Bankruptcy or IVA

MalMonroe

sharpe106 said:

How long have you owned the home for?, have you remortgaged again?

Why?

fatbelly

craigmorgan said:

i will fill in the soa and post it here when done, thanks again

Yeah, do that, Craig. It's really helpful. All the relevant questions are answered by that statement

craigmorgan

We’ve owned the house for 15 years and haven’t remortgaged. We have a virgin one account which were told would get the mortgage paid off quicker but seems to have had the opposite affect. It is a mortgage and current account bundled together and still has the same balance as when we took it out 15 years ago. 

monetxchange

MalMonroe said:

craigmorgan said:

Just a query. Am I better to use national debt line or a financial advisor to sort all this out. I’ve been told national debt line are creditor focused and an IVA would probably triple after a few years. Thanks

If I were you, I'd contact StepChange, they helped me so much. Very knowledgeable staff and extremely non-judgemental. I'd not bother with putting any SOA on here, it's just wasting time and something that others can gawp at! (And THEN advise you to contact a debt help agency).  
PS Debt help agencies do not charge for their help. 

SOAs aren't a waste of time or for people to "gawp at". They're for people to advise on to help out the OP, particularly in situations like this one where the figures sound borderline as to what debt management option to go for.

I've seen you say this on a couple of threads now - if it's not your thing to post one, fine, but I don't think it's necessarily helpful to dissuade others from doing so when it may be in their best interests.

sourcrates

MalMonroe said 

If I were you, I'd contact StepChange, they helped me so much. Very knowledgeable staff and extremely non-judgemental. I'd not bother with putting any SOA on here, it's just wasting time and something that others can gawp at! (And THEN advise you to contact a debt help agency).  
PS Debt help agencies do not charge for their help. 

Most people who post here for advice, have no concept of existing debt solutions.
Its all new to them, so as debt solutions are circumstance dependent, it can give them an idea of what to be asking about, and the pro’s and con’s of each etc, stepchange can tell you how it works in theory, and get the ball rolling, but we tell you how it works in practice, through experience and knowledge.

Its best to get as much advice as possible in these situations.

sharpe106

As long as the advice is good who cares if people are being judgemental or not. Which on the whole I don't think to many are.