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IVA or Not 20k Debt
hannah814
Posts: 3 Newbie
Owed To Amount Monthly payments
Egg £11,234.00 £236.00
Virgin £3,200.00 £123.00
Halifax £1,813.00 £60.00
Lloydstsb £761.00 £60.00
RFS £3,100.00 £125.00
TOTALS £20,108.00 £604.00
I bring home £1163 per month.. I also have £45 for phone bill and £28 car insurance.
I transfer £400 to another account and I get my petrol from that which on average = £170 per month. I only use my car getting to and from work. I have no house and partner won't put me on the mortgage whilst I have this debt.
Getting really concerned that if anything happens, I iwlll have no rights and be homeless as will not be able to afford to live on my own.
I am 25, no kids. Please any advice would be welcomed.
Egg £11,234.00 £236.00
Virgin £3,200.00 £123.00
Halifax £1,813.00 £60.00
Lloydstsb £761.00 £60.00
RFS £3,100.00 £125.00
TOTALS £20,108.00 £604.00
I bring home £1163 per month.. I also have £45 for phone bill and £28 car insurance.
I transfer £400 to another account and I get my petrol from that which on average = £170 per month. I only use my car getting to and from work. I have no house and partner won't put me on the mortgage whilst I have this debt.
Getting really concerned that if anything happens, I iwlll have no rights and be homeless as will not be able to afford to live on my own.
I am 25, no kids. Please any advice would be welcomed.
0
Comments
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Owed To Amount Monthly payments
Egg £11,234.00 £236.00
Virgin £3,200.00 £123.00
Halifax £1,813.00 £60.00
Lloydstsb £761.00 £60.00
RFS £3,100.00 £125.00
TOTALS £20,108.00 £604.00
Sorry layout wasn't that understandable before0 -
With a debt of 'only' £20k an IVA is not likely to be your best bet. Likelyhood is on a DMP with a bit of belt tightening you could be debt free in no more than 5 years.
Post an SOA and people will give you some great help on areas to cut down relatively painlessly. Contacting CCCS or Payplan is a great move.Debt as at 12th July 2006 - £61,345 :eek: :eek: :eek:
Debt free 21st Oct 2011.
All thanks to :money:0 -
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