My IVA was approved on the 03/10/08, and im really happy with the result. I was in just over £50,000 of unsecured debts i had like 2 loans and 6 credit cards. I maintained payments as long as i could but had to resort to using credit card cash advances to maintain payments on my loans, and the interest kept on piling up. I wasnt happy as all my wages were going to service my debts, and as a result i had to keep using my credit cards for day to day living expenses. It felt like a vicious cycle with no way out. I knew that this was no way to live and im glad i got some advice and did something about it. However bad things may seem there is always a solution dont be afraid to get in touch with IVA advice companies or do some research into IVAs yourself. My journey has just begun i have made my first payment into my IVA only another 59 left! My level of debt was really high but it always helps to talk to someone about it. 55% of my total debt will be written off upon successful completion of my IVA.
Well done on getting your IVA approved - bet you're still on Cloud 9!
No more more phone calls or letters, it's great.
Don't forget to let us know how you are getting on.
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
