Good advice

10 posts Page 1 of 1
 
 

gambler

User avatar
Posts: 10
Joined: Thu Dec 16, 2010 6:37 pm
Location:

Post by gambler » Thu Dec 16, 2010 6:50 pm
I have been in debt for the past 2 years [£84,000]mostly gambling.All on credit cards and a couple of loans.
All came to ahead when Mint let me go £2500 over my limit and then asked for £2800 as a min payment.
Started a DMP with 123debt solution and payed for a year £700 amonth, then Innovative finance lured me with the offer of being able to get my debts written of, I know stupid!
I then read an article by Ann Marie Woodhall of Bankruptcy4u. Decided to go bankrupt, but after speaking to Ann Marie she told me I would be better of doing a Full and Final IVA as I had equity in my house.
She put me on to Guardian Business Recovery in Ludgate Sq, London.
Today the meeting took place and my IVA was approved 19p in the pound.
With out the fantastic advice from these 2 companies I would have been paying for over 11 years.
Now I just have my mum to pay back some time.
Be careful out there, companies are making money on the back of our missery.
 
 

kallis3

User avatar
Forum Expert
Posts: 77167
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom

Post by kallis3 » Thu Dec 16, 2010 6:56 pm
Hi and welcome to the forum.

Sorry to hear about the problems you have had and congratulations on getting your IVA approved.

Have you managed to control your gambling?
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
 
 

liamjames

User avatar
Posts: 734
Joined: Mon Jul 27, 2009 9:58 am
Location:

Post by liamjames » Fri Dec 17, 2010 11:12 am
Congratulations- a full and final IVA certainly sounds like a sensible option to consider in your situation, and it must feel great to get it accepted. :)
Take care,

Liam James
Varden Nuttall
http://www.vardennuttall.co.uk

Read our reviews here: http://www.iva.com/iva_companies/Varden_Nuttall.asp
 
 

gambler

User avatar
Posts: 10
Joined: Thu Dec 16, 2010 6:37 pm
Location:

Post by gambler » Fri Dec 17, 2010 6:49 pm
I have stopped gambling for 4 months, and it feels great to have the burden of the debt of my back.
I found the most difficult thing was finding someone with inpartial advice.
 
 

kallis3

User avatar
Forum Expert
Posts: 77167
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom

Post by kallis3 » Fri Dec 17, 2010 7:03 pm
I'm glad you've sorted it gambler - long may it continue!
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
 
 

andrea1968

User avatar
Posts: 960
Joined: Wed Oct 20, 2010 11:32 pm
Location: United Kingdom

Post by andrea1968 » Fri Dec 17, 2010 10:21 pm
Well done gambler firstly for sorting your debts and secondly for kicking the habit-we have all gambled with our money one way or another which is why we are on this forum.Do remember though not to beat yourself up over this and try not to have too many regrets-hindsight is a good thing *if only* never got the bills paid.Be proud of yourself - remember it is as much the creditors fault for us being able to get their money so easily as it is ours for spending it.How many of us can justify where it(the money) all went?
I cant!!!
full and final accepted January 2015

iva agreed; August 2010
iva would have completed; August 2017
extra year thank's to NRAM
 
 

kallis3

User avatar
Forum Expert
Posts: 77167
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom

Post by kallis3 » Fri Dec 17, 2010 10:27 pm
All I can say is that I have a car sitting on the drive and memories of wonderful holidays![:D][:D]
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
 
 

andrea1968

User avatar
Posts: 960
Joined: Wed Oct 20, 2010 11:32 pm
Location: United Kingdom

Post by andrea1968 » Fri Dec 17, 2010 10:40 pm
Got the back garden landscaped and cant remember much about the holidays so i reckon they were money well spent!!!!
full and final accepted January 2015

iva agreed; August 2010
iva would have completed; August 2017
extra year thank's to NRAM
 
 

kallis3

User avatar
Forum Expert
Posts: 77167
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom

Post by kallis3 » Sat Dec 18, 2010 8:40 am
Sounds like my sort of holiday!
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
 
 

Julie

User avatar
Posts: 9503
Joined: Thu Feb 14, 2008 10:56 pm
Location: United Kingdom

Post by Julie » Sat Dec 18, 2010 2:52 pm
Thats a good post Gambler and thanks for sharing it with us. Just proves how getting the right advice is crucial.

Well done! xx
10 posts Page 1 of 1
Return to “IVA postbag for january”