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 ..
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
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
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
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.