Not posted for a couple of weeks so i will give an update.
Sent all my docs to GT a couple of weeks ago, just waiting for my proposal to come through for signing which i am told will be next week.
Its starting to get to us now, phone calls from creditors who were told 3 days earlier about our situation and they said they would make a note on the system and asked to be kept informed of any changes in the situation, i love those robotic dialling machines!!!
The default notices have been dropping through the door, getting used to it now, i just phone the creditor "again" and tell them the same thing i told them the week before and they just say "you are in arrears with your payment and must make the minimum or your credit rating will be affected"
I know its just automated systems that tell the operators what to do and say but it still gets me down when they call, we’ve never defaulted in the 19 years ive had credit and it takes a bit of getting used to.
Anyway, I have asked GT whether making a small payment of £10 to my creditors this month will make a difference to the outcome of my IVA decision, the way I see it, im not making the minimum payment so the calls and letters wont stop.
Last edited by icap9912 on Fri Dec 10, 2010 11:15 am, edited 1 time in total.
Making a token payment will make no difference at all to the outcome, it is entirely up to you whether you do this. It may stop the calls, but it may not.
You could think about changing your phone number, it's usually free and you just have to tell everyone that you are getting nuisance calls. Also go ex directory then the creditors won't be able to get hold of you.
Refuse to answer the security questions, they can't continue with the call if you do but don't be drawn into an argument with them. If you are going to speak to them just explain what you are doing and then put the phone down.
All they are interested in is commission to bump up their pay packets so they will be bullying and intimidating.
Write and tell them all that you will only deal via the post.
Above all, don't worry, we're here for you for support at anytime and it shouldn't be too long now before you get a date.
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
It is a worrying time and can be stressful for some. As Jan says we're here for you for support and advice. It won't stop the calls but a lot of us have experienced the creditors calls.
A change of phone number is a good idea too.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
It is such a shame that creditors still feel the need to chase people even after they have explained that they are going into an IVA - it wastes everyones time, wastes money on unecessary phone calls and more importantly causes a huge amount of stress and upset.
I do wish creditors would appreciate the very serious step clients are taking when entering into an IVA and recognise how beneificial it would be if they would then back off and let the IP do the rest. In fairness, some creditors do give space and time but if only they all could. Soap box moment over!
We're all here for you icap9912 - hope the chasing stops soon.
Regards,
Regards, Tina Shortland, Debt Advisory Manager for Melanie Giles at Debt Advice TV.
If you’re looking for effective debt related information, articles and news, then go now to our on-line advice service at www.debtadvicetv.com
If you’re ready to ask us for specific advice or help, then get in touch at www.call-me.debtadvicetv.com so you can start to free yourself from the stress and anxiety of overwhelming debt.
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
Thanks all, ive just spoken to GT and they advised that i pay "every" creditor the same token payment, i was asked by one of my creditors last week if i could make my "token" payment over the phone with my debit card, i refused and said that i would rather pay it into a bank or send a postal order as i didn't want them to take the "full" minimum payment off me! not sure if they could do this but i wasnt taking any chances!
They may try to take another payment next month so you did well to refuse your debit card details.
Send them a postal order.
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
we are finding it very difficult too, it's causing a lot of friction and arguments,it's not doing either of us any good.
we're getting a lot of calls,i'm not picking the phone up at the moment,if on mobiles i don't ans. if if don't know the number, more mail today.
will these calls go on through Christmas? i don't want family picking these calls up! a thread on Lloyds worried me as most of the debt is with them.
the impact of all this is having a dreadful effect on our relationship,it might not have been so bad if i'd know about it,i feel i'm still trying to get my head around it.i'm worried about my son,he's at uni with no job at the moment. my fire broke and now a curtain rail is broken,it's all money!
someone please tell me it's not just us with all this tension& arguments! i'm so tired.
sorry so negative,i don't feel i've got anyone to talk to,i'm too ashamed to talk to my friend about it.
Nothing stays the same...everything changes..hang on in there!
Please try and stay strong rosepetal - it will not be like this for long. Call me as many times you need including over the weekend, or email me.
Regards,
Regards, Tina Shortland, Debt Advisory Manager for Melanie Giles at Debt Advice TV.
