I am so glad we came clean when we did.....four months in and I am able to open the post without fear! All my troubles are now sighted on renting property - we received a repossession court date on xmas eve for the 2nd January from our landlords mortgage company - happy christmas not ...we have had ...

I send mine in as and when I receive them. really for me it has only been Ambrose Wilson and Barclay Card - alot of the other creditors took note of the chairmans report or my own phonecall to inform them of the IVA as and when the statement after approval was received. I can now say I am happy to r...

Thanks - it new's to me! The thought of paying £1270 for 60 months, plus the extra ad hoc payments and all my inheritance is scary!

Lulu

Good luck - keep an open mind, and try to listen to your IP if modifications are mentioned as you will be in a mind of confusion and you want to ensure you can afford any changes being proposed!
Good luck

Lulu

congrats! Now look to the future and not whats gone before -a fresh credit free start! It is hard at times, but you learn to manage! You have no choice at the end of the day - but just think 5 years time you will be out the other side smiling!

Lulu

But I thought interest was frozen when you went into an IVA and was no longer payable as part of the agreement?

Lulu

Sorry if I appear to be a bit thick here. We owe 73k to our creditors. Our IVA was approved in Sept 2007 at a monthly figure of £1270, plus we had to pay £3500 for the sale of my vehicle. Based over 60 months the monthly payments equate to £76200, added to the £3500 and the other additional payments...

My IVA started in September 2007. I should have received my annual pay rise and bonus in July 2007 (before my IVA was ever thought off) - however I have only just received it in November pay! This has caused me to have a £790 bonus and £340 back dated pay rise - having spoken to my IP and sent in co...