Quite frustrated at the moment, just have to be patient.
I have started the IVA process but what a month to do it, April when everything involving finances is up in the air.
Have to wait until next week now to go over final figures for proposal as tax codes are changing and have also been informed I am having a salary review at work.
Oh well.
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Kelly's right - it's better to go into your IVA with accurate figures. Once you have everything you need, your proposal will be drafted and you will only have a few weeks to wait for the decision.
hi Jay c,
have to be honest and say i found the collecting of financial data and the changing of bank accounts to be the most stressful time out of the whole iva process, but time passes quickly even in an iva if your budget is managable from the begining,so it is important to get it right at this point, the next five years depend upon it. and it is so very worth it when all is accepted and your on your way living within your means again.
good luck x
kat
IVA accepted 6th May 2011, Full and Final accepted 17th April 2012.
I know its frustrating Jay C and you are eager to get it done and dusted but you know to give yourself the best chance all the i's need dotting and the t's crossing! Be patient... (easier said than done though I know)
Regards, Tina Shortland, Debt Advisory Manager for Melanie Giles at Debt Advice TV.
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You do need to make sure everything is right before you enter into the IVA.
As Tina says, be patient - it will all come right in the end.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
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You could use this time to organise your new bank account if you haven't sorted that yet. And it gives yu a little longer to build the contingency if you've decided not to continue making payments. x
It will soon be over and you will be in your IVA wondering what all the fuss was about ! Use the time to sort your bank account and direct debits out, and start to live life in your agreed budget so that you can manage your weekly household bill etc
Sharing from experiences of dealing with debt
There is a solution for everyone .... Just need to stay positive !
As others have mentioned - sort out your new account - you may be lucky to be able to get a full account if you apply ASAP - and at the moment you dont need to mention anything about an IVA (as it has not been approved yet) - that way you can feel your doing something sorting out all the direct debits etc
Last edited by ginger3232 on Mon Apr 16, 2012 9:06 pm, edited 1 time in total.
Best to start a little later and get things right - based upon accurate figures - than rush things forward and take chances that your assumptions will eventually be right. Use the time now to put a little aside into a contingency fund, so you start off with a little capital behind you in case you hit a rainy day before those contingency funds have built up.
