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Debt management
HELP or ADVICE appreciatedBANKS LOSING MONEY [/B]thru IVA,s. I heard on the Radio yesterday, Banking Spokeperson meeting with Debt advisors to get around the IVA schemes etc. She said with regard to Bank Loans to speak to the lender for help in first instance. Is this a way for the lenders to get of loosing money by IVA's. I have a crippling loan with the Coop, £25000 with their insurance scheme taking it ti £30,000, repayment £496 per month for 7 years. It was a short term option for few months, but things have not worked out. I went to Coop for help, told them situation andf they said they cannot do anything, not even extend the loan or renogiate it without protection insurance. My income has decreased, not a lot, but less than it was. The computer will not allow cancellation of original in order to issue new one. This seems to be contrary to what this lady said yesterday. HELP or ADVICE appreciated 0
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Welcome to MSE!
Would advise you to go to CAB, or Pyplan or CCCS for help & advice.I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.
Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
"A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
***Fall down seven times,stand up eight*** ~~Japanese proverb. ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
One debt remaining. Home improvement loan.0
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