debt help desperate

JUE73

my husband and i have about 55k in debt. i am currently not working as have four chilren one of which is a new baby. we are currently going through cccs on a dmp but one creditor has passed on our debt to directlegal who are being nasty. on dmp we wont be debt free for about 29yrs should we consider an iva please deperate

Tixy

Hi Jue and welcome

You are going to need to provide a lot more information to see whether an IVA is suitable or what other options you may have.

How long have you been on a dmp with CCCS? did they suggest an IVA originally? or did they tell you why they didn't feel an IVA was suitable?

Might be worth posting up your income & expenditure statement so we can see more about your situation using this link - http://www.makesenseofcards.com/soacalc.html.
Also might be worth a read of this guide - http://www.moneysavingexpert.com/loans/pdf-iva-guide.pdf

With regards to helping you with the directlegal debt - what is the situation with this debt? in what way are they being nasty?

Charco_2

How long have you been on a dmp with CCCS? did they suggest an IVA originally? or did they tell you why they didn't feel an IVA was suitable?

That's an interesting question!

debtinfo

another question, what do you have to protect, house, job vehicle etc and how much can you afford to pay