Help With Proposed Iva

SAGWALA_3 · 17 April 2008 at 7:57PM

My IVA was proposed at £200 per month for 60 month then lump sum £12500 from house (Total debts circa 48k). Main creditors came back asking for increase per month to £396.This seemed excessive and my IP has managed to get them down to £300. However, my IP has followed the correct guidelines for outgoings and I am struggling to find the additional £100 that the creditors have asked for. We offered £260 per month as a revised figure but this was rejected. Any help or suggestions would be greatly appreciated. I have yet to make my mind up on what to do?

poorandindenial · 17 April 2008 at 8:03PM

Here is a link to your other post: http://forums.moneysavingexpert.com/showthread.html?t=865563

Post your SOA on here (use this website to make sure you include everything) if you can't afford what is being demanded then you shouldn't be setting up an IVA for that amount, you really need to think about this very carefully.

Fill out the SOA and then copy and paste into this thread and people on here will be able to help you save money.

Also speak to one of the free to use debt advice charities, they will be able to give you a realistic picture ofyour options, details of them are here

Help With Proposed Iva

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