I know i got myself into this mess and i am taking control but want the constant worrying to stop - signed my IVA proposal and sent it back yesterday and making my token payments (which makes me feel so embarrassed)- just feel like i have let my daughter and mum down...... sorry for the moan just haven't really got anyone to talk to about it all. So worried they won't accept my proposal or insist on more money which i just couldnt afford.
I know exactly how you feel my creditors meeting is this morning and I'm worried it won't be accepted as well you will get a lot of advice and support from this forum as we are all in the same boat I know it's easy to say don't worry and you haven't let anyone down you are now doing something about it and that's the hard part and in 5 years you'll be debt free
Making the decision to deal with your debt is a very courageous and responsible step. Please don't feel like you have let anyone down - I felt like that and couldn't talk to any of my family about it as I felt ashamed too. I eventually confided in a friend of mine who told me that she had been through bankruptcy. She has since become very sensible with money and I feel that I am now doing the same. It certainly helped to have someone to talk to - especially during the scary times - and hopefully you will find someone you can confide in.
Try not to worry too much. They will look at your expenses etc and would not make you pay more than you could afford. I actually find that (with help from a sensible budget) I can now buy things for my kids and a little treat now and again for myself, where as I couldn't before because I was paying so much in charges etc.
I have also changed the way I look at money - a pound is no longer just a pound, it's a loaf of bread or a bottle of milk.
I really hope your proposal is accepted - I am sure, if you have had guidance from your IVA company, that they would not put it forward if they thought it would fail. This is the worse part, so just keep telling yourself that you are on the road to taking charge of your life!
Fingers crossed for you,
Jennie. X
Thank you it does help knowing there are people who understand - i have all my fingers crossed for you Sally 1966 - and will continue to try to keep positive about taking control.
Thanks Emmaeday it was approved I know it's not going to be easy but its got to be better than it has been. I know it's a worrying time I've had a permanent knot in my stomach for weeks so please try not to worry x
Best of luck from me too. There is nothing to be embarrassed about and you have let no one down. I am sure your IP would not put the proposals forward if he/she did not believe they would be accepted. Let us know how it goes.
Hi emma.
The scariest point is the nights before you make the calls to start this process off.its hard but ive got tp aee my iva as a household bill rather than a debt. It helped me with the guilt for ending up there. Ive got 3 more payments to make and yes I still feel annoyed with some of the bad choices ive made but ive moved forward and am trying not to dwell. I cant change the past but I cam determine my future. Id advise you to think of the future...and yes you will become ocd about money but the difference is you wont be building up debt just to live. I love paying by cash it is such a relief to have money in my purse from my wages and not a credit card cash advance. Good luck for your meeting xxx
Sally congratulations on todays news and good luck for the future.
Clairem xxxxxxx
Good luck Sally, stop making those 'token; payments, they wont make any difference. Save the money, tuck it away and leave it for an IVA emergency which will invariably happen.
Good luck on your journey, Sally, It's a hard road but very worthwhile. Fingers crossed for you Emmaeday. Try not to worry, everybody feels like you do at the beginning and as others have said, your IP wouldn't put the proposal forward if he didn't think it would be accepted.
Congratulations Sally!!
Emma, I remember all these feelings of doubt and guilt all too well. You've done the worst now by admitting that there's as problem and picking up the phone. Your IP knows what there doing and wouldn't be putting it forward if they didn't feel confident in it being accepted. Your not alone in this. The forum is always here as we have found over our journey. Good luck and keep us posted.
Hi Emma
My proposal was accepted week last Friday and I can not explain the immense relief you get. My husband has already comnented on how different I am as my head feels empty no money worries. It took 10 weeks from actually admitting I have a problem to the IVA being accepted. Even just talking about the problem at the beginning was such a relief. I stopped paying all my creditors at the beginning it was strange at the beginning but glad I did as it has helped me to save. Most of them were ok about it. You will worry right up to that last minute you get the phone call, I did convinced myself it was going to fail. But apart from two creditors rejecting it the majority accepted. Your IP won't put it forward if they didn't think it had a good chance of being accepted. Good luck on your debt free journey xx
I agree with mole . Stop making the token payments . We paid the token payments right up to the start of the IVA ...and then realised that it would have been better to save them away for a rainy day on the IVA journey .
Just to let you know that there are thousands of people out there with money problems you are not on your own. Just to be realistic though We went into an IVA in June 2006 and made a final settlement in april 2012 we have still not got our completion certificate. So you may have longer than 5 years depends on the amount of your debt. We have been to hell and back as during the period when we were paying our daughter died. Can you imagine what it was like not to have any money to pay funeral expenses. Lots of other things have happened too. It is not any easy time but eventually you will come out of it in the end. Thinking of you you must be strong
