Hi All, this is my first posting on this site

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cherry545

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Post by cherry545 » Sat Sep 18, 2010 6:19 pm
Hi All, this is my first posting on this site. I live with my folks and have stupidly raked up £24000 in debt. Ive been thinking about an IVA for some time, but the one thing that stops me is if my parents found out i was in that amount of debt all hell would break lose. I worried about the deluge of phones calls made to the house... Ive rang around a few of my credits and have asked them to change my home no to my mobile - will this stop them from calling my home? I have found this site to be a bit of comfort because even though my friends know of my prediment I feel so alone...
 
 

Shining

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Post by Shining » Sat Sep 18, 2010 6:22 pm
Hi and welcome to the forum.

Take some professional advice cherry, try www.iva.com for a list of companies and some reviews of these, take the advice of 2 or 3 companies to ensure you get impartial case specific advice.

As for the phone calls, I would like to think that your creditors would listen to you if you tell them to ring your mobile only.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
 
 

kallis3

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Post by kallis3 » Sat Sep 18, 2010 6:23 pm
Hi, and welcome to the forum.

You may find that some creditors will ring your house anyway.

I would seek professional advice. Visit www.iva.com for a list of companies and reviews. Give one or two a ring and you will receive free and impartial advice as to all the options open to you and the best way forward for your circumstances.
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
 
 

plasticdaft

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Post by plasticdaft » Sat Sep 18, 2010 8:08 pm
It would be naive to think creditors would listen to requests by you not to call you are home. When it comes to the crunch they will call you anywhere they think they have a number for you.

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

kallis3

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Post by kallis3 » Sat Sep 18, 2010 8:15 pm
It does sometimes pay to give them a mobile number and ask that they contact you via that rather than work or home.

If you can go into any online banking you have and change the number then you shouldn't have any problems.
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
 
 

Broke of London

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Post by Broke of London » Sun Sep 19, 2010 8:42 am
They will try you anywhere. Some people even had calls at work. Phone the creditors and ask for all numbers you don't want to be contacted on to be removed from your file and just leave your mobile no. My parents don't know either! It's a strange feeling to go thru something life changing and not have them supporting you. The worst tho is constantly hiding the truth about where my money goes...as 700 pm goes to debts they know nothing about! I am now 18 months on from starting and think I may have underestimated them... Consider telling as a few tears and arguments now are nothing compared to their understanding and support over the next few years. X
 
 

plasticdaft

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Post by plasticdaft » Sun Sep 19, 2010 11:15 am
Broke of London wrote:

They will try you anywhere. Some people even had calls at work. Phone the creditors and ask for all numbers you don't want to be contacted on to be removed from your file and just leave your mobile no. My parents don't know either! It's a strange feeling to go thru something life changing and not have them supporting you. The worst tho is constantly hiding the truth about where my money goes...as 700 pm goes to debts they know nothing about! I am now 18 months on from starting and think I may have underestimated them... Consider telling as a few tears and arguments now are nothing compared to their understanding and support over the next few years. X
Possibly the most relevant post in ages on this forum. Many partners/parents etc would offer nothing but support if confided in. An IVA is a long term commitment and having the support of someone close to you cannot be underestimated.

No one can tell you what to do regards to letting family know but dont automatically think that you will be disowned for getting into debt.

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

kallis3

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Post by kallis3 » Sun Sep 19, 2010 11:20 am
Great if you have an understanding family - I know my parents would disown me if they knew about our debt problems.
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
 
 

love hope and strength

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Post by love hope and strength » Sun Sep 19, 2010 11:28 am
I have to agree with kallis3 I'm supposed to be the sensible one in the family and could not face disappointing my parents. Everybody's situation is different but I personally just could not tell them about the mess I am in.

I would love to be able to come clean and if anyone is in a situation where they could then please go ahead. I am single and live alone and would love to able to pick up the phone to my nearest and dearest when I am low but I can't and won't. I am so glad I found this forum.

Good Luck x
Last edited by love hope and strength on Sun Sep 19, 2010 11:39 am, edited 1 time in total.
 
 

kallis3

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Post by kallis3 » Sun Sep 19, 2010 11:32 am
I'm lucky in that I have hubby who is also in an IVA so can share things with him.

My daughter and stepkids know that we don't have a lot of money and are doing something about it. My parents would be mortified!
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
 
 

antm

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Post by antm » Sun Sep 19, 2010 11:51 am
I must admit, i have never told my family, they just think im tight, well they know my work situation has changed over the years so they assume its just my paygrade has gone down. My other half knows and is very supportive.
 
 

Shining

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Post by Shining » Sun Sep 19, 2010 12:05 pm
I'm finding it easier the further I get into the IVA to be more relaxed about it. I told my daughters school recently, I've told one friend and my youngest daughter to date. My Mum wouldn't disown me or be mortified, she just wouldn't understand what one was so ignorance is bliss in her case x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
 
 

bonnie1

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Post by bonnie1 » Sun Sep 19, 2010 12:21 pm
Hi, I've been lurking for a while and I've finally decided to post :)
We are nearing the end of our IVA..in total 7 more payments and we've done it....but without the supprt of my parents it is definately something we never would have got through!!!

Just after christmas 2005, 5 months after having out 4th child we were £45000 in unsecured debt...I sat with my parents sobbing my heart out and told them our situation....my dad was the one who suggested IVA, we rented our home and no other assests. He too had been through it when I was younger and we never noticed.

Speak to them you never know...they might surprise you!
 
 

Shining

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Post by Shining » Sun Sep 19, 2010 12:22 pm
Hi Bonnie and welcome to the forum, a lovely post, hope the remainder of your IVA runs smoothly for you and lovely to hear of your supportive parents. xx
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
 
 

kallis3

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Post by kallis3 » Sun Sep 19, 2010 2:52 pm
Welcome from me as well.

So glad your parents were supportive. I'm sat with mine at the moment, if I told them of our problems they would get up and leave. I doubt they would understand bankruptcy or IVA or a debt management plan.
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
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