please help

diane118

hi please could some help me to help my daughter she is on a DMP at the moment and has been for about 1 and a half years her husband is pays around 700 a month on his loan and 2 credit cards which he is paying the minimum on the credit cards each month and can just afford the loan each month.
They have equity in there house and were thinking of remortgaging and doing an IVA lump sum to pay off there debits would the beable to get a remortgage under these curcumstances the have a mortgage for 103k and they want to get an extra 28k added on i think the earn around 40000 between them a year by the way her husband is self employed.

stebiz

I can see how you are worried about your daughter and SIL, but is it really the best thing to do, to lump unsecured debt onto the house.

Have they arranged the DMP themselves? The chances are their credit record is bad anyway, so could they simply not pay less each month? Are they just paying the interest on the cards? If so, they really need to rethink their way forward?

_Andy_

Realistic property value?