What does the term 'regimented regime' look like practically ?

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john393
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by john393 » Thu Mar 09, 2017 8:23 am
What does the term regimented regime look like practically?

The more I read the more I hear about budgets being monitored etc. What is the specific monitoring process?
Last edited by john393 on Thu Mar 09, 2017 9:25 am, edited 1 time in total.
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kallis3
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by kallis3 » Thu Mar 09, 2017 8:40 am
Hi,

Can you elaborate a little please.
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Foggy
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by Foggy » Thu Mar 09, 2017 9:02 am
You will need to live within the framework of the terms agreed in your arrangement and be scrutinized to ensure compliance. It isn't as bad as it sounds and you soon settle into it. You have to learn to watch every penny (not a bad thing really) and to openly discuss finances (hard in this country, being conditioned that this is a subject we do not discuss).
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kallis3
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by kallis3 » Thu Mar 09, 2017 9:21 am
I hadn't a clue on that - thanks Foggy!!
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Michael Peoples
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by Michael Peoples » Thu Mar 09, 2017 10:03 am
Who is using phrases like this to describe an IVA? Basically an IVA is a way of repaying something to creditors at an affordable rate over a fixed period of time. It is not 'Big Brother' and while some firms overstep the mark most do not. Get some advice from an insolvency firm and see if an IVA is the right route for you.
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Foggy
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by Foggy » Thu Mar 09, 2017 11:01 am
Speak to a firm ( or two) who do not use "barrack room lawyer speak" and are mindful that their clients are people.
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luluj
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by luluj » Thu Mar 09, 2017 6:38 pm
An iva is a life changing experience - not only are you debt free at the end of it, but you also learn along the way to budget your money, change your lifestyle and makes you appreciate the finer things in life like spending time with family and enjoying the free things in life - open countryside; seaside days out.
You do have to compromise but its amazing how you soon adapt.
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