Hi - it can be scary, but I think thats got a lot to do with actually facing up and dealing with the debt. As others have said, some people have problems, some don't. Unfortunately, if an IVA is running smooth, then we may not always here about it on here.
Keep using the forum for support and advice and I can assure you, you will get through anything and everything. Believe me, I've faced "challenges" and the forum has kept me sane [:)]
I would just like to say how much my life has improved since starting my IVA. It is great having cash to spend on day to day expenses and not living on credit. Pre IVA I lived on credit cards I would make the monthly payments and then spend the available balance to live on. Often I ended up taking out cash on one to pay another. Anyway to cut a long story short it will spiralling out of control. So life is so much better now. The best thing is though that I have started taking an interest in my house again. Don't get me wrong it was never spotless but lived in. Now I am thinking about decorating etc and doing the garden. I lost interest before as I was scared I was going to lose it. That feeling does stay with you for the first month or so but it is definitely getting better and I am starting to feel alive and confident again.
I wish you all the best of luck for a carefree IVA. I do agree tho that five years does seem a very long time. But hey I'm four payments in already!
I agree with Andy. I am so happy that I stumbled across this site part way through an IVA application with another company. If I hadn't, I would be one of those people in IVA difficulty now.
7 year IVA completed in December 2016 - there is light at the end of that tunnel
I can only imagine we are going to be better off. Don't get me wrong, I am under no illusions, it will be hard going at times, especially Christmas.
We have been trying to clear our debt on our own for years. We aren't flash and haven't been using our credit cards for a long time unless desperate.
I have been at my wits end. We have only had money to cover petrol and food shopping for years too. If it was an emergency it has gone on cards (car things really).
I am a manager and need clothes for work but just can't bring myself to buy them because I know we don't have the money. At least, with the IVA we will have a proper budget where everything has been accounted for. That is something we haven't had for years because we have never been able to get that little bit ahead.
While we have missed our payments this month I have been and got myself a pair of cheap shoes for work! The last few months I have needed trousers and I actually cry leaving the shop as I can't believe what a mess we have got ourselves into that I cannot afford a pair of £14 trousers.
I could be wrong but I bet there are a whole lot more people happy with their IVA than those that aren't.
Love to all the warm, genuine people on here that post. You have all been and continue to be a great help for me and so many others x
The future's bright, the future's debt free. In 72 months to be exact!
You're in safe hands with Melanie and her team [:)]
You are not the only one asking and your experience will help others. Make sure you read the social posts on here too, we get a bit of light relief and it really does help xx
When I first joined I asked question after question but people were so patient with me and very welcoming which made me stay.
I'm with Melanie and her team and you won't go far wrong having Melanie as your IP.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
I'm glad I found this site before we started the process it's been very useful and we have learnt a lot not just about the IVA process, but the struggles after it has been approved. Not sure about my husband, but my eyes are wide open and I know it's not going to be easy.
The future's bright, the future's debt free. In 72 months to be exact!