If you’re looking for effective debt related information, articles and news, then go now to our on-line advice service at www.debtadvicetv.com
If you’re ready to ask us for specific advice or help, then get in touch at www.call-me.debtadvicetv.com so you can start to free yourself from the stress and anxiety of overwhelming debt.
Rosepetal wrote:
we are finding it very difficult too, it's causing a lot of friction and arguments,it's not doing either of us any good.
we're getting a lot of calls,i'm not picking the phone up at the moment,if on mobiles i don't ans. if if don't know the number, more mail today.
will these calls go on through Christmas? i don't want family picking these calls up! a thread on Lloyds worried me as most of the debt is with them.
the impact of all this is having a dreadful effect on our relationship,it might not have been so bad if i'd know about it,i feel i'm still trying to get my head around it.i'm worried about my son,he's at uni with no job at the moment. my fire broke and now a curtain rail is broken,it's all money!
someone please tell me it's not just us with all this tension& arguments! i'm so tired.
sorry so negative,i don't feel i've got anyone to talk to,i'm too ashamed to talk to my friend about it.
Try not to worry, here are my latest thoughts! (trying to be positive)
Phone now unplugged, so the only way the creditors can contact me easily is by post which i don't mind and will respond to them as and when they come in, your health and life is more important than creditors, as long as you are doing something about your situation and following the right procedure of the IVA application then there’s nothing serious to worry about, think about it, before we decided to go into an IVA we were miserable and worrying about increasing debt and deep down inside you know that one day it will all come to a head and you will crash, we have done something about it and i think that shows responsibility. whats the worst that can happen if you don’t take phone calls?? Nothing i suppose, the IVA proposal should be with them within the next few weeks and they can decide what to do then, remember that creditors have to follow a procedure and work within guidelines and can’t do anything worse than ask you for money I suppose, so we shouldn’t be afraid of them.
thanks Tina,sorry, i'm so tearful,all we seem to do is argue at the moment. i don't get out much due to my disability and now watching every penny there doesn't seem to be much to look forward to.
my Dad 's told me i could go to their house to stay but the way i'm feeling it would be difficult to come back.
my disability makes me feel guilty-if i was working we'd have had more money coming in,it also makes me feel trapped because i need physical help daily.
my mum &dad are away from 5th Jan for several weeks. i'm worried we won't get the f&f sorted before they go with christmas and i suppose i'm concerned they're not going to be there to talk to.
sorry to be a pain.
we'll get the paperwork sorted asap,perhaps that'll help us to feel more positive.
Nothing stays the same...everything changes..hang on in there!
thanks icap, yes i've un plugged the phone after reading your post instead of listening to it ring,that is better. yes letters are still arriving.
for me,i wasn't worrying about debt,i only found out in October 2010 when i tried to pay for something & my card failed. my husband was tyring to "manage" it by himself,using credit to deal with cards- cards i didn't even know he had,he had a loan i didn't know about, an overdraft set up on our joint bank account i didn't know about which i'm held partly responsible for! it's been such a shock.
i'm sure he must feel better as he isn't keeping secrets,i know that won't have been easy. the weight of it must have been killing him. for me it's new,i'm still reeling,had never even heard of a IVA until October!! i've had a bad week with my health,i'm sure that doesn't help.
i feel a bit better for posting,it's hard trying to keep a lid on it all. i know we are doing the right thing getting help,it's too big for us to manage alone and burying your head in the sand(as my husband did) is no good,debt grows if you ignore it.
thanks,bit better now x
Nothing stays the same...everything changes..hang on in there!
Getting through the time after you have stopped paying your creditors but before your IVA is in place can be very stressful indeed. However, try to put a brave face on it and think about the end game. It will be all worth it once your IVA is in place.
Remember, you are not alone, there are over 4000 people every month who start IVAs so hang on in there. Once your IVA is in place, it will be like a massive weight being lifted from your shoulders.
icap9912 & rosepetal - please do as Tina says - get in touch they are there to help you. Unplug your phone - we did thid until our new number came online. I also put any numbers that came to my mobile on the reject list ! Any letters i just sent on to Mel her team. It will get better.
I have looked at your case Rosepetal, and have no concerns about it at all being suitable for an IVA. Keep the faith and it will be sorted out for you as soon as humanly possible.
