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- Mon Nov 06, 2006 2:30 pm #112033 Hi,
Its my first time so please bear with me and help if poss......

About 16 months ago i took out an iva with my debts totaling around 50k, i have credit card defaults and personal loans totalling this amount.
I live in rented house so no equity there.

I have paid the iva each month up till three months ago and found it impossible to carry on, we just cant seem to live on whats left each month, i can only see that br is my only answer.

I have mentioned this to the company managing the iva who are no help at all, can sonebody assist with some advice what to do please.

were desperate so please HELP !!

- Mon Nov 06, 2006 2:48 pm #112045 it does sound like BR may be the option for you but you need to get professional advice, not least because you will be asked this when petitioning. Have you contacted your CAB, it needs to be a specialist debt adviser & there can be a waiting list. the National debtline or CCS are also able to advise you. oh & welcome to the forum.

PD

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- Mon Nov 06, 2006 3:09 pm #112057 thanks pd,

can you help with this question, "i have a car on hp, its prob worth 3000 with 4200 hp left to pay, the car is needed for the school run as kids school is 4 miles from home, would i loose the car

- Mon Nov 06, 2006 3:22 pm #112068 I would think this is likely but I'm not absolutely sure. Someone will be along to verify this. Is it HP or was it a loan agreement ?.


PD

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- Mon Nov 06, 2006 3:25 pm #112070 hi its on hp

- Mon Nov 06, 2006 4:21 pm #112110 HI you whould try & call CCCS or Payplan. The car depends on the HP company, remeber to them cash is king so they may say yes, the only downside is the OR may say no so could go either way