So its come to this time in life now that I just cant manage to keep the family afloat and pay stupid interest on credit cards, I was doing the zero balance for a whilst but cant move stuff around now.
Have around £37k debt and rent right now. Contacted http://nationaldebtservice.co.uk/
as was one of the first to come up and someone called saying should be able to sort out an IVA.
Right now I know I have failed my family (am 47), spent many years at Uni to be highly qualified to do a damn job that pays sod all, pointless, but anyway another story.
Been reading around here and am even more concerned about going through this.
The person I spoke with on the phone was ultra nice (suppose they always are) moving things around and helping out, we rent, 2 young kids (5,2) and wife doesnt work at the mo, and shes recommended Cambridge McDuffy as the IVA company for them to use.
She wants all ID, pay slips, statements etc in next 48 hrs to get things sorted which seems a really short time to even think about this, not that theres anything to think, I am throwing away a new TV at least every month just on interest alone!
Reading here though, I didnt realise that your bank account was affected too? Could I loose that? All the debt is with credit card companies (4) and have a Barclays Additions account, will I loose my bank card , any ability to pay for anything, what happens as the person never mentioned anything happening to a current account.
I have been seeing a councillor and on prozac for all the money/work stress. Feel like I have failed my wife and two kids, cant even give them a good start in life, and well nearly reached the end of my tether on a number of occasions.
To be honest I am terrified on what is going to happen. Should I speak with other IVA companies, get more advice, push the 48 hr thing, risk not knowing.
Totally at a loss. I have a good contract right now, 5 yrs, but boss being a d**k doesnt help . I know there is no answer, I know little hope but I am sorry to reach out to you all for some support, I know everyone has their problems..
Sorry if this is not the place..