worried sick!

11 posts Page 1 of 1
 
 

caro50

User avatar
Posts: 4
Joined: Sun Oct 18, 2009 11:15 am
Location:

Post by caro50 » Sun Oct 18, 2009 11:18 am
My husbnd and I went to CAB yesterday and they advised that a IVa would be best for us. We have 40K debt.

I have loads of questions I need to get answered before we go any further but just hoping someone might be around to answer this one. We have a mortgage holiday due next march for 6 months as we are having a baby - will this still be allowed if we do IVA?

Many Thanks
 
 

Pennyless

User avatar
Posts: 1271
Joined: Sat Sep 05, 2009 4:30 pm
Location: United Kingdom

Post by Pennyless » Sun Oct 18, 2009 11:25 am
Welcome to the forum Caro50 I'm sure an expert will be along to answer your question but dont worry yourself sick.

You could also always ring a company or 3 and get some info. Theres several companies covered on these forums.

Good luck.
I came into this world with nothing and still have most of it left!
 
 

kallis3

User avatar
Forum Expert
Posts: 76531
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom

Post by kallis3 » Sun Oct 18, 2009 11:48 am
Hi,

I would speak to a professional. Visit www.iva.com for a list of companies and reviews. Give on or two a ring, and you will receive free and impartial advice as to all the options open to you and the best way forward fr your circumstances.

Be sure to mention about the mortgage holiday and the pending new arrival.
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
 
 

MelanieGiles

User avatar
Industry Expert
Posts: 47612
Joined: Tue Jan 09, 2007 10:42 am
Location:

Post by MelanieGiles » Sun Oct 18, 2009 2:16 pm
Having a mortgage holiday is a great idea to cover your income shortfall whilst you are away on maternity leave. I have recently done a few IVAs for couples expecting a baby, and so long as the payments are staggered to fit your income peaks and troughs over this period, they are very acceptable to creditors.

Did the CAB suggest any particular firms to you?
Regards, Melanie Giles, Insolvency Practitioner
 
 

caro50

User avatar
Posts: 4
Joined: Sun Oct 18, 2009 11:15 am
Location:

Post by caro50 » Sun Oct 18, 2009 4:24 pm
Thanks for your replies.

Melanie , the CAB have suggested payplan, however is there any chance we can talk this through with you? we have all our figures and expenditure at the ready.
 
 

Cath

User avatar
Posts: 1329
Joined: Mon Aug 24, 2009 2:38 pm
Location: United Kingdom

Post by Cath » Sun Oct 18, 2009 4:27 pm
You can click on the link on Melanie's signature and input all your details for her to have a look at....and if there's no sport on today she may well look at it today!
7 year IVA completed in December 2016 - there is light at the end of that tunnel
 
 

MelanieGiles

User avatar
Industry Expert
Posts: 47612
Joined: Tue Jan 09, 2007 10:42 am
Location:

Post by MelanieGiles » Sun Oct 18, 2009 5:04 pm
I would be very happy to do so Caro - but why not give Payplan a ring as well and then you can compare the advice provided. No harm in taking a second or even a third opinion - and as Cath says you can reach me via the link on my site.
Regards, Melanie Giles, Insolvency Practitioner
 
 

caro50

User avatar
Posts: 4
Joined: Sun Oct 18, 2009 11:15 am
Location:

Post by caro50 » Sun Oct 18, 2009 5:20 pm
Hi

have just tried filling in the form on your website but it not letting me submit the info - keeps coming up with an error page. Is there any other way I can get the figures to you ?

Thanks
 
 

MelanieGiles

User avatar
Industry Expert
Posts: 47612
Joined: Tue Jan 09, 2007 10:42 am
Location:

Post by MelanieGiles » Sun Oct 18, 2009 7:34 pm
I thought things were a little quiet on that front caro. I will ask Andy to send you my personal e-mail address and then perhaps we can arrange to have a chat tomorrow.
Regards, Melanie Giles, Insolvency Practitioner
 
 

caro50

User avatar
Posts: 4
Joined: Sun Oct 18, 2009 11:15 am
Location:

Post by caro50 » Mon Oct 19, 2009 12:08 pm
Hi Melanie,

I have sent you an email this morning. Hope you have received it ok,
Many Thanks
 
 

MelanieGiles

User avatar
Industry Expert
Posts: 47612
Joined: Tue Jan 09, 2007 10:42 am
Location:

Post by MelanieGiles » Mon Oct 19, 2009 8:19 pm
I gather that two of my ladies have tried to contact you independently, and that you have arranged to chat to Tina tomorrow. So good luck with that and if you need to chat with me directly you now have my contact details.
Regards, Melanie Giles, Insolvency Practitioner
11 posts Page 1 of 1
Return to “equity release”