Some advice please...

scbfung

hi shell

you may find out what you can save extra from your household the best thing to do is to sit down and get the plan out , i know people do those plan for free.

anyway then you find out the extra 10 -50 pounds per month then start clearing your debt 1 by 1 with the highest interest first .

After clear 1st one then put the whole amount of extra cash to clear the second one and by doing that you will clear your second debt a lot quicker.

In the mean while i think discipline to save money is very important.

let me know if you need more help .

mrelephant_2

When you enter an IVA at an arranged repayment, does this repayment remain the same over the term of the IVA? or is your income/outgoing expenditure re-assesed every so often and the re-payment figure re-calculated?

For example:

As and when your wage goes up, or outgoings reduce, for example if paying child maintenance at time of taking out IVA comes to and end 2yrs down the line, are you then expected to use this to increase your IVA repayments?.

Can anyone with IVA experience please advise


Derek

No1Alicat

I agree with some other posters - it's really worth you having a long hard look at how you run your utilities as your gas and leccy are very high. Have a look through the boards for ideashow to cut bills. Also your water -are you on a meter? Mine's £13 a month for me and 2 kids!
I hate to say this but I also seriously think packing up smoking is the way to go. I packed up because I couldn't bear to think of all the things that my kids were going without just to enable me to continue with my filthy habit. I know that sounds harsh, but the saving would make a significant difference to your quality of life and how quickly you get to be debt free.
Good luck!
Alison