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Hi,
I'm looking into getting an IVA and I don't know an awful lot about it - never been in this situation before. I've seen on another forum people saying not to get IVAs, but others say do. I have around £6500 worth of debt currently, and one of my co-workers suggested I do the same as her, and put all my debts together and just do one monthly payment. My debts are from council tax, unpaid student overdraft and a payday loan. I've been looking online and researching and it sounds like the best thing for me but I've seen some people say not to do an IVA and I'm wondering why not? I am only earning less than a grand a month currently, so I cannot afford to pay them off any other way. I was going to ring these ******to see if I can be approved for one but would appreciate some info on whether its the best thing to do or if there's an alternative that might be more appropriate?
Any help is appreciated. Thank you
Mel
I'm looking into getting an IVA and I don't know an awful lot about it - never been in this situation before. I've seen on another forum people saying not to get IVAs, but others say do. I have around £6500 worth of debt currently, and one of my co-workers suggested I do the same as her, and put all my debts together and just do one monthly payment. My debts are from council tax, unpaid student overdraft and a payday loan. I've been looking online and researching and it sounds like the best thing for me but I've seen some people say not to do an IVA and I'm wondering why not? I am only earning less than a grand a month currently, so I cannot afford to pay them off any other way. I was going to ring these ******to see if I can be approved for one but would appreciate some info on whether its the best thing to do or if there's an alternative that might be more appropriate?
Any help is appreciated. Thank you
Mel
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