Hi Stewpots, I'm in an IVA for the worst reason; I was greedy and bought too much stuff. So I certainly don't sit in judgement on anybody with debt. I felt sorry for myself and angry for a long time when I entered the IVA but the more you accept responsibility the easier it becomes to live like this. The acceptance came when I realised I was doing this for me and my future primarily not for my creditors. And I understand completely that creditors are not blameless, I'll take your 23% from MBNA and raise you 43% (same bunch of crooks). It wasn't my intention to make you feel like a low life; it's ironic because this stigma do angers me I blogged about prejudice last week!
You should have spoken with Melanie as she's lovely and would have been more than happy to meet you Stewpots.
I got into debt over many years due to my financial mismanagement. I didn't expect to sort this overnight, so 5 or even 6 years to me is a relatively small price to pay out of my lifetime to be given a second chance to be debt free. My creditors agreed with my IP the fees concerned and I don't begrudge a penny of the fees paid, I personally feel my IP does a grand job and is always there above and beyond for me if only to reassure me when I'm having problems.
I'm going on holiday courtesy of my MIL and did run this by my IP and was told to go an enjoy which I am doing 3 weeks today. x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
I went on holiday courtesy of my daughter last year and I didn't inform my IP at all. It made no difference to my payments.
You can still have a life and be in an IVA.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Broke of London wrote:
Hi Stewpots, I'm in an IVA for the worst reason; I was greedy and bought too much stuff. So I certainly don't sit in judgement on anybody with debt. I felt sorry for myself and angry for a long time when I entered the IVA but the more you accept responsibility the easier it becomes to live like this. The acceptance came when I realised I was doing this for me and my future primarily not for my creditors. And I understand completely that creditors are not blameless, I'll take your 23% from MBNA and raise you 43% (same bunch of crooks). It wasn't my intention to make you feel like a low life; it's ironic because this stigma do angers me I blogged about prejudice last week!
Thanks for that.
Maybe I need to calm down a bit and dont want to come across as a ungreatful lying s***
I feel like I have just come out of a life saving operation and have a small limp but am totally focus on how unfair it is to have the limp.
Skippy wrote:
OK, the industry makes a lot of money, but the majority of people employed in the industry are extremely hard working do earn their money.
IP fees are ultimately decided by creditors, and anyone using a professional, be it IP, solicitor, accountant is going to pay for their services.
Yes , I have no issue with that.
Regarding the event
Maybe a case study along the lines by doing this we saved 200 jobs etc
It was my 'opinion' of the event.
I have worked with people who would think it odd not to be working on their blackberry at 7am while on holiday. Others who 'expect' the report by 10pm sunday.
Hi stewpots, the creditors know they are in the wrong...hence the sackings, the calls for the FSA to grow a pair and the changes to the code of lending practice. This has to be enough as you'll never get an apology.
I always think about it as they gave me the rope and I hung myself with it...ultimately the greater portion of blame rest with me.
There are guidelines in place now to protect against the worst practices of the credit cards such as hiking interest rates on impaired accounts and increasing balances without a request from the cardholder and an affordability check. Doesn't help us but does show they have learnt from their mistakes.
I am sorry that you did not enjoy the awards dinner Stewpots, and would love it if you would share with us who you are and what you actually do in the industry.
The awards night was very biased towards corporate insolvency, and I agree that often the big players in that market can come across in an arrogant fashion appearing to have little regard for the common man. Those of us who tired of that process, voted with our feet and moved on. Having worked for the early part of my career for a big 4 firm on large corporate insolvencies, and seeing the sheer mismanagement of business that can be created by greedy and incompetant company directors, can make one cynical and opinionated - and I suspect you saw a little of that the other evening - however every person working in this industry at the moment is working incredibly hard, under enormous fee pressure - and sometimes we ought to be allowed to take a little time out for ourselves, take the mickey out of each other - yes, friendly rivalry and banter exists very much in this world - and celebrate some successes.
It is sad that your own personal experience seems to be providing you with your current views. Most of those organisations present on Thursday night do an enormous amount of charitable work in their local communities behind the scenes as well.
MelanieGiles wrote:
I am sorry that you did not enjoy the awards dinner Stewpots, and would love it if you would share with us who you are and what you actually do in the industry.
The awards night was very biased towards corporate insolvency, and I agree that often the big players in that market can come across in an arrogant fashion appearing to have little regard for the common man. Those of us who tired of that process, voted with our feet and moved on. Having worked for the early part of my career for a big 4 firm on large corporate insolvencies, and seeing the sheer mismanagement of business that can be created by greedy and incompetant company directors, can make one cynical and opinionated - and I suspect you saw a little of that the other evening - however every person working in this industry at the moment is working incredibly hard, under enormous fee pressure - and sometimes we ought to be allowed to take a little time out for ourselves, take the mickey out of each other - yes, friendly rivalry and banter exists very much in this world - and celebrate some successes.
It is sad that your own personal experience seems to be providing you with your current views. Most of those organisations present on Thursday night do an enormous amount of charitable work in their local communities behind the scenes as well.
Of course people can have a good time , no worries re the few dancing the Casino etc
Just the overall ‘Event’. My view of that wouldn’t alter whether I went now or 10 years ago.
I’m sure there will be some changes next year.
I was ‘invited’, think I was 5th choice!!.
I obviously do some work in the industry but am of course not an IP .
It would have been nice to have some ‘case studies’
