Thinking of an IVA......any advice?

randomstufflady

Any advice greaty apprecaited

worried_jim

Don't do it.

randomstufflady

Any details to add to that?

tigerfeet2006

Post on the IVA & DRO board for advice from people who have been through the process.

http://forums.moneysavingexpert.com/forumdisplay.php?f=159

RuthnJasper

OP, I am in the final few months of mine. It's been a very long slog - but I don't regret it.

Make sure you consider it carefully though - IVAs are not for everyone and it depends on your circumstances. And be CERTAIN to use one of the IVA providers who don't charge hefty fees for the "privilege" - any reputable debt advisor (I strongly recommend the CAB - http://www.adviceguide.org.uk/england/debt_e.htm) should be able to offer some impartial advice.

It's difficult to offer more than this, not knowing about your circumstances, income and level of debt. It IS a big decision to make, and not an easy one - but it was the best thing for me. Here is a link to my blog entry for the day when I signed the IVA papers - http://jasper-thedogsblog.blogspot.co.uk/2008/10/saturday-28-july-2007.html

Good luck OP; hope things work out for you whatever you decide to do. xx

randomstufflady

Thanks everyone