Hello
I got into debt about 3 years ago, but i was still managing to pay things off, mainly because i had a well paying job. Unfortunately, in august 2006 i was made redundant.
I thought i would be ok, as most of my loans and credit cards had protection on them. this however was not helped by the fact that my company took so long to get the forms back, that by the time they arrived back to me, i had been offered a new job.
The job, wasnt paying as much as my old job, but it was still good money.
It was at this point I decided that the as i was only paying of the bare minimum, I would go for an IVA. So I found a company, had the forms sent to me, filled them out, and waited. I was still getting the phone calls all the time, and this had started taking its toll on my health - to the point that contracted shingles in december. As such I was signed off work sick.
Whilst waiting to recover from the shingles, I got the IVA through, but because of the fact i had not completed by probation period at work when i got shingles, i again found myself out of work.
I looked round for a new job, and found one, but because where i live is not a high paying area (i was very lucky with my first job), i have had to take a 10K pay drop. i am really struggling with the payments of the IVA now, as they were set at a time when my take home was £1500 pm. this now down by £500 pm, and i am having to pay more in petrol than i did before.
I dont own any property, i used to live with my now ex girlfriend, but funnily enough, when my money worries reared its head up, and the redundancy - we split up! i had no choice but to move in with my eldery parents.
With the struggle of the payments, i am now considering going BR, as i feel that i might be able to have part of my life back.
Any advice would be greatly appreciated.
