www.iva.co.uk

Hi all,I've just made the scary step of admitting I've a debt problem- I owe around £30,000 across 7 creditors including £1000 on a business Account- I take home about £1,485 per month.I just feel so ashamed I've got in this mess.I don't really want anyone close to me to find out this including friends,family and work,so could do with a bit of moral support

Welcome to the forum,
We are all a little like that, you have come to the right place, we all support one another in a non judgemental way. Have you contacted a company regarding your debt yet, if not take a look at www.iva.com and ring round a few for free impartial advice, they will take you through all your options.

{{{HUGS}}}

Hi - welcome.

That's why the forum is so good. None of our friends and family know about the IVA. I can have chats on here and get answers to any questions. Your level of debt is not rare by a long shot - we had a lot more than that and our IVA was accepted.
Have you found a company yet to help you? - I would suggest doing what Pandy has said and start getting to know a few experts. You need to feel comfortable and confident with the firm you choose as you will be dealing with them for 5 or 6 years.

Hi Sally. It does come as a bit of a shock when you tot it all up !!! I carried on for a couple of years convinced the amount I owed was about half the amount it eventually turned out to be when properly totted up!!!!

No need to feel ashamed though -- especially here ... we all have the tee-shirts (or hair shirts in some cases!). As for getting in a financial mess .... it was good enough for the banks, Greece, Eire, Portugal, UK, you are in good company

Oh I feel your pain! I had to come to terms with it this year too, it's a tough thing to admit to BUT once you realise you have a problem you can start getting about solving it and that's a good thing!

Also as said above you are not alone in either being ashamed, the level of debt - mines a bit more than yours and I didn't even include the business debt as I want to continue trading! So actually more.

Some people can share with selected family and friends - I'm one of them - some can't and that's fine too as you have a family of people on here who know exactly where you are, how you feel and are here to support you.

I assume you're trying to find help now with an IVA company there are some great ones out there and many people on here have good experiences with a variety of companies.

GOOD LUCK

We won't let you feel ashamed here! People get in debt for lots of different reasons and its not for anyone to judge you...not even yourself. Go easy...try to accept what has happened and feel proud of yourself for taking positive steps to address the situation. We all know exactly what you're going through and the rollercoaster of emotions so keep posting and keep getting all that moral support everyone is so good at. The experts on here are also excellent for practical and technical advice. Making the first call to a debt advisor will lift a huge weight from your shoulders and then it's just a hop, skip and a jump to getting on with the business of settling your debt and sleeping soundly again!

Hi All

Thanks for your support-its nice to know I'm not alone,Will keep you posted how I get on

I don't know what done- but my post was previously under sally.bn-but the message is still the same thanks for support

Making the list and adding it up is always the worst part..its the ultimate admission of your circumstances. We have all been there.

But hey you will get plenty support on here. I know I did:-)

Thanks all-I'm feeling the love x

There's big love around here and you are far from being alone! x

Just keeping posting those questions. If it makes you feel any better our debt was more than double yours. Had no idea until I sat down and worked it out! Neither of us takes home as much as you so you'll probably have no problem getting an IVA accepted. You've done the most important thing by admitting you have a problem, the rest will begin to seem like a breeze after that! And in 5 or 6 years (depending on whether you own your own home) it will all be over!

yuor the same has me i dont want anyone finding out either and so far they havent just a shame i have a partner who seems to want to tell one of our close mates cause they were questioning us why the car owner has changed to him but i have told him i dont want them to know and he asks why....well duh lol so i know exactly how you feel.

yes you feel why but hopefully in the next five years it will be a relief and after them five years we will all be free x

There's no shame in it but it is personal and I won't be telling anyone in my family or our friends. Really our life won't change much. We don't really go out and we have everything we want. I just told my Mum we were tightening our belts when I was there last and they said they were proud of me (cringe!!).
Tell your partner you don't want them to think any differently of you or think they have to pay for things for you and just want to carry on as before. And smack him one if he tells them!!lol

lol i am guessing he will tell them on the quite cause at the end of the day i think his mate is worse causehe never payed back any of his debts so he thinks this isnt as bad lol