My heart goes out to you. Once in the iva you are indeed protected. My worst fear was my family finding out. Deep breaths and stick with it. All will turn out well x
My daughter and stepkids are aware and thast is it. I daren't tell my parents!
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
hi Ruth & Louise, this stage can be v stressful,posting helped me so much. i was scared to death, Lloyds sent letters cloaked as being from a solicitors firm threatening that they would BR us/send someone out to the house - NO ONE EVER ARRIVED, another man from their call centres said we'd be in trouble because HE voted on wether our IVA would be accepted OR NOT. it felt very threatening.
hang on in there,it really is bullying.
save every spare penny you have for you emergency fund,you'll be so glad of it at some point.
Nothing stays the same...everything changes..hang on in there!
It is bullying and it should be ignored. There are occasions when a debt collector can turn up but you can tell them to get lost if you wish to. They have no powers to ask you for payment or tell you that they can influence the vote.
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
the support here helped us so much at that time kall, being a bit green & new to the situation it's hard not to believe them - it is very frightening, BUT you guy's here were right - it IS bullying,playing on fear of people who are vulnerable.
IF a debt collector did arrive at the door DO NOT LET HIM IN .
Nothing stays the same...everything changes..hang on in there!
Ruth, sorry, did'nt mean to alarm you. I have spoken to both Lloyds and Halifax and they are aware I am applying for an iva. They ring every two weeks so I dont know whey they have also written to tell me they are sending a representative to speak to me as I wont be able to tell them anything different.
To be fair to them the people I have spoken to on the phone have been very understanding but nevertheless it is stressful repeating the same thing over and over.
Stay strong lass!!
Halifax arriving at my doorstep when I was at work actually made me realise I had a problem & started on the IVA road. My wife didn't realise until that day how bad things were.
I would always advocate telling your creditors that you are entering into a discussion and possible proposal of an IVA. It helped stop some calling! Others it didn't then I just did what has been suggested above!!
The road is 72months long starting September 2010.
I have a feeling that you may be with my firm - if so the chat will be with one of my colleagues who will want to ensure that all of our figures are correct before sending you a draft proposal to study. This will be followed up by a further short chat with either Sue or myself - just to top and tail things - and then things can be finalised.
I had threats of people calling which is usually a phone call but they do word the letters in such a way that you think someone will turn up.
Mostly they don't, even if they do then you are not obliged to speak to them at all.
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
Mine from Halifax and LLoyds came in a sealed slip like a payslip. Both said 'A representative will call at your home on the 14th October'. Will be interesting to see if anyone turns up.
What it usually means is that they'll phone. I had a couple of those and nobody turned up. You don't have to speak to them if they do turn up.
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 didnt contact anyone. All of my creditors got was a wall of silence. Don't worry. As long as you have told your IVA company about every creditor and debt you owe. It will be fine. Just dont be persuaded by any phone caller to pay anything to anyone. You are going in to an IVA now and they will get regular payments fro that. It is really important you dont pay anyone. Be strong dont give in to any persuasion.
I literally became the invisible man to my creditors. The phone calls are all hot air. Just do as your IP tells you and it will be fine.
I know its scary and goes against human nature to not answer the phone and pay on time, but you are doing the right thing. They are big companies and can afford to wait.
Just cancell the direct debits, have another bak account ready and get your pay into that and take a deep breath and look at your bank balance and realise that for the next few weeks, apart from the phone calls, you are going to have enough money and the financial pressure is off. Things are only going to get better from this moment on.
