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?
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
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.
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.
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.