Advice needed please

cherrypie556

Between myself and my husband we have debts of nearly £26k. He is self employed, im a student we have 4 kids and do not own our own home. He has a van for work and i have a car for uni (which we both NEED) We are struggling each month to pay everything, have defaulted a few times on various debts and don't have enough money for food. What can we do? Can we get an IVA if we don't own our own home?

loopylass81

I have an iva but dont own my own home so yes you can.

cherrypie556

Thanks, thats good to know.

Nick700

Good afternoon,

There are not many requirements to be eligible for an IVA, however you ought to consider other options too such as bankruptcy and a Debt Management Plan.

My advice is to contact 2-3 debt advice companies and ask them to discuss all the options with you before deciding on the right solution and the best company to help you.

Kind Regards,

Nick

Charco_2

Just to add, when speaking to the various companies, dont pay any of them a penny - the advice should be free - they'll get paid when they provide a service/solution!