Johnno wrote:Hi buddy. My IVA lasted for 75 months and I really do know how hard things can get.Once you've paid the last payment it's a waiting game for your CC.Mine took 5 month's, but you'll be on the insolvency register for a full 6 years. The upside is you'll have no debt and what a great feeling once it's finally all over.This time next year you'll be in touching distance. ..stay strong. .
I was living with my ex partner for 6 years and being young and dumb i thought i was in love and would do anything for her, she worked mainly with horses so only ever made a little cash in hand and never really wanted much. After about a year of being together we decided to get a place (renting) but with her not having any credit history or savings i forked out the deposit for the house and then setup all the bills in my name (see where this is going). Anyway 5 years down the line and not much had changed, she was still working with horses but now i had racked up Credit Card bills and a loan for the car she is still driving today and the HPI on my old vehicle.
Year 6 came along and i found out she was doing the dirty with someone from the yard, this brought the intimidate end to our relationship and i moved out. I ended the tenancy agreement early and sofa surfed for a while as i couldn't afford to rent anywhere and i don't have any family i could have relied on.
Talk about a crash down to earth with a bang! Anyway..
I had no choice but to sign up to a 5 year IVA for the 11k debt i had accumulated during our six years together as i just couldn't pay it all back and have the money to rent a place and live in general, so at the time i went to a company called Debt Support Center. They where brilliant, they listened to my story and then did everything they could to help me. I had the IVA setup and working in no time at all and it felt amazing.
However still being young what i didn't release was the impact of being tied into a IVA, if i could go back now I would not have gone down this same path. it's been a very very tough 5 years, trying to live to budget set by DSC wasn't easy, I met a lady, had a child and not had much luck with work however in 5 years I've never missed a payment and am pleased to say that in January 2019 I will be making the final payment to my IVA
I've just spoken to Ceditfix who i believe brought out DSC at some point in the last 5 years and they advised me all i need to do is cancel my standing order after my payment in January and sit back and wait for a certificate of completion to land on my door step. I know i will need to send copies of the certificate to the credit reference agency's and the IVA will stay on my file for another 12 months but its the fact I did it..... 5 years! 60 payments!
My next job will be learning about how i fix my credit rating as I know this would have been damaged due to my past.
Sorry for rambling everyone but it's been a tough 5 years and if I'm honest this will be the first thing I've ever seen out to the end and I'm proud of myself.
loa
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