confused- conflicting advice

mistrey

Hi

Please can somebody help me, I have rung both CCCS and National Debt Line and got completely conflicting advice from them. My husband has £23000 of credit card debt whilst I have none. I have always kept up all my bills etc as has he but he is forever just paying off the minimum payments then using that credit to survive the next month. Recently we had a baby and our costs have drastically escalated and he can no longer afford to pay his credit card debts. As it is I pay all the bills, rent etc apart from TV licence and cable bill.

CCCS have said that he needs to do an IVA and put him through to a company that have told him that he will only have to pay £165 a month payments as opposed to the £700 he currently pays. Hoowever NDL have said that an IVA shouldn't be an option and that he should either try to self negotiate the debt with his creditors, do a DMP or go bankrupt as an IVA isn't realistic in our situation. The man at NDL seemed to think that the IVA company just want to make money.

Who is right? What do we do?

HappyMJ

They are both right. They are just people really with an opinion and a different set of trigger levels for each solution so each is correct. It's up to you as to which way you would like to go.

You'll probably get the same on here half will recommend 1 solution and the other half will recommend the 2nd solution.

dojoman

Give the CAB a call, they are usually very good at explaining your best option.

https://www.citizensadvice.org.uk/

broxiebear1

dojoman wrote: »

Give the CAB a call, they are usually very good at explaining your best option.

www.citizensadvice.org.uk/

i agree with dojoman give cab a call or even better get an appointment with them and explain what ccs and ndl advised then you will know which road to go down
good luck
broxie

immoral_angeluk

From what I've been told CCCS refer to Grant Thornton for IVAs, HOWVEVER, I've also *heard* that they are getting a bit... well... 'computer says no'ish. They have a set computerised assessment process and there's no diverging from that with personalised options etc. (CCCS, not Grant Thornton)

I would suggest getting a 3rd opinion from CAB. You need to think about the pros and cons of everything. IVAs are generally only used to protect assets or where there would be severe consequences in going BR, and are rarely actually suitable. What reasons did CCCS give you to say an IVA was a good option?

fatbelly

Not enough information here to form an opinion.

How about doing a statement of affairs? Calculator here