I owe 14000 in 2 credit cards and an overdraft

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robert875
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by robert875 » Mon Sep 04, 2017 1:41 pm
I'm about to attempt to apply for an Iva it's my last option from what I can see. I owe 14000 in 2 credit cards and an overdraft .... I'm really stuck on where to start and who to apply with and hope you can help
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Lisa Thomas
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by Lisa Thomas » Mon Sep 04, 2017 1:46 pm
Are you certain an IVA is the right option for you - have you considered other options, including a Debt Relief Order?

I'd be happy to chat to you about your circumstances and give you advice.

01752 786800.
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Foggy
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by Foggy » Mon Sep 04, 2017 2:10 pm
As Lisa says, an IVA might not be the way forward, especially with a modest level of debt. I would suggest a chat with a couple of firms to explore your options.
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robert875
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by robert875 » Mon Sep 04, 2017 2:43 pm
Lisa Thomas wrote:
Are you certain an IVA is the right option for you - have you considered other options, including a Debt Relief Order?

I'd be happy to chat to you about your circumstances and give you advice.

01752 786800.

Hi thanks you very mischievous for such a quick reply , I'm
Just not sure what the best option is for long term , I eventually
Wish to buy a house in the future with my partner , I just want to get straIght and
sorted and am currently capped on overdraft and close to missing payments on my arcs and loans
Thank you kindly once again
Bunny
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Michael Peoples
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by Michael Peoples » Mon Sep 04, 2017 2:43 pm
An IVA may be an option but there are other possibilities too. An IVA will ruin your credit file for six years so should not be entered into lightly and perhaps even consolidation or balance transfers could be appropriate. Any good insolvency firm will be able to advise properly.
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robert875
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by robert875 » Mon Sep 04, 2017 2:50 pm
Michael Peoples wrote:
An IVA may be an option but there are other possibilities too. An IVA will ruin your credit file for six years so should not be entered into lightly and perhaps even consolidation or balance transfers could be appropriate. Any good insolvency firm will be able to advise properly.

Hi thank you for your reply
I'm unable to consolidate or transfer as my credit rating is so bad and have a bearue or something like thT on my file ?
Regards
Bunny
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Michael Peoples
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by Michael Peoples » Mon Sep 04, 2017 2:52 pm
Do you mean a BRU and if so when were you previously made bankrupt?
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robert875
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by robert875 » Mon Sep 04, 2017 3:31 pm
Michael Peoples wrote:
Do you mean a BRU and if so when were you previously made bankrupt?

No sorry I've never been bankrupt or anything like that , I went to open a joint account with partner and it got declined as someone who I missed payments with in the passed put a beareu something on my file. ?
Bunny
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Michael Peoples
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by Michael Peoples » Mon Sep 04, 2017 3:44 pm
If that is the case then your credit file will already be damaged. Perhaps an IVA is the way forward so get that advice and see whether it is the right option for you. If not there are alternatives and something will be right for you.
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kallis3
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by kallis3 » Mon Sep 04, 2017 4:27 pm
Please have a chat with a couple of companies and they will advise on your best option.
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robert875
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by robert875 » Mon Sep 04, 2017 6:40 pm
kallis3 wrote:
Please have a chat with a couple of companies and they will advise on your best option.

Hi thank you all kindly for your help one last thing can anyone give me the best companies or people to speak to ?
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kallis3
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by kallis3 » Mon Sep 04, 2017 7:46 pm
Can't recommend anyone in particular - you should be able to see from posts on here as to who seems best.
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