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Original poster

Advice?

27 replies

BGreyhound752 · 21/02/2013 15:41

I am looking for some advice, I have £30,000 of debt on credit cards and loans which I cannot pay. I own my house with only a small amount of equity. I have approached a debt charity and they say I can pay £340 into an IVA, but I can't afford this!
I work out I can pay at most, about £250 a month. Can anyone recommend any good companies for IVA's?

OP posts:
Original poster
BGreyhound752 · 22/02/2013 15:23

To my understanding any fees charged will be deducted from my monthly contirbutions, so there will be no extra monies to be paid on top of this. I suppose anybody proposing an IVA on your behalf is a business and not in the position to offer completely free and proffesional services. As you rightly said creditors will at least be getting something back in a formal debt solution.

OP posts:
keli5325 · 25/02/2013 12:10

How did you get on OP? have you made a decison yet? x

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