Thanks for your reply I have been on the CCCS website and filled in my details applying the above formula and i have roughly £190 left and their site is suggesting an IVA. We have approx 35k equity in the house. We have looked at remortgaging (I know may on here say don't turn unsecured into secured debt) but its not looking likely anyway as we have been turned down by 2 lenders now. Thanks for the link but i cannot get it to work axxo

Any of you kind people have any experience with my questions ? Many Thanks

Hi Can anybody offer any advice on the following scenario I owe 28.5K (2 loans totalling 20k, 1 credit card 6k) my hours were cut at work approx 6mths ago and i have struggled along until now and its getting me down so i feel i need to do something about this financial mess im in. Husband has a loan and credit card and never misses a payment and he can afford these with enough money left for us to just about live on but not enough to help me pay my loans. We also have a joint overdraft of 5k I have looked at an IVA for me only as we would like to keep my husband clear of any defaults if possible incase we need any credit agreements in the future. I'm not sure when putting down joint responsibility for things like the mortgage ie how much i should pay ? The mortgage is £500 each month so do i put down £250 as my share and is everthing worked out 50/50 or should it be a percentage based on my earnings compared our overall income ? for example say he earns £1500 and i earn £500 the total income is £2000 and my income contribution is 25% hence should my mortgage contribution be 25% ? Hope this makes sense !! Also how do we go on with the joint overdraft as i want to go into an IVA and my husband does not want to ? He cannot afford to pay this if the bank demand immediate payment as i suspect they will ? And finally our mortgage is up for remortgage in 2 years time - How easy will it be to get a decent mortgage rate with me on an IVA ? thanks in advance