600andy wrote:My partner was also desperate, we had less than 14 days to find a new home after we were repossessed, we had two children under two, couldn't confide in anybody, my partner was and is the sole wage earner and the stress and responsibility on him was and still can be enormous - but we still found the time to read everything.Skippy13 wrote:Thanks - yes, we WERE desperate and perhaps didnt ask enough questions at the right time - many of these became clearer although we maintain we didnt know as much as we shopuld of up front.
Angelrainbow that's a bit harsh. Yes, we should all read our proposals and the majority of people are desperate when they choose an IVA and would sign anything if they think it means an end to their debt problems. I'm not saying it's right, but it happens.
I hope your IP is understanding Andy, and please let us know how you get on x
We, like most did our very best to keep our head above water until we just couldnt and were literally days from something nasty happening. When you have a home, small children and your the sole earner, the sense of responsibilty is overwhelming - I am sure some of you will know what I mean. Obviously we did read the document through but didnt fully memorise its content and filed it away.
Even now, we do not pretend to be IVA experts and learn new things as different situations have arisen.
The overdraft thing is an easy albeit foolish mistake. I am sure our IP will not allow an otherwise perfect IVA to fail as it is in no-ones interest to allow an otherwise viable IVA to fail after 2 years - but I guess what will be will be.
I suspect (and hope) that we will simply take a payment break, clear the OD and just carry on albeit a tad wiser. If our IP takes us up BR road, then so be it - I have no control over that.
IVA's are a wonderful thing, but perhaps some IVA providers would do better if they were a little more informative, clearer and maintain closer contact than a questionnaire in the post once a year....all our contact has been by letter or telephone - we have never even been to their offices as they are far away in the North. I am not saying I want to do luch with them, but a friendly, customer focused how can I help you approach is not something we have experienced - that said, an IVA isnt a membership to some club I know that.
Generally,apart from this faux pas, our IVA journey has been trouble free. We have suffered perhaps from poor or too little info and advice from our provider and getting the info we have sought has often required some persistance - that said, on a couple of occasions they have been great - so its been a bit of a mixed bag of experiences but largely of the negative majority.
Were just waiting for a call back from our IP and then we will know the score......I will update the forum. Thanks for all the words of support (and the harsh comments which are not totally unjustified) as it is a stupid mistake to make in the first place.......
Michael Peoples wrote:The system in scotland appears much better. Just thought I'd share that with you all. Ip's would seem to have a little more leeway to adjust things accordingly without charging extra for meetings etc.
Your faux pas is not the worst by far that IPs come across. One of the problems is that IPs get the blame for doing what they are legally obliged to do and have no discretion to operate commonsense. Creditors remove discretion so if you have breached the terms, the IP must terminate, bankrupt if required or call a variation. Hopefully your IP can go to creditors and get approval for your IVA to continue and a few extra months at the end will cover a paymemnt break to clear the overdraft.
angelrainbow wrote:Well, I suppose were all here because we werent so perfect eh? At the very least we can help & support each other with being judgemental after all, let he without sin cast the first stone? Good luck with your IVA. Mine will be finished before yours with a bit of luck. Our IP was really understanding and helpful (phew) and has given permission for the OD and so no payment break and/or extension needed. Thanks to you all for your help support and kind words - that was very much appreciated.600andy wrote:My partner was also desperate, we had less than 14 days to find a new home after we were repossessed, we had two children under two, couldn't confide in anybody, my partner was and is the sole wage earner and the stress and responsibility on him was and still can be enormous - but we still found the time to read everything.Skippy13 wrote:Thanks - yes, we WERE desperate and perhaps didnt ask enough questions at the right time - many of these became clearer although we maintain we didnt know as much as we shopuld of up front.
Angelrainbow that's a bit harsh. Yes, we should all read our proposals and the majority of people are desperate when they choose an IVA and would sign anything if they think it means an end to their debt problems. I'm not saying it's right, but it happens.
I hope your IP is understanding Andy, and please let us know how you get on x
We, like most did our very best to keep our head above water until we just couldnt and were literally days from something nasty happening. When you have a home, small children and your the sole earner, the sense of responsibilty is overwhelming - I am sure some of you will know what I mean. Obviously we did read the document through but didnt fully memorise its content and filed it away.
Even now, we do not pretend to be IVA experts and learn new things as different situations have arisen.
The overdraft thing is an easy albeit foolish mistake. I am sure our IP will not allow an otherwise perfect IVA to fail as it is in no-ones interest to allow an otherwise viable IVA to fail after 2 years - but I guess what will be will be.
I suspect (and hope) that we will simply take a payment break, clear the OD and just carry on albeit a tad wiser. If our IP takes us up BR road, then so be it - I have no control over that.
IVA's are a wonderful thing, but perhaps some IVA providers would do better if they were a little more informative, clearer and maintain closer contact than a questionnaire in the post once a year....all our contact has been by letter or telephone - we have never even been to their offices as they are far away in the North. I am not saying I want to do luch with them, but a friendly, customer focused how can I help you approach is not something we have experienced - that said, an IVA isnt a membership to some club I know that.
Generally,apart from this faux pas, our IVA journey has been trouble free. We have suffered perhaps from poor or too little info and advice from our provider and getting the info we have sought has often required some persistance - that said, on a couple of occasions they have been great - so its been a bit of a mixed bag of experiences but largely of the negative majority.
Were just waiting for a call back from our IP and then we will know the score......I will update the forum. Thanks for all the words of support (and the harsh comments which are not totally unjustified) as it is a stupid mistake to make in the first place.......
I'm sorry if I came across as harsh - honestly the post just left me somewhat gobsmacked.
angelrainbow wrote:Thanks Angelrainbow, yea, saw that and appreciate your comments. My circumstances are not disimilar to yours but can add a bitter Divorce and 3 redundancies within the last few years. The financial failing was mostly mine and I inadvertantly dragged my new Wife & step children in with me. I was hounded by the Child Support Agency for years who were at one point taking 50% of my net income, so they played their part in my downfall too. I am getting better at reading these days!
Andy, please see post above where I wished you all the best. I meant it then and I do now.
FWIW, my OH is the one who had the financial troubles, not me.
xxSkippy13 wrote:Thanks Slippy13 - yea, what a relief - he was amazingly understanding! We are using this experience to start over afresh. We have a new resolve which feels quite invigorating and have developed a gritty determination now to kick this IVA into touch and get on with our lives. We WILL complete this and we WILL be successful. New lessons learned, ass well and truly self-kicked.
Andy, that's really good news. I'm so glad your IP was understanding, and good luck with the rest of your IVA x
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