Also, how is it with an IVA? How does it effect your way of life? I understand i will need to be a good boy from now on, and i want to payback what i can.
Do you get to go out still and have occasional luxuries?
An IVA will affect your life. You'll have to live within a budget and stick to it. There won't be any credit to fall back on as you are not allowed any.
You can go out, some people have also managed to go on holiday (usually the Sun £9.50 holidays, but a break nontheless). Whatever money you can save from your budget will be yours to spend on whatever you want.
It is best to try and build up a contingency fund for those emergencies which will happen.
Start off by making a list of your income and expenditure (exclude your unsecured debts) and see how much disposable income you have left. Phone up a couple of firms and seek their advice.
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
