IVA for the self employed

Emmzi

Mike,
Savings good!! But if your income rises in January, do you need to do a DMP at all? Could you live on bare bones until the end of the year, and then throw extra money at the debt?

I would also work out what this money is costing you.

Do you have amounts outstanding and APRs?

You can put them into the snowball calculator at http://www.whatsthecost.com/snowball.aspx

If you weren't going to do a DMP (got more income before November.. or were able to get by until January) it'll give you an idea of how long it'll take to repay, and what order to do it in.

Wonder_Girl

Somebody called? :A

Emmzi

bump!!

Mike, here she is!!

mike1976_2

Cheers Emmzi

I PM'ed her. She really is a Wonder Girl ... and so are you for putting me in touch with her.

Thanks again Emmzi. I'll pop back on with an update as time goes on.

My mind is a lot more at ease.