www.iva.co.uk

Well, my IP emailed today to say my creditors meeing is booked for 29th August.

For the first time in my life I have knowingly not paid my unsecured monthly payments, which is making me feel particularly anxious. Although in the scheme of things I don't know why this bothers me so much!

I soo hope it's accepted as I've got no idea what the alternative might be [xx(]

Good luck for the 29th I trust it will be a successful outcome for you x

Good Luck Wild Rose I am sure you will be fine and on your way to a debt free future very soon. The feelings you have are very normal and as your meeting is very soon you hopefully will not receive any hassle from creditors. Best of luck

Good luck wild rose! I'm sure everything will be fine and the relief will be over whelming. [:)] x

Best of luck for your meeting wild rose. Im sure things will be fine and in 5 years from now you'll know you made the right decision.
Cm x

Good luck but I'm sure it will be fine. This time last year I was in your boat and when you get that call to say everything is ok you'll have the world lifted off your shoulders. Just knowing your on the path to sorting out a bad situation will put a spring in your step

We all felt as you do now. Good luck and I'm sure you will be fine.

Good luck from us also. Keep us posted

Thanks everyone. Although it is an incredibly stressful time I'm pleased I plucked up the courage to deal with it all. I kept on kidding myself that it'd all be ok, it's only now I see how ridiculous that is. It's a means to an end and the thought of it being resolved is what is keeping me sane right now. I'll let you know what happens x

Best of luck for a positive outcome. Make sure you let us know the results on the day.

Hi,

Deliberately stopping payments to creditors was the hardest part of it all for me. Though I'd always managed to pay everyone I was month-by-month getting deeper in debt.

My creditors meeting has not yet been set. I share your anxious feelings. Having had a good credit record up until recent times it's not easy to deal with.

That was our exact situation Hubert. We paid all of our crediors each and every month, juggling all of the different payments, but the total balance has been increasing over the last few years. I'd keep on telling myself that when 'X' happens in 6 months then we'll have more disposable income to deal with it but either 'X' didn't happen or our outgoings and minimum payments had crept up over that time so that our disposable income wasn't actually any better. I feel very sad to be in this sorry mess.

This forum is a god send. Makes me feel better to know there are other people out there going through the same thing and feeling the same way. Thank you for taking the time to comment. I hope your creditors meeting is sorted soon and the IVA path is a smooth one x

sure you will be fine and get the yes your looking for.
We were all in the same boat as you, feeling anxious, but remember your ip would not put your offer forward if s/he did not think it would go though.

Hi Wild Rose,

Welcome to the forum.

I`m sure everything will be fine, it`s rare IVA proposals are rejected as generally IVA`s are the route by which creditors will get the best return, sometimes creditors might throw in the odd modification at the meeting but your representative will phone you on the day to inform you and get your approval.

I`ve just reached the three year point of my IVA and the time has flown by, my only regret is that I didn`t take the plunge years earlier.

I spent years just managing minimum payments to all my creditors and the interest rates on my cards just kept on going up and up to the point where my monthly payments just covered the interest and the balances never came down, at the point of my decision to propose my IVA one of my cards rates had risen from it`s original 7.9% to 32.9%...God only knows how many thousands of pounds I paid to my creditors without my debts reducing, so even though my creditors agreed to write off a chunk of my debt balance, they could probably buy a small house with the interest they made out of me over many, many years due to their hikes in my APR`s.

I too stopped paying creditors immediately and put that money away to create a contingency fund, as obviously there is no more access to credit should any unexpected bills arise.

All the support you need is on this forum Wild Rose, keep posting.

Best wishes for the 29th ...every thing crossed for you