Seen as so many people helped me with my posts a month ago regarding extra credit taken out during my IVA and my own total stupidity, I thought I would let you know the outcome.
So I bit the bullet and approached my IP caseworker who was just unbelievably kind and understanding. The sorry story is that I had managed to wrack up nearly £3000 in payday loans POST IVA. It is worth noting that there was no problem with my income and expenditure, it was my total inability to budget and a period of severe depression led go bad judgements. I hold my hands up and admit my complete stupidity. My partner of ten years knew nothing of my IVA let alone the debt incurred afterwards. I had no choice at all other than to tell him what had happened as I am in breach of IVA. I spent a month or so nearly tearing my hair out didn't eat didn't sleep just drank some and hoped it would go away . . It wasn't going to. After making the call to my IP, I then faced the agonising task of informing my boyfriend of my total financial mess and feared he would hate me. It did come as a total shock but explained my terrible mood and agitated state. To cut a long story short , yes I am in breach of the IVA and we have 30 days to clear the post IVA debts. My partner is going to clear these debts and I will have to pay him back with funds from another family member. I am very lucky that I have been given the chance to start again and that I have such supportive family . It was by no means easy admitting what I had done. . Now I am unto unto year 3 of my IVA and it can be saved. I do believe that my IP would have found a solution to this even if I hadn't have been lucky enough to be 'bailed out ' by family. . I am so glad that I took the step of telling them what had happened . I now have to provide bank statements every month which is a GOOD thing , and address my spending needs with a counsellor as I believe there's a problem there somewhere . No excuses , no blame but the harsh truth . So my message really is that if any of you have been silly enough ( hope not ) as me, that you need to believe there is light at tye end of the tunnel and that your IP CAN AND SHOULD HELP YOU. mine did and I am eternally grateful this has not had an alternative ending. There is always a solution at the end of the day . Happy Christmas everyone and Happy New Year, but mainly a huge THANKS TO EVERYONE WHO POST WORDS OF SUPPORT WHEN I NEEDED NEEDED THEM MOST. This forum has been amazing .
Well done. Mazzamac, and many thanks for letting us know how you got on.
Yes, communication is definitely key to the smooth running and to sorting out any glitches along the way. Always helped, of course, by having a supportive IP.
Now you also have the support of friends and family, which will greatly help going forward.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
You're right it's support that you need and hiding things away doesn't help in the long run - I don't feel half as bad as I thought I would and having a supportive IP of course has made things bearable. I count myself as one lucky lady
