We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
IVA Abroad
Options
Hi Newbie here!
Been browsing & seen some helpful comments so hoping a few may come my way now!
So, a few poor choices and a sprinkling of bad luck & I now have 70k of debt made up of -ve equity shortfall loan, credit cards student debt, heaps of charges etc
We knew we were struggling and so emigrated to where I could recieve a much better income...the plan was to sell house no probs nor profit, keep paying student loans, consolidate cards & with increased salary pay off outstanding debt within 2.5 years. The sums worked...however...this was just as credit crunch etc started...2008...card interest went ot 30%, pay was cut massively etc.
went on DMP whilst house sale sorted etc...currently will take 16 years to pay
if we came back I woudl have no job and we would have to go BR immediately & good new is my family are settled where we are.
Am i able to access an IVA whilst living & working away?
we are not extravagant...despite the above figure! But I am getting hopeless at ever being able to provide for my family, have a social life, buy a house again etc.
Any thoughts folks?
Many thanks
Been browsing & seen some helpful comments so hoping a few may come my way now!
So, a few poor choices and a sprinkling of bad luck & I now have 70k of debt made up of -ve equity shortfall loan, credit cards student debt, heaps of charges etc
We knew we were struggling and so emigrated to where I could recieve a much better income...the plan was to sell house no probs nor profit, keep paying student loans, consolidate cards & with increased salary pay off outstanding debt within 2.5 years. The sums worked...however...this was just as credit crunch etc started...2008...card interest went ot 30%, pay was cut massively etc.
went on DMP whilst house sale sorted etc...currently will take 16 years to pay
if we came back I woudl have no job and we would have to go BR immediately & good new is my family are settled where we are.
Am i able to access an IVA whilst living & working away?
we are not extravagant...despite the above figure! But I am getting hopeless at ever being able to provide for my family, have a social life, buy a house again etc.
Any thoughts folks?
Many thanks
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.9K Work, Benefits & Business
- 598.8K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards