IVA Advice needed!

danilily

Hi not sure if I'm posting in the right place so apologies if not. I'm looking for advice in regards to my current situation in 2006 I took out an iva to cover debts of around £26000 I paid into the iva for three years then couldn't meet the payments when I had my son as I was living on benefits and the iva failed now 4 years later I have begun receiving letters from a couple of DCA's regarding the smaller amounts owed. Today I called one of the debt charities who are trying to get me to begin another iva , which I am loathed to do after paying into my last one only covering there costs and making no dint on my debts. So where do I go from here any help would be appreciated!

PippaGirl_2

Hi Danilily, you would be better posting this on the IVA board which is here

dancingfairy

HI. 2 Suggestions for you:
1) get free advice from one of the debt charities such as National Debtline, or Stepchange or your local CAB.
2) consider maybe making very low full and final settlement offers, especially since you paid for 3 years the stopped for 4 years.

Best of Luck
df
Edit: are you in Scotland? the time for statute barred debts is 5 years in Scotland so your creditors would not legally be able to get money off you if you hadn't paid them anything for 5 years (assuming they hadn't got CCJs against you). It's 6 years if you live in England though.