Large Debt IVA Approved today !

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Post by Bigdebts » Fri Apr 27, 2018 3:39 pm
So after dealing with vast debts for many years I finally requested an IVA after a drop in wages at work. I had accumulated over £120k of debt over 12 mainstream creditors and after struggling to meet minimum payments contacted PayPlan. They were more than helpful and now I can live a live of less stress and woprry about where the next pennty to keep up the payments will come from and start looking forward to a debt free future. Its taken its toll on me and my family but at last and end date is in sight insread of just seeing paying interet off for the rest of my life. The countdown starts now ..


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Post by Foggy » Fri Apr 27, 2018 3:41 pm
Well done and welcome to the journey. Now you are in control !
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014


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Post by Bigdebts » Fri Apr 27, 2018 4:09 pm
Foggy wrote:
Well done and welcome to the journey. Now you are in control !
Thanks @Foggy - I have lived with virtually no money for so long - Its strange to think there is now a date in site when I will be 100% debt free and not owe a penny ..I cant wait !!


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Post by MerlinL14 » Fri Apr 27, 2018 5:26 pm
I think we all feel that stress lift when an IVA is approved and it just goes to show that even large debts can be accommodated and accepted by creditors. Although you won't be rolling in it, you will be in total control of your disposable and not worrying if someone else is going to write to you and take it from you. Good luck in your journey Bigdebts.
Last Payment made 04/12/14. Completion Certificate 25/7/15. IVA company GT. No Issues


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Post by watzki » Sat Apr 28, 2018 2:31 pm
Good luck bigdebts we had 100k+ debt and feared the future,then we made the phone call in 2010.
Now roll on eight years we are debt free and in total control of our financial lives.
It's a long slog at times but well worth it.
Today 1st of December 2016 the vultures finally flew away


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Post by stmw » Sun Apr 29, 2018 4:44 pm
Amazing! Good luck with it all xx


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Post by Bigdebts » Mon Apr 30, 2018 1:46 pm
Thansk for all the good wishes guys, It really does mean a lot.
First payment done and 59 payments to go : )

Then end is a fair way off however there is an end at least where there was no sight of one before !!

Thanks again everyone


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Post by mariah9 » Thu May 03, 2018 6:17 am


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Post by kallis3 » Thu May 03, 2018 2:38 pm
Well done from me as well.
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.


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Post by Vince_100 » Fri Jun 08, 2018 3:46 pm
Good luck. I to have just started my IVA journey, i'm two payments in :)


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Post by katana2471 » Sun Sep 16, 2018 11:07 pm
Just finishing my second year
4 to go
But the 2 years have flown by.
Can't wait to be debt free...
Never again will I get in such a mess
At times it's been bloody hard.
No holidays no luxuries I learnt to survive and live without them.......
Good luck on your journey...
Stay on here and share your experiences
Foggy is great for advice.
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