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.
Bob Marley. http://kallis3.blogs.iva.co.uk
You will need to live within the framework of the terms agreed in your arrangement and be scrutinized to ensure compliance. It isn't as bad as it sounds and you soon settle into it. You have to learn to watch every penny (not a bad thing really) and to openly discuss finances (hard in this country, being conditioned that this is a subject we do not discuss).
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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.
Bob Marley. http://kallis3.blogs.iva.co.uk
Who is using phrases like this to describe an IVA? Basically an IVA is a way of repaying something to creditors at an affordable rate over a fixed period of time. It is not 'Big Brother' and while some firms overstep the mark most do not. Get some advice from an insolvency firm and see if an IVA is the right route for you.
An iva is a life changing experience - not only are you debt free at the end of it, but you also learn along the way to budget your money, change your lifestyle and makes you appreciate the finer things in life like spending time with family and enjoying the free things in life - open countryside; seaside days out.
You do have to compromise but its amazing how you soon adapt.
Sharing from experiences of dealing with debt
There is a solution for everyone .... Just need to stay positive !
