I'm so relieved that my IVA has been accepted! This forum has been a great help, thank you guys for all the words of encouragement. First payment will be in 5 weeks time, since I have stopped paying all my creditors whilst my IVA was in the process of being approved, I have extra money left, is it ok to keep that money for now and spend it?
welcome to the forum from me too. I'd definitely agree with olydak, there will almost certainly be times when you'll need some kind of contigency fund.
Congratulations! I hope the road ahead of you is trouble free. Any money you have saved will be helpful for unforseen/unexpected expenses in the future. Good luck!
It's been a long road getting from there to here but it's been worth it!
Well done, great news. It is best that you squirrel away any savings you can make now, to form a contingency fund. I am afraid, over 5 years or so, you will probably need to dip into it.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Congratulations. Personally I would save the extra money you will have between now and your first payment. It will be that little bit extra peace of mind.
Congrats on your IVA acceptance - glad you have found the forum helpful and supportive - I hope you stay with us and let us know how things go.
A debt free future is definitely on course for you now - probably a completely different view of life from some months ago!
Regards,
Regards, Tina Shortland, Debt Advisory Manager for Melanie Giles at Debt Advice TV.
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