Debt advice

JTaylor82

Hi just after a bit of advice regarding my debts. In quite a bit of debt  been like this for over 5 years or so.
My debts are quite large  39500 total.
I have had a plan in my head regarding these debts for some time now but i just want to make sure we are doing the right thing.

In the last 5 years  we have completely changed are ways in terms of budgeting as i and my partner was really out of control with spending. 

For the past 5 year we have paid our  5 creditors  £10 each  only 2 got sold on  all defaulted over 5 years ago.  I have managed to save 25k over this time some of it I inherited.

We want to buy a house in the next year  when my credit file is clean.
Would  continuing as i am for a couple years with the small payments and  go in a iva in a few years time  be an option
any advice would be great. 

Cheers

fatbelly

I can't see any reason why it would not be an option. That's not to say it would necessarily be the best one.

Maybe get your accommodation sorted and reassess things then.

JTaylor82

Cheers
Ive thought about settling the debts with the money i have. The problem is im almost 40  its now or never to buy a house.
 If i do buy a house in  6 month or so all being well  would the creditors not say were have you got your money from
Cheers