Hi, not sure if this is the right place to post this.The meeting is set for the creditors on the 6th October and i have to say i am out of my mind with worry!! I can't tell you what this will mean for me if this all goes ahead, and if it doesnt and the creditors dont agree i will be devastated. I know its all out of my hands now but in myself i am so moody at the moment and snappy and can't think of anything else!! yesterday was the first time my wages went into my new bank account and this will be the first time i have defaulted on my loan payments and other debts and it doesn't feel good. As yet i haven't had any calls chasing the money. I'm just scared with all this and being a bit manic i think. help!!!
lis
x
I think what you are feeling is normal. Pre Iva I was the same - I had never missed payments before - always finding some way to scrape the money together - usually by getting into more debt!
Then the really scary time came when we had started the ball rolling and moved banks - and yes the calls came as they always do - however I found ignoring them helped or simply telling them no you cannot make a payment because you are applying for IVA and then politely ending the call - or my personal favourite of when they ask to speak to you say hold on I'll get her and then leave the phone on the side until they get bored and hang up! But to be honest try to take some sense of pride in tackling the problem - you should be proud that you are no longer living with your head in the sand and you are now sorting it all out. I felt some sense of good about finally tackling it - sorting of like hiding from a scary monster for years only to find that it wasn't that scary or a monster after all - a sense of now it's out in the open I feel liberated and at least know it will get sorted soon.
The run up to your meeting is always nerve wracking but I am sure you are in safe hands and will get the result you need.
When you feel the panic rising, just step back for a minute and remind yourself that your debt is no longer this scary monster in the closet - it is now just a normal (more common than anyone realises) problem that you are handling in a practical and sensible manner and soon it will be resolved.
Take pride in what you are doing and know that soon you will have a plan and a debt free future [:)] Good luck x
"Hope is the feeling you have that the feeling you have isn't permanent." - Jean Kerr
IVA approved Aug 2008 - 6 year term - last payment made 6 Oct 2014. CC received 14 Nov 2014.
The way you're feeling is completely normal - its a huge step facing up to your debts. The decision is out of your control and I know that can be scary. Try to take comfort in the fact your IP wouldn't have made the proposal without feeling confident it will go ahead. It would be a waste of their time. If the worst happens, there are still options available, so please try to think some positive thoughts.
We all get moody and down, its a side affect of debt methinks and boy have I suffered with the side effects this week [:D], but with the support of this forum we'll all get through it together.
If/when the phone starts ringing 'cos you've missed payments, just explain you're proposing an IVA and give the callers the name of your IP. Maybe write a script and keep it by the phone, that way you can just say your piece calmly. If it gets too much, ignore the calls.
thankyou for the replies, i appreciate the support. I'm sat here at work and its not something that yuo can just waffle about to people here. i have been really teary and a pain in the bottom to be honest. But like you say i guess i just have to take a step back and take a few deep breaths!! i will write a script thaks that's a great idea!!!
lis
x
Hi
By the time you are due some calls from creditors your IVA will be up and running and the creditors will put a stop on any contact
Good luck for the 6th
Regards
Thanks Andy, fingers crossed that it will be up and running. Coul di please mither you with nother question i have. Even though the iva is not running yet, i got paid yesterday and did a lot of overtime last month, will i have to give up the half of that. (i have put it aside in case i have to) Just want to try to do everything they ask me to do and correctly!!
lis
I know exactly what you are going through at the moment as we have our creditors meeting on Wednesday next week. Part of me is excited at the thought of this nightmare finally coming to an end, and the other part is petrified, thinking what if they do say no, we have all our hopes pinned on this IVA working out and I really don't know what we'll do if it's rejected.
I'm trying so hard to stay positive for my family but it's not easy as it's always there in the back of your mind. Until starting the IVA process, like you, we had never missed a payment on anything, albeit we were robbing Peter to pay Paul. The cancelling of our direct debits and changing bank accounts was a scary process. The first time we had a phone call from a creditor, I sat and cried, I couldn't believe we were putting our children through this. I must admit, over more recent weeks I have become quite hardened to the phone calls and just tell them straight that we are in the process of an IVA and give them our IP's details. Some creditors have been very sympathetic, and others have been really rude and also threatened us with a debt collector.
It's so hard to keep your wits about you when you are going through something like this, but I have found that coming on the forum each evening when the children are in bed and just reading about other people's similar experiences has really helped me to keep sane these last few months. The support on here is amazing, no matter how trivial you think your question is, there is always someone happy to help.
I sincerely hope that you get a positive outcome on 6th, we'll hopefully be starting our IVA journey together!!
Hi Jo, nice to meet you! firstly, very good luck for Wednesday. i agree with what you said about feeling excited as well as petrified!! just trying not to get my hopes up.
if you try to stay positive and strong then i will to and yes, lets hope that this journey starts for both of us next week. Please stay in touch will be thinking of you Wed. I can only come on here at work at lunchtime and weekends, so i will get back to yuo as soon as i can.
Hi
Loneranger is spot on,any overtime earned is yours to keep as your IVA is not yet in place
It will be good to have a buffer as a head start going into your arrangement
Regards
