Finally facing facts!

Get expert opinion. This is the place for new questions to be posted.
12 posts Page 1 of 1
 
 

The Bees

User avatar
Posts: 8
Joined: Mon Jul 12, 2010 10:40 am
Location: United Kingdom

Post by The Bees » Mon Jul 12, 2010 11:36 am
Hi all

After several months of being in denial, myself and my wife have sat down and are looking into getting an IVA. We have been able to make payments on all our outstanding debt but as a consequence we have had to put our weekly food shop and petrol on credit cards which means we are spiralling further and further into debt.

We initally spoke to Debt Advisory Line but after discovering this fantastic forum have decided to take advice from other people also. Reading some of the posts on here makes us feel much better and hopefully something can be done to help us out.

I am speaking to one of Melanies team tonight (was supposed to be Friday but the computer system crashed!) to discuss the best way to deal with our problems
 
 

rayb

User avatar
Posts: 1288
Joined: Wed Dec 12, 2007 11:15 am
Location: United Kingdom

Post by rayb » Mon Jul 12, 2010 11:43 am
Hi The Bees,

You are doing the right thing and will be in very safe hands with Melanie's Team who do an outstanding job with there Clients.

Good luck!!!
 
 

Tina Shortland

User avatar
Posts: 2950
Joined: Tue Jan 05, 2010 11:30 am
Location:

Post by Tina Shortland » Mon Jul 12, 2010 11:54 am
I would completely agree Rayb, but I guess I would wouldn't I!!!

Hope your call goes well this evening The Bees.

Regards,
Regards, Tina Shortland, Debt Advisory Manager for Melanie Giles at Debt Advice TV.

If you’re looking for effective debt related information, articles and news, then go now to our on-line advice service at www.debtadvicetv.com

If you’re ready to ask us for specific advice or help, then get in touch at www.call-me.debtadvicetv.com so you can start to free yourself from the stress and anxiety of overwhelming debt.
 
 

rayb

User avatar
Posts: 1288
Joined: Wed Dec 12, 2007 11:15 am
Location: United Kingdom

Post by rayb » Mon Jul 12, 2010 12:19 pm
LOL Tina [:D][:D][:D]
 
 

Adam Davies

User avatar
Posts: 14596
Joined: Thu Mar 29, 2007 12:21 pm
Location:

Post by Adam Davies » Mon Jul 12, 2010 12:24 pm
Hi
Taking steps to speak to someone is often the hardest part but once you have done that it is so much easier and you will feel that a weight has been lifted off your shoulders.
We often advise on here to speak with several companies/experts before committing, however you are in very safe hands with Melanie's team
Good luck
Andam Davies
 
 

MelanieGiles

User avatar
Industry Expert
Posts: 47612
Joined: Tue Jan 09, 2007 10:42 am
Location:

Post by MelanieGiles » Mon Jul 12, 2010 1:34 pm
We will look forward to assisting you with resolving your current debt problems, and I am grateful that you have chosen my firm to advice you. Hope to speak with you personally very soon!
Regards, Melanie Giles, Insolvency Practitioner
 
 

The Bees

User avatar
Posts: 8
Joined: Mon Jul 12, 2010 10:40 am
Location: United Kingdom

Post by The Bees » Tue Jul 13, 2010 11:17 am
Melanie's team has advised me that an iva isnt appropriate at the moment due to our high outgoings and has passed out details on to a debt management planner who i am speaking to tonight.

Am i right in thinking a DMP is similar to an IVA but all debts must be repaid regardless of how long it takes??
 
 

plasticdaft

User avatar
Forum Expert
Posts: 9562
Joined: Wed May 21, 2008 12:45 pm
Location: United Kingdom

Post by plasticdaft » Tue Jul 13, 2010 11:36 am
Yes all you owe will be repaid in a DMP. Interest may or may not be frozen for some or all of the time that you are in the dmp.

Let us know how you get on.

Paul
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
 
 

Shining

User avatar
Posts: 27019
Joined: Thu Sep 20, 2007 8:57 am
Location:

Post by Shining » Tue Jul 13, 2010 1:35 pm
Pity about the IVA but isn't appropriate at the moment isn't ever so you never know. I had a smiliar problem but was able to remortgage to lower my mortgage payments thereby freeing up disposable income.

Melanie will have given you a good contact I'm sure for a DMP and I wish you well with that x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
 
 

The Bees

User avatar
Posts: 8
Joined: Mon Jul 12, 2010 10:40 am
Location: United Kingdom

Post by The Bees » Tue Sep 28, 2010 1:20 pm
Its been over 2 months since my orignal post. After taking advice from Melanie's team we decided to speak to a couple of other people for a 3rd/4th/5th opinion!! From the 5 people we spoke to 3 thought an IVA was appropriate, 2 not. We decided to take our chances and go ahead with an IVA proposal. In the meantime i got a letter from work saying that i was getting a £3k payrise which was great news and today, best of all, our IVA has been accepted.
Me and Mrs B are delighted - 1 payment gone, 59 to go!!!!!!
 
 

Michael Peoples

User avatar
Industry Expert
Posts: 15189
Joined: Mon Nov 03, 2008 12:36 pm
Location:

Post by Michael Peoples » Tue Sep 28, 2010 3:19 pm
Congratulations on finding the correct outcome and not rushing into something unsuitable at the time.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
 
 

kallis3

User avatar
Forum Expert
Posts: 77170
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom

Post by kallis3 » Tue Sep 28, 2010 3:29 pm
Brilliant news The Bees, good to see you took your time and found the right solution for you.

Hope it all goes smoothly and keep posting so we know how you are getting on.
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
12 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”