www.iva.co.uk

Hi everyone I made my first move and made a phone call to Andy Davies yesterday. I've been reading this forum for weeks now and have wanted to take the plunge. The difficulty I now have is my husband, he's in denial and twice as scared as I am as he thinks we will lose the house. We are around 40,000 in debt paying only the minimum payments and I know we'll never pay it off. We got into this mess following a house move. We bought the house and decided to have an extension. we had numerous problems and consequently ended up where we are today. We both work and have 2 children and just argue over money all the time. Here's hoping to an end all this frustration that's destroying our family life. So here I am taking the plunge into the IVA rather than of a building, for now anyway. Please help me along the way as you have already been doing. Good luck to you all too. xx

Very best of luck and you are in the best of hands. Your case is not unusual and I am sure you will find the right solution for you and the family.

Hi there. I ended up in a very similar situation to you and because of the same reasons. Houses! Only mine was due to renovations which didnt give us the profit we thought it would, lots of other things too but that was the straw that broke the camels back so to speak. I am now only two months away from financial freedom having been in my iva since august 2006, its taken me longer as had 6 months added in leiu of equity and then some payment breaks etc. I hope that your husband comes round to your way of thinking as I also was the initiator of our iva, my husband also thought there was another way. The sooner you realise youre in trouble the better as then you can sort it out. I have never looked back and yes it has been hard but definitely worth it. I know my little ones are going to be better off in the long run too with parents who arent financially crippled!!! I wish you all the best hun in your decision and hope you feel better about things soon xxx[:)]

Hello,

Your feelings are totally normal, we've all been there, including Andy!

You will probably have to try and release some equity from your house in the fourth year but if you can't then the IVA is normally extended by 12 months.

Andy is a great advisor and he will sort things out for you.

Keep posting and you will get great support and advice on here.

Hi all, I'm feeling better already just reading your comments and knowing I'm not alone. This forum really does help. xx

Glad to here it Eliza, this forum is full knowledgable people and more importantly people who genuinally care and want to help. Keep popping on and letting us know how youre doing x

Will do. Thank you x

You can ask away as well and someone will be around to answer your questions.

I will definitely do that. Thanks x

Hi Eliza,
You have made the first step and that is truly courageous. Good luck to you and let us know how you get on x

Thank you, all though I must admit I've a tremendous headache and i'm starting my night shift in 3 hours and unable to sleep x

Debt is a natural insomniac. Hope the last few days have really had a positive effect on you and your family. You've decided to sort out something you didnt foresee as happening. \not your fault. Keep us posted. All the best.

Hi and welcome to the forum from us also. You've done the hardest bit by admitting that there is a problem and starting the ball rolling to becoming debt free. Hope your journeys a smooth one x

Good luck with everything. We are all hear to listen/help x

@Libertyfund - I love this...so funny!! "Debt is a natural insomniac."

@ Eliza - good to hear you are on your way to debt freedom. Every step is a positive one and Andy is a fantastic debt advisor. So you're in safe hands!

x