First Post and Step!

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James2299

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Post by James2299 » Tue Nov 17, 2009 7:16 pm
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Hello to all,

I have been browsing these forums for a while now and have found LOADS of great info, I have just this evening contacted Melanie Giles about starting an IVA.

I have 33k of unsecured debt (credit cards and a loan) which is causing many sleepless nights as well as teeth grinding which is doing the wifre head in!

we used to be able to scrape by paying the minimum each month unitil we had our first (and only so far) child where we began to struggle. i set up a DMP worth the CCCS who were great and did that for a year but most of my creditors would not stop charging interest and would have taken another ~10 years to clear the debt. I started thinking seriously about an IVA when Mercers started harassing me with phone calls letters and home visits as well as the 10+ letters a day demanding i pay the contracted amount.

wow I've waffled on a bit! wish me luck

James
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Cath

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Post by Cath » Tue Nov 17, 2009 8:09 pm
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Goo luck James you are in good hands. xxx
7 year IVA completed in December 2016 - there is light at the end of that tunnel
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kallis3

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Post by kallis3 » Tue Nov 17, 2009 8:24 pm
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Tell me about Mercers James! They were a nightmare for me as well.

Well done for taking that first step and you have chosen an excellent company.
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
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Shining

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Post by Shining » Tue Nov 17, 2009 9:45 pm
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Hi James and welcome to the forum, you've chosen a great IP to represent you, you're certaily in safe hands with Melanie and her team. I hope you keep posting and goes without saying we'll offer any advice and support you need. Good luck James and wishing you a smooth journey.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
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MelanieGiles

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Post by MelanieGiles » Wed Nov 18, 2009 12:14 am
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I am sure that we will be able to help you James, and I look foreward to speaking to you personally very soon.
Regards, Melanie Giles, Insolvency Practitioner
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size5

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Post by size5 » Wed Nov 18, 2009 11:02 am
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Interesting that your creditors wouldn't freeze interest through the CCCS, yet they are almost without exception the creditors recommended agency for helping with debts, especially on a DMP. I do see quite a lot of these cases, so you do have to wonder why the creditors would recommend someone and then refuse to freeze interest, ultimately making the whole arrangement pointless.

Regards.
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23+ years in debt advice
I do not post for anyone other than myself

Follow my tweets at http://twitter.com/debtmastersize5
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MelanieGiles

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Post by MelanieGiles » Wed Nov 18, 2009 1:14 pm
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We'll wonder that together over a beer on Saturday Mike!
Regards, Melanie Giles, Insolvency Practitioner
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size5

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Post by size5 » Wed Nov 18, 2009 1:54 pm
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Excellent!

Never been known to refuse.

Regards.
Cert DR
23+ years in debt advice
I do not post for anyone other than myself

Follow my tweets at http://twitter.com/debtmastersize5
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