I can only imagine how you feel but what I would like you to know is in my opinion it is worth it, I'm out the other side now and no I didn't experience a change of company but there were many obstacles along the way. Do hang in there, hope you enjoy your lunch and pour your feelings out, if ever you need anyone to chat to remember the forum is here and we are all non-judgmental and very good listeners.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
Huddo --- enjoy your lunch and have a good chinwag. This is but a blip and it will pass. Believe me, it WILL be worth it in the end and you will have achieved debt freedom.
Hang in there.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
I've just recently split with my partner of 4 years whom I had 3 children with. That hurt enough and the fact I don't wake with my kids on a daily basis now... Well this destroyed me. I was very very lost for a short time, admittedly while I grieved. That coupled with sorting out an operation on my hand and a rather dull birthday, I very nearly lost the plot in October. This whole saga could very nearly have been the nail in the coffin but luckily I am finding my way again. I hurt deeply for losing all that access to my girls but I have my friends and Here I have you guys. There is hope from despair I promise you. Mine may not compare but at the time I sure felt like it. Much love people. What we can achieve together is nothing short of awesome.!!! [:)]
The support of this forum and, I must say, a great deal of help and support from Grant Thornton, got me through my split up. And the ability to start rebuilding debt free (which is how it is going to stay) was a lifesaver.
I don't know if Karol ever looks in -- but if she does, I will forever be grateful to her and her colleagues.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
It's lovely to read how the forum helps people both with their IVA's or other debt related issues and their personal lives. I for one have made new friends via the forum that have now extended into my personal life and I'll always be grateful. For those of you friends with me on FB I post some rubbish I know and probably tell you too much but I'm in a good place right now and I'm sure all you lovely people will be soon too xx
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
Four years after my last payment I still use the forum.as a little safety net and a reminder of where we were and where we are now.
Like Lesley I have made some great friends and hopefully in 2015 we can arrange a forum meal to get to know some of you all too.
Sharing from experiences of dealing with debt
There is a solution for everyone .... Just need to stay positive !
I'm also in the same boat as everyone else on this thread..unfortunately I've had issues with my pay over the last 3mths and this week have received my first correct pay slip. I phoned creditfix and, spoke to a man on the PJG dedicated phone line, he asked me to send a copy of my pay slip with a note explaining my on going problems. He sent a prepaid envelope which arrived the next day.
I am concerned, like everyone else, but can only wait and see how things pan out.
One thing that does confuse me is the talk of secured loans? I have the same wording in my agreement as mentioned on the previous page of this thread about 12 mths in lieu or a third party introducing 85% of my interest in the property....I'm a bit confused about what this means and wondered if someone could put it in simple terms-sorry for being a bit thick!
My outstanding mortgage is approx 70000, the house is worth about 120000 - will I be expected to get a secured loan?
Just checked my agreement which says
"If I am unable to remortgage my supervisor will have the discretion to consider accepting one of the following:
A 3rd party sum equivalent to 85% of my interest in the property or
12 additional monthly contributions
Am now wondering if the 3rd party could be in the form of a secured loan....85% of my current equity would be more than twice what I owe to pay my iva off in full.
Last edited by chocoholic2 on Sun Nov 02, 2014 6:28 pm, edited 1 time in total.
You will only ever pay off your debtplus statutory interest. I think it's down to IP interpretation of what a third party is. Some appear to be saying that this is a secured loan and trying to arrange them for debtors.
what was said about this when you took out the iva?
We'll it was said that this didn't mean a loan, but as thats not written down and creditfix' s interpretation may well be different, I'm a bit concerned.
Hopefully as time goes on and forum members who were with PJG conclude their iva' s the way creditfix operate will become clearer.
