We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
IVA and a Sucured Loan????????
garyj123
Posts: 61 Forumite
Hi all, thinking about getting an IVA for my debt , and to cut a long story short i was just wondering if i can get an IVA set up as the biggest part of my debt is a loan which is a secured loan. I was told you can only have an IVA with unsecured debt?
Any advice would be grateful, thanks
[EMAIL="abuse@moneysavingexpert.com?subject=Reporting%20post%20http://forums.moneysavingexpert.com/showpost.html?p=12124351"]
[/EMAIL] 
Any advice would be grateful, thanks
[EMAIL="abuse@moneysavingexpert.com?subject=Reporting%20post%20http://forums.moneysavingexpert.com/showpost.html?p=12124351"][/EMAIL] 0
Comments
-
indeed so,
no-one will usually trade a secured loan with a part payment (i.e. an IVA) as with a secured loan they can force the sale of the property and get 100%
maybe if the property is in negative equity...0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards