Advice needed please
jord01455
Forumite 17 Posts
Hi Everyone,
I've been talking to payplan regarding my debts that total 38k over 8 creditors, I've done the budget with them and theve come back to me with 2 options
1. DMP of £290 for 11 years or
2. IVA of £290 and a remorgage but I only own 20% of my house with my wife owning 80% due to her putting all the disposit down (we brought the house years ago and never changed it)
My debts are
Bank 24k inc loan and CC
CC2 3.3k
CC3 1.9k
CC4 1k
CC5 1.5k
Loan 6k
Store card £700
The question is which way do I go?
I've been talking to payplan regarding my debts that total 38k over 8 creditors, I've done the budget with them and theve come back to me with 2 options
1. DMP of £290 for 11 years or
2. IVA of £290 and a remorgage but I only own 20% of my house with my wife owning 80% due to her putting all the disposit down (we brought the house years ago and never changed it)
My debts are
Bank 24k inc loan and CC
CC2 3.3k
CC3 1.9k
CC4 1k
CC5 1.5k
Loan 6k
Store card £700
The question is which way do I go?
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