Agreed. The way to think about it, is that if you were ever going to get out of debt using the traditional method, then all of your spare income would have been used up paying the debts off anyway, so I have no problem with paying anything extra over. At least with an IVA there is an end in sight. I hope I'm not being too previous by the way, as my IVA proposal hasn't even been submitted yet, I only submitted all the paperwork to Melanie and her team last week, so hopefully I'm not putting a jinx on it by posting like its already happened. Maybe I should have said "IF i was in an IVA, I wouldnt mind paying anything extra over..."[:I]
Great posting UptomyNeck. I think that a lot of people (IP's included) often don't undertand the overall macro economic issues in the marketplace at the moment. You have managed to explain that very easily, and I think a lot of posters will have learned something this afternoon. I have!
