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Posted: Tue Jul 08, 2008 5:34 pm
by plasticdaft
Just to let everyone know we just found out that our scottish trust deeds(mine and wifes) had no creditors objections so it now becomes protected(meaning that all creditors are bound by its terms) so here goes for a 42 month journey to debt freedom,its gonna be bumpy but a lot less bumpy than it was becomming trying to juggle money around from one credit card to another.
Lloydstsb voted yes as did Mint(RBS) and Egg didnt bother so tough luck on them,they are bound by its terms.
Hallelujah!!!
Posted: Tue Jul 08, 2008 5:41 pm
by indebtforever
nice one it will fly in i like the 42 months[8D]ahh sorry i thought your debts paid in 42 months its took you 42 months !!!!?
Posted: Tue Jul 08, 2008 5:54 pm
by plasticdaft
The deeds are to run for 3 and a half years from august when our 1st payment is due.
Happy days.
Indian meal to celebrate!!
Posted: Tue Jul 08, 2008 5:56 pm
by indebtforever
nice get youself a vindaloooo and wash it down with a claret welcome to the debt free club in 42 months[:D]
Posted: Tue Jul 08, 2008 6:09 pm
by MelanieGiles
Why are you doing 42 months as a matter of interest! And congratulations on the result.
Posted: Tue Jul 08, 2008 6:30 pm
by plasticdaft
The extra 6 months were purely to offer a better return. The amount of debt was over 70k and we are paying just 400 a month. Bargain if you ask me,and thank goodness it got protected.
Posted: Tue Jul 08, 2008 7:29 pm
by Soulgrowth
Good news ... the sense of relief will be worth the occasional bumpy spot in the road [:)]
Debbie
Posted: Tue Jul 08, 2008 7:39 pm
by Moneystinks
Congratulations to you.....
I'm really pleased for you. [:D][:D]
Posted: Tue Jul 08, 2008 7:42 pm
by Skippy
Congratulations, that's really good news!
Posted: Tue Jul 08, 2008 7:56 pm
by Shining
Excellent x
Posted: Tue Jul 08, 2008 8:12 pm
by Viki.W
Brilliant news, congratulations. X
Posted: Tue Jul 08, 2008 9:11 pm
by facingittogether
thats fantastic news, i am really pleased for you both!
love barb x
Posted: Tue Jul 08, 2008 9:17 pm
by kal
Congratulations - I bet the months will fly by.
k.
Posted: Tue Jul 08, 2008 9:39 pm
by luluj
well done - similar debt to mine although I have to pay three times that amount back !!!!!!
Posted: Tue Jul 08, 2008 10:22 pm
by plasticdaft
We were very surprised that it got approved given that the dividend appears low compared to many IVA's I have read about on here,although if our trust deed was extended by 18 months(to the length of most IVA's)the dividend fairly shoots up.
Thanks for all the messages,they are most appreciated.
I am so glad that I found this forum,I use the net a lot and this site is without doubt the best thing I have ever found on the net.
The people running it and YOU the posters deserve a great deal of credit,and a big pat on the back.
I am sure there will be tears and joy throughout the next 3 1/2 years and I am glad that I can share it all with you,my new friends.
Paul.