www.iva.co.uk

I have signed up with Cleardebt in the last couple of days, however I feel quite down in the dumps about getting into this situation and feel that I have failed myself. is it normal to feel like this at the begining?

It's quite normal to feel like this Harry.

You haven't failed yourself, you've just got in too deep with your creditors, as have most of us on here.

You've done the right thing in sorting them out and your creditors will get something back.

Cleardebt are a good company and I am sure they will get you sorted out.

Thanks for your reply Jan,

I'm trying to stay positive but not easy at the moment, I just feel I have let myself down I'm sure I feel better soon but at the moment just finding difficult to keep my chin up with all the worry on how it will all turn out

You will feel better, it hits you when you realise just how much you owe as you probably had your head in the sand before then.

Just let Cleardebt sort you out.

Hi Harry3033 and welcome to the forum, I think what you're feeling we've all felt at some point. I dithered for ages before deciding what to do for the best, but I'll be honest and tell you I made the best decision to go down the IVA route.

Cleardebt will work hard for you so feel confident you've made a good choice and I hope you're feeling a lot better very soon

Your feelings are completely normal. I had them same feelings and it was my hubby entering an IVA not me.
Cleardebt are a good company and will do all they can to help you along your way to debt freedom.
The most important thing here is that you have recognised your problems and done something to try and sort them out as best you can.
The feelings will pass and you will get used to IVA life.

As others have said, it is quite normal for feel like you. I almost never signed on the dotted line at one point because of my emotions.
I just wish now that I had taken action a long time ago rather than bouncing credit card payments around for yrs on end.

Some times during my IVA I say 'this is a pain in the bum' then I think back how worried I was each month around payday meeting my creditors demands.

Just remember that an IVA is to suit you as well as your creditors

Hi Harry

People run through all sorts of emotion at times like these. There's alot of inspriation on here and so many lovely people offering to lend an ear, but don't be afraid to approach your GP - there's even more support available there.

Kind regards,

I did not actually realise how bad things were until I contacted my IP. When I started listing all the creditors and the amounts it suddenly hit me. Felt low as you say but at the same time felt empowered once I had finished the call for the first time in ages.

I just really wish I had known about the process years ago! The postman is glad too, think his back was suffering under the weight of all the credit card bills!

Whilst I would be quite happy to have the extra money in my account, at the start of the month I love to see the payments come out and know that we are one step closer to debt freedom.

I love to see the numbers change in my signature and my avatar as well.

Hi Harry,

I have to say the I went through a whole spectrum of emotions, from despair to elation and everything else inbetween often all within a day!!

Try and spin it around and be proud of yourself for facing reality removing your head from the sand and are now on the way to solving that problem...

I am not saying I am proud of my debts as I am ashamed but I am proud of myself for facing up to them and doing my damndest to becoming debt free.

Well said fingerscrossed.

As all have said, these feelings are common, but if you do need to talk then call anytime and we will be happy to try and put your mind at rest.

Regards.

Hi Harry, going into an IVA was one of the most stressful points of my life but it meant that I was in some way back in control. That is empowering, as immediately you can see an eventual end to the stress and an immediate end to the creditor calls etc. I felt guilty, still do but this shows that you have morals and care. It's one of reasons I went the IVA route rather than bankruptcy. I had no assets and bankruptcy may have been better but I felt honour bound to try and pay back as much as I could.

Fingerscrossed has it right, be proud that you are facing your problems.

Welcome to the forum Harry. As you can see from others posts the answer to your question is a massive "YES", but like everyone else on here, you are facing up to your problem and on the road to doing your best to solving your current financial situation to your own and creditors satisfaction, so amongst the guilt and other negative feelings you will experience over the next few weeks, just remember you are also doing something positive.

Always remember though that you have an outlet and others to help you via these forums.

Good luck.