I've got a couple of friends who always seemed to be doing well after getting themselves out of debt, both well paid jobs, nice house, new cars etc. They knew about the IVA and while they never said anything bad, I always got the feeling that my female friend felt a bit superior about the whole thing. Now I've finished my IVA, and recently discovered that they're very badly in debt still, missing car and house payments here and there, and this has been going on for the entire time I was paying back what I'd borrowed. They've had thousands (and I mean, thousands - at last count, around £35k) in repaid bank charges and PPI, they've sold a house at more then 60% more than they paid for it and they're still on a 100% mortgage which they've remortgaged this year to free up yet more equity to pay off some of the debts that they've run up since. My habits have completely changed due to the IVA, and I'm responsible with money now and I don't want a lot of the things I used to want. I prefer the simple things in life and a good night's sleep. I used to be so jealous of my friends, having what they had, and wishing I could have a windfall like that because I KNEW it would change things so much for me, but I never really knew what was going on, and to be honest, they've never admitted that they have a problem so 7 years later, nothing has changed for them. Christmas, I got a phone call from her begging me to go for a drink where she told me how she couldn't afford the kid's Christmas pressies (they earn way over £60k a year between them) without borrowing money from her parents. I know who's better off now, and I think it's because of the discipline I've had to go through.
Just goes to show, you never know what's going on on the other side of the fence.
Last edited by kittyface
on Wed Feb 27, 2013 6:25 pm, edited 1 time in total.
IVA Completed August 2012