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Whats the best solution
lynney717
Posts: 1 Newbie
I have nearly £40,000 in loans, overdraft and credit cards. A company want to put a debt managment plan or IVA in place. I really am scared what this will mean for the future. Any advice???
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Comments
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Hi Linney
When you say a company who do you mean??? Please never take advice from a company that you pay for debt advice, instead use one of these organisations:
http://www.moneysavingexpert.com/loans/debt-help-plan#help
Who will do it all with or for you for free and are also generally looked upon more favourably by creditors.
We can give advice on your individual situation but need a lot more info first. Could you complete a statement of affairs (there is a caclulator at www.makesenseofcards.com) which will help us to see where your money is going and also see if we can help you make better use of the cash that is available to you.£34,547 (Dec 07); Current debt: £zilch (Debt free December 2010)
Sealed Pot #389 (2010=£133)0 -
Hi & welcome
Great advice for you from poorandindenial.I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.
Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
"A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
***Fall down seven times,stand up eight*** ~~Japanese proverb. ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
One debt remaining. Home improvement loan.0
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