www.iva.co.uk

5 payments left on my IVA..ppi payment made straight to my creditors £5.500..On top of the payments..Rang up to have a moan and the guy re-worked out my expenditure and I have been paying £290 bur on his calculations it can be £207 a month (with extra month - 4 becomes 5) Just wanted a little moan. Awful when your struggling and you have been perhaps been paying over the odds and five and a half grand and you dont see a penny of it..Only happened an hour ago..Just need a little moan..Tomorrow I hope to see the bright side. Would have been easier if I had been paying £207 for last 4 years as my ingoing and outgoing been the same as today since then..Big Sigh :-/

moan all you like I'd be the same! Hope the remaining 5 payments run smoothly for you.

Thanks Leslie. Full of "what if's tonight", Could have some holiday with 5000 smackers haha.. 5 payments better than the 72 I once had Positive attitude when I get up tomorrow xx

What was the level of your original contractual payments Radish?

But do you not feel better knowing you have paid more of your debts back?

Sorry for late relly, problems with home internet but sorted. I owed around £19k but was given 5 years at £290. I explained my incoming would drop in 6 months but it fell on deaf ears. The IP have never been interested and my temporary reductions where tagged on the end. Its become 72 months. I resorted back to the £290 because I wanted to get out of debt basically and it would have taken forever. So struggled and did without a lot of things. I did a review over the phone incoming-outgoing and told to pay £207 for remainder. My incoming has been the same since 6-8 months after I began the IVA. I will have paid £17.400 into the pot. Very Naive, I rang DFD after the £5.5k was paid in and asked them to ~"write off" the last 4 payments (which is now 5) not expecting them to do this, think I just wanted a good moan and express myself a little..It helped to a degree as the guy was sympathetc. Nothing much I can do really except knuckle down and pay - without a smile lol..Just sometimes feels like an IVA is a punishment not what I once believed it to me. I have always wanted to pay a decent amount back..Pity its not the 50/50 rule for PPI that it is for overtime..Half would have given me a easier time and even a first holiday in 8 years..But hey, a lot of people worse off them me :-/

We are only human ...and most of us would have a moan in your circumstances ....

Hello Radish,

Please find my email address in my profile. If you could drop me an email I will look into your case further, and get back to you with an update and to answer any questions.

Thanks,
Matt

An IVA is not a punishment Radish, but it is a good mechanism to take creditor pressure away from you and allow you to make affordable payments over a set period of time. If that means you ultimately are able to repay the debts in full, or almost as much, then that surely has to be a bonus - so long as the payments have been affordable of course.