Ox the chappie that used to run that other forum is anti - IVA and the forum has become that way too. It is close to the debt "charities" who generally favour DMP too (the "charities" are largely funded by the banks and lenders, who will see a greater return from a long ( looong) running DMP). Read into that what you will.
As I say, I was censored on there for mentioning this forum, so maybe I am not the best person to be criticising them.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Just to add -- your wife has a point, to a degree, about being rehomed. However, don't leave the present house in any way, shape or form, voluntarily. If you do so there will be no obligation for rehousing.
However, that is not going to happen .....
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
A few years ago, when we were really struggling and I could see no way forward, I suffered depression. I remember hating waking up every morning, the problems would just fill my head all day. Sleep was the only escape.
In the end I had to go to the doc and he put me on antidepressants, which made a massive difference in that they helped me think rationally again instead of spending all my time in a dark haze of negative thoughts going round and round in my mind.
From there I was able to tackle our money worries. We found this site and entered the IVA.
I would never have believed life could be good again. You`ve made progress with all the people giving advice and help on here - go another step tomorrow and get some detailed options from a few companies.
Thanks all I think I have had a reality check that has scared me, I used to be on a higher salary than I am on now and now with all the normal outgoings rising and a 1300 mortgage and 3 kids one salary at a reduced rate make life a bit hard. It means any major shocks and we could be in trouble. This is ignoring the unsecured debt which needs fixing either by DMP or IVA. The fact of the matter i struggle to believe that I am struggling on a 70k salary but I suppose it is only 35k each. However good ols David Cameron took my 200 a month child benefit away on 70k but two people can earn 49k each and still get it at 100k. These things have all got me in a panic that we are a classic BR case. I regret the car now but got it when the times were good/better and I was on a higher salary and we needed a car. This is what winds me up that and also the fact that I may not even have a job next April but I need to able concentrate on one thing at a time. I think I have convinced myself since Xmas that we are ultimately going to lose the family home......and that scares the life out of me and is also going to kill my parents as they are sick with worry always crying though would have us move in with them rather than be homeless, everytime we go there it ends up in tears
What are the chances of the IVA being approved at roughly 27p less fees it does not really seem realistic People on the other forum are still saying DMP but the creditors i have like BC may not freeze interest so it wont be 12 years. Sometimes I think the life assurance might help [:(]
Last edited by Ox1987 on Sun Apr 14, 2013 5:27 pm, edited 1 time in total.
Ox1987 our IVA was accepted on 11p with fees, from reading this whole thread, I can see you are in a blind panic. Do not do anything hasty.
Having an IVA will allow you to keep your house and give you a bit of breathing space to allow you to think all your options through, I do not know all your details but from what I have read BR might not be necessary. BR will follow you for the rest of your life and you will always have to declare it, an IVA unless the question is specifically worded to say 'have you ever entered into an arrangement with creditors' etc you do not have to mention it once it is off your credit files.
If you do use the 10K for a full and final IVA even if your job goes next April your debt problem will go now. so it wont be an issue then.
please think about it and telephone Tina or Mel again to put your mind at rest. Just remember you are not alone we are all here to help and support you
If life is what you make it, I must have been in a strange mood when I made mine
IVA dividends are always considered on their own merits, but I have seen as low as 9p in the pound accepted for normal "domestic" debt levels.
Salaries are like women's handbags -- no matter how big, they are always used up!
I think many of us have Mr Cameron, in part, to thank for some of our troubles (OK, we shouldn't have flown so close to the sun in the first place. In my case I am £7k per annum down forever more following the reversal of a pay rise. But, we have to do the best with the hand we are dealt.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Funny thing this depression thinking , now not only am I panicking about losing the family home I now am questioning whether we had our kids too late to have a baby at 38 and then one at 8yrs old and one at 4 yrs old when she leaves Uni of she goes Ill be nearly 60 and will I still be working or on the dole. I am probably think too much into the future need to concentrate on the now
I can't help thinking that will an IVA work I need it too and will I lose my job and car over it......not sure the old ticker can take much more of this
Last edited by Ox1987 on Sun Apr 14, 2013 6:14 pm, edited 1 time in total.
Ox, I have three girls, all left home, two with their own kids and one boy, all of 6 years old, when he STARTS Uni I will be pushing 68 (if not pushing up daisies) --- the future will take care of itself --- just do the best you can each day now.
I started early and didn't know when to stop. Was a single parent for a while, and am going to be one again --- it's not worth wasting the energy worrying about "what ifs" and "maybes" .... do the best with what you have got.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
I agree Foggy however I am sitting here scared for the future almost in tears fearful of what is going to happen...wondering how is this all happening I am overcome with depression and fear... I need some magic until recently these thoughts did not even enter my head
If we go BR where will we live and how do I feed them... are they better off without me. Its so hard I do need some help
Last edited by Ox1987 on Sun Apr 14, 2013 6:23 pm, edited 1 time in total.
No, they will not be better off without you! Listen to what your doctor has told you and, at least, try the meds -- they will take a while to kick in, but you will feel more able to cope.
Going BR may never happen, so don't get tied up with all that for now. Think F&F IVA, or plain IVA for now (but don't decide until you have had a proper chat with Mel or Tina).
Ox --- there is always a better way than meeting the grim reaper before your appointed time. Believe me I know what you are going through, but, with your GP's help it can get better.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
hi ox1987, hope you do get things sorted. i was very scared when i first started an iva, i ended up being left in debt when me and partner split as all debt was in my name only, so also became a single parent. the iva helped me get my finances sorted b4 they spiralled out of control. upto this point i had never missed a payment on anything. i also had a car on finance which i was able to keep and was put in my i&e so was still able to pay for it. hope this helps. like other posters have put please dont let this take control over your life[8D] take care!!!!!
