Serious debt is IVA the best option?

zebedee8

Please can someone advise me. I've just worked out how much debt i'm in, wife's just found out and being very supportive but obviously angry. Outgoings are same as incoming. Considering IVA but not sure if it's the best option. Any advice please.

brownie2

Hey. You're best bet is to go over to the dfw board. The people on there will be able to advise you on your best course of action. Put together a SOA, statement of affairs, which list your incomings and outgoings every month and alos list the oustanding debt and the aprs. Post it on the dfw board and you'll see things reduce in no time. Also have a look at https://www.whatsthecost.com. This is a snowballing method where you list your debts, aprs and will give a clear indication of how long it'll take to pay off. Hope this helps, and welcome!