Hi,

How much do you owe in total?
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Michael Peoples
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by Michael Peoples » Tue May 30, 2017 12:47 pm
Get some free advice from an insolvency firm and discuss all your options. There is always something that can be advised which should be of help to you.
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Lisa Thomas
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by Lisa Thomas » Tue May 30, 2017 1:45 pm
We cant advise without a lot more information on your finances.

But you could make a start here to consider which options best apply to you in your circumstances:

https://www.youtube.com/edit?o=U&video_id=TgalT1vhn6M
Last edited by Lisa Thomas on Tue May 30, 2017 2:50 pm, edited 1 time in total.
redboxtree
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by redboxtree » Tue May 30, 2017 2:34 pm
Shop around, speak to a few companies.

A lot will depend on your level of debt v your income and what you have left over at the end of the month.

An IVA is at least a 5 year commitment and what you pay can go up.

There are fewer companies offering debt management plans but look and see if a Debt Relief Order is possible.

As Lisa says though - a lot more information is needed and will be needed by anyone you go to.
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Lisa Thomas
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by Lisa Thomas » Tue May 30, 2017 2:51 pm
Not all IVAs last for 5 years - it depends on your circumstances and what T&Cs your IP firms use.
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Foggy
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by Foggy » Sat Jun 03, 2017 5:25 pm
I agree with Redboxtree --- shop around and speak to several companies. An IVA is only one solution and may not be the best for you.
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