I promised to let you all know what happened. As I explained before, having paid into my IVA for 4 years, as I approached my annual review last month, my circumstances changed. I took a big drop in income, through circumstances beyond my control and could no longer afford the payments.I was at my wits end with worry and came here for information and advice. It was here that I found out that one option might be to ask for a variation on my IVA and request my creditors accept the four years of payments as full and final settlement. A meeting had to be set up and I had to be available by telephone. As the day arrived my stomach was in knots waiting for the phone call. It arrived and I heard the magic words- your creditors have accepted your proposal!WOW! It will take 4-6 weeks to finalise, but I cannot even begin to express my relief. My sincere gratitude to all who informed,advised and supported me. This site is an absolute godsend.
For those of you embarking upon or still on this journey I wish you the very best of luck and be sure that whatever your worry or question there is always someone here to help!
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
Thank you all so very much for your good wishes. I could not have got through this without you. Not only those who give their advice and support but all those who are willing to share their stories. I have learned so much that has been extremely helpful just by reading other people's experiences. You can learn so much here to help you navigate through overwhelming debt to recovery!
Bless you all for your kindness!