Debt advice - Jumped the gun with IVA, Relationship complication

sourcrates

stuckinarutt2025 said:

The payment I was going to make to Pay Plan in the IVA was £61.00.

An IVA for £61 per month !!

If there is even an outside chance of your relationship faltering and the house having to be sold, you don`t want to complicate matters with an IVA, but as a homeowner your options are very limited, especially with virtually no disposable income to pay debts with.

I would go with the token payment or no payment option for now, write and tell your creditors your situation, you can show them a copy of your budget, ask them to suspend or stop all interest and place accounts on hold for 3 months, after which you will update them.

Maybe by then a better plan can be formulated??