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Re: CCJ

bluemonday3
bluemonday3 Posts: 232 Forumite
Part of the Furniture 100 Posts Combo Breaker
in Debt-free wannabe
Hi

Looking for some advice as feel like I'm drowning...
I'm Currently in a DMP with CCCS but as this is set to last at least 19 years I have applied for an IVA via CCCS.
I have not heard anything yet re the IVA but today received county court papers re my large loan debt.
CCCS just told me what to put on the form and send this back.
I am anxious that I will be asked to pay more than I am doing on the DMP and worried about my house etc, as the loan company is also my mortgage provider.
The loan is unsecured.
Any advice would be really appreciated.
«1

Comments

  • bluemonday3
    bluemonday3 Posts: 232 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Thanks will give that a try
  • 10past6
    10past6 Posts: 4,962 Forumite
    edited 9 April 2010 at 9:28PM
    Do be very, very, very, very, very careful about entering into an IVA, take a look at board guide “fermi” signature, tbh, an IVA should be your very, very last resort, you have many options open to you prior to entering into an IVA.

    It's very easy to make the “quickest” decision when drowning in debt, however, the “quickest” decision is not always the best
    Click here for Martins (MSE) advice on who to contact with Debt Issues - YOU HAVE NO REASON TO USE A FEE PAYING DEBT MANAGEMENT COMPANY- THEY CANNOT DO ANYMORE FOR YOU THAN THOSE LISTED IN MY LINK ABOVE.

    All information given by myself is offered informally and without prejudice - if in doubt seek help from a qualified and insured professional
  • bluemonday3
    bluemonday3 Posts: 232 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    I have no other alternative then but bankruptcy and not thats an option either as worried it will affect my job, will check out the guide though..
  • 10past6
    10past6 Posts: 4,962 Forumite
    bluemonday3 wrote: »
    I have no other alternative then but bankruptcy
    And that's based on?
    Click here for Martins (MSE) advice on who to contact with Debt Issues - YOU HAVE NO REASON TO USE A FEE PAYING DEBT MANAGEMENT COMPANY- THEY CANNOT DO ANYMORE FOR YOU THAN THOSE LISTED IN MY LINK ABOVE.

    All information given by myself is offered informally and without prejudice - if in doubt seek help from a qualified and insured professional
  • bluemonday3
    bluemonday3 Posts: 232 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    That I can't bear to imagine 19 years on a DMP....
  • 10past6
    10past6 Posts: 4,962 Forumite
    bluemonday3 wrote: »
    That I can't bear to imagine 19 years on a DMP....

    I would still advise you to consider all your options, seek as much independent advice as possible, only then will you know if an IVA is applicable for you.

    Don't take the word of CCCS, or any other DMP agent ;)
    Click here for Martins (MSE) advice on who to contact with Debt Issues - YOU HAVE NO REASON TO USE A FEE PAYING DEBT MANAGEMENT COMPANY- THEY CANNOT DO ANYMORE FOR YOU THAN THOSE LISTED IN MY LINK ABOVE.

    All information given by myself is offered informally and without prejudice - if in doubt seek help from a qualified and insured professional
  • bluemonday3
    bluemonday3 Posts: 232 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Thanks, will take another look at what I can do..
  • PNPSUKNET
    PNPSUKNET Posts: 4,265 Forumite
    iva may effect your job in the same was as been br as its a formal form of insolvency
  • 10past6
    10past6 Posts: 4,962 Forumite
    bluemonday3 wrote: »
    Thanks, will take another look at what I can do..
    I'm not trying to dissuade you from an IVA, but just want you to check one is applicable to you.

    IVA's only apply to a very, very small % of people, do confirm you are within the small %
    Click here for Martins (MSE) advice on who to contact with Debt Issues - YOU HAVE NO REASON TO USE A FEE PAYING DEBT MANAGEMENT COMPANY- THEY CANNOT DO ANYMORE FOR YOU THAN THOSE LISTED IN MY LINK ABOVE.

    All information given by myself is offered informally and without prejudice - if in doubt seek help from a qualified and insured professional
  • bluemonday3
    bluemonday3 Posts: 232 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    I appreciate your advice, I just want to see light at the end of the tunnel and have had conflicting advice.
    I maybe naively thought that CCCS would help me with the best option for me.
    Though TBH I'm not sure would be accepted with an IVA as the loan company is my largest creditor...
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