Had a phone call this morning from GT for full and Final. Went through I&E clearly £514.00 per month short including IVA payment. Was told that there is no way creditors would accept what we have already paid in which is £6047.00, when they whould be getting £15960.00 after 5 years. So we are going for a 6 month payment break, at least this gives us time to move out and hopefully for me to find another job.
At least there is an opportunity to turn things around. Hopefully it all works out and there still remains the bankruptcy option if all else fails. Well done to GT for giving you plenty of support and advice.
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
