I was looking into an iva but it seems that it is not a good soloution for me at the moment as my mortage is due to go up by approximatel £200 next june and don't know how it could be incorporated. I am going to do a dmp has anybody got any experienes good or bad about these.
Hi jane I'm sorry that an IVA appears not to be an option for you. I presume you have looked at that option through an IP? I have no personal experience of being in a DMP but have helped many that cannot meet the payments originally set.
Have you spoken directly to a Bankruptcy Specialist?
I note from a previous post in June that you were already in a DMP, is that still the case?
I am still in a dmp and luckily enough all my creditors have frozen my interest and charges and i have had no letters or phonecalls so I am hoping too carry on with this with the ope that none of them will file for bankrupcy as they all seem willing to try and help.
quote:Originally posted by Assist
Hi jane I'm sorry that an IVA appears not to be an option for you. I presume you have looked at that option through an IP? I have no personal experience of being in a DMP but have helped many that cannot meet the payments originally set.
Have you spoken directly to a Bankruptcy Specialist?
I note from a previous post in June that you were already in a DMP, is that still the case?
Good news that you have the interest frozen. I also note from that earlier post of yours that the current DMP will be paid within 10 years. If that is your preference then 10 years, compared to many,is not overly long if you consider that you would have paid your debts in full by the end.
So you have had expert advice regarding IVA and you have already explored the prospect and actually started a DMP. I think everyone looking at debt problems should explore every avenue, with an expert, or it's difficult to determine what's best.
Forum's are a great source of information and a source of comfort for many. I would still talk directly to a Bankruptcy expert even though you are in a DMP. A chat costs the price of a phone call and, at the very least, would give you the peace of mind that you have chosen the correct route for you.
There are a few of experts in BR on this website, you could contact one or two of them through their respective web site links.
iva no good dmp instead
Posted - 23 July 2008 : 19:08:41
