The iVA company I have spoken to advised that a letter will be required from my parents advising that I pay regualar monthly amounts to them for living in their house. However, no one knows about my financial sitation and I don't intend on telling them. How can I get round this any ideas? I pay by monthly standing order so can prove the amount stated leaves my account.
Dreaming of the day that I'll finally be debt free!
Hi
Speak with the person advising you that you do not want your parents to know, I am sure they will understand and accept the standing order mandate as proof of rent
Regards
If you have any problems with VB then you can always contact Andy to try and sort it out.
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
I remember when I hadn't told my Parents about my situation. It was very hard and they would always pick up on how grumpy and stressed I was. I must admit that finally telling them the truth was such a relief. Maybe a good time to discuss things with them now??
My parents don't know and will never know about the mess we were in - they'd kill me!1
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
Don't think I could have kept it from them much longer. My house that got repo'd is plastered all over right move for all to see so its been hard to hide.
I don't have that problem and my parents wouldn't know how to switch a computer on let alone know how to negotiate the internet! I think I'm safe!
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
I can fully understand the reasons for not telling parents etc. I have only recently explained our situation to our 14 year old son,the thought of having to tell all to my parents sends a chill up my spine,although I know they would be supportive I feel like such a failure so will be keeping quiet!!!
Ruth contact a few more firms,there are plenty out there and explain the parent situation before wasting your time going right through the process!!
Paul
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
Hi
Just wanna throw my two pence in here
It seems as a lot are kinda feeling bad or in shame for being in the IVA For me yes I just felt kinda dumb for letting it get out of hand but its not like you are a criminal geez At worst you are going to get a clip round the ear You overspent and are now paying it back I would think your parents would be far more annoyed if you got nicked for not paying it back
Anyhoo tell the IVA people the amount you pay and perhaps can you set up a DD to your Mum and Dads account and that will go out as shown
You can in your Bank set up a payment Direct Debit order ask in your bank to do it and you write what its for
For example you could put Rent to Mum and Dad and then when you print a statement off it will show that you paid X amount to Mum and Dad Rent £ .....
If they want further proof then just ask your mum dad say can you have a copy that its gone through for your own records as you want to be sure its set up right
I think that would solve it ?
good luck with it and try not to worry too much theres always a solution and they should be working with you not making it harder
If they dont accept Change to another company
I can totally sympathise with Ruth - my parents would not be impressed with our financial problems so I could never tell them. They are of the generation that did not borrow and they still don't!
I am sure that Ruth can get this sorted via VB who are a recommended company on here. As Andy says, a standing order mandate should be sufficient.
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
Thank you all so much for your support and advice.
I haven't told my parents because they are of a generation that do not believe in debt. To say they would be disappointed is an under statement and it would worry them no end. I can see no point in putting them through this as I have every intention of sorting the problem myself, I feel strong enough to face IVA alone so why cause others stress for my failings.
Dreaming of the day that I'll finally be debt free!
It's the same with me Ruth - my parents would kill me if they knew how deep in debt we are. They are also of the generation who didn't borrow. They never bought a house as it meant taking out a mortgage so they still live in the same council house they moved into way back in 1958!
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
