We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 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 or DMP??
Options
Hi,
I am in a quite considerable amount of debt (not through frivolity but a career plan that changed) as documented here: http://forums.moneysavingexpert.com/showthread.html?t=1245793
After doing much research, I'm now at the point where I don't think bankruptcy is the best option for me. I am now strongly considering a free DMP. However, I was just wondering if, looking at my circumstances, a DMP would be refused and instead I'd be advised that an IVA would be better...
I have already filled in a budget sheet from the national debtline people, and it would seem that I fit the criteriafor a DMP, but due to the large nautre of the loan, I don't know if a DMP would be accepted.
Any ideas?
I am in a quite considerable amount of debt (not through frivolity but a career plan that changed) as documented here: http://forums.moneysavingexpert.com/showthread.html?t=1245793
After doing much research, I'm now at the point where I don't think bankruptcy is the best option for me. I am now strongly considering a free DMP. However, I was just wondering if, looking at my circumstances, a DMP would be refused and instead I'd be advised that an IVA would be better...
I have already filled in a budget sheet from the national debtline people, and it would seem that I fit the criteriafor a DMP, but due to the large nautre of the loan, I don't know if a DMP would be accepted.
Any ideas?
0
Comments
-
Do you own your home or do you rent?
:j :j
0 -
fiveyearplan wrote: »Do you own your home or do you rent?
I rent a room in London.0 -
you need to post a SOA before anyone can give any advice about such as important step.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.9K Work, Benefits & Business
- 598.7K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards