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IVA's

thewad
thewad Posts: 348 Forumite
Part of the Furniture 100 Posts Combo Breaker
For CC's to agree to an IVA what %age of the debt do they like to see being paid back each month?
Currently owe approx 60K on 5 cards and am struggling a bit due to the the phone not ringing with work anymore.
Do they require so much per £1000 or something?
Could afford about £700 per month at the moment but once work starts coming in could possibly up it to about £1000.

John
If God didn't want us to eat animals, why did he make them out of meat. :beer::beer:

Comments

  • maxmycardagain
    maxmycardagain Posts: 5,853 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    are you going thru an agent? if so leave it to them to sort
  • thewad
    thewad Posts: 348 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    top of the page
    If God didn't want us to eat animals, why did he make them out of meat. :beer::beer:
  • MIVAA
    MIVAA Posts: 124 Forumite
    Sorry thewad,

    by saying 'top of the page' do you mean CCCS where you said CCs ?

    MIVAA
  • doelani
    doelani Posts: 2,576 Forumite
    Part of the Furniture Combo Breaker
    thewad wrote: »
    For CC's to agree to an IVA what %age of the debt do they like to see being paid back each month?
    Currently owe approx 60K on 5 cards and am struggling a bit due to the the phone not ringing with work anymore.
    Do they require so much per £1000 or something?
    Could afford about £700 per month at the moment but once work starts coming in could possibly up it to about £1000.

    John



    have you spoken to any of the debt charities yet ? Also do you have a home to protect or a job ? An IVA is not suitable for everyone.
    TOTAL 44 weeks lose. 6st 9.5lb :T
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