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.

IVA's

thewad
thewad Posts: 338 Forumite
Part of the Furniture 100 Posts Combo Breaker
in IVA & DRO
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: 5,804 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
    Now we all know how it felt to play in the band on the Titanic...
  • thewad
    thewad Posts: 338 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
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

Categories

  • All Categories
  • 347.2K Banking & Borrowing
  • 251.6K Reduce Debt & Boost Income
  • 451.8K Spending & Discounts
  • 239.4K Work, Benefits & Business
  • 615.3K Mortgages, Homes & Bills
  • 175.1K Life & Family
  • 252.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 15.1K Coronavirus Support Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture