Well two years in and although we struggle some months i work all hours god sends to get a little extra, 2 years down and we have managed to hand over another £3K with the 50% rule and it feel great to do so, i see all the posts regarding PPI claims and there are some that feel that because they wont see it they cant be bothered, well we dont, anything extra we can give back we will, i have spent hours filling in forms, doing research and emails to and from with calls etc etc, first claim awararded today for £13500!! yes £13,500!! we realise now that we got into a mess due to paying nothing but PPI and interest for up to 10 years on credit cards etc and 2 loans (both of which were paid in full nearly before we started the IVA). We wont see a penny i know, but the feeling i have today is one of WOW, look what we have done, the wifes 12 year old car is on its last legs, the bathroom is desperate to remodel due to a leak last year and now mouldy so having just the money that would have been paid to the claims company if we let them do it would be nice (around 4K) but we know we wont get a penny, its still nice to know we have increased our dividend and there is another 14 claims to come although they wont be anywhere near this amount its still nice, I just hope our creditors and our IVA company look favarable on the extra we have tried to do with my overtime and the claims as we just found out a few days ago that we will be having another baby [:D] we are over the moon but a little worried that we wont get the help we might need in our hour of need now, our outgoings will increase of course, we downgraded the wifes car to a small banger before the IVA started thinking this was what we had to do! wish he had not done that because it is not big enough and a rusty heap just passing its MOT with more to spend but again we wanted to help and perhaps we are too honest, we know another couple in an IVA and they have a caravan and go on holiday, where as we have spent the last 2 weeks (our summer holiday) at home doing stuff on days out locally because we cant afford the extra fuel, our son is 8 so we will have to start again not sure how we will manage getting a cot/pram etc but im sure we will find a way it just does not stop the worry about a review or revision that might be needed. So there we have it, We are getting some nice amount of payments back and wont see a penny but we are so happy to have done it and the only negative i can see from all of this is that I wont get the £50 spent on Postage stamps/paper/printer ink etc so life cant be that bad, im grinning [:D]
Took The plunge and made the call, changed our family life and we have never been happier. Debt free and wont go back..... IVA was by far the best thing we ever did to teach us the real value of Family and money
