www.iva.co.uk

So after dealing with vast debts for many years I finally requested an IVA after a drop in wages at work. I had accumulated over £120k of debt over 12 mainstream creditors and after struggling to meet minimum payments contacted PayPlan. They were more than helpful and now I can live a live of less stress and woprry about where the next pennty to keep up the payments will come from and start looking forward to a debt free future. Its taken its toll on me and my family but at last and end date is in sight insread of just seeing paying interet off for the rest of my life. The countdown starts now ..

Well done and welcome to the journey. Now you are in control !

Foggy wrote:

Well done and welcome to the journey. Now you are in control !

Thanks @Foggy - I have lived with virtually no money for so long - Its strange to think there is now a date in site when I will be 100% debt free and not owe a penny ..I cant wait !!

I think we all feel that stress lift when an IVA is approved and it just goes to show that even large debts can be accommodated and accepted by creditors. Although you won't be rolling in it, you will be in total control of your disposable and not worrying if someone else is going to write to you and take it from you. Good luck in your journey Bigdebts.

Good luck bigdebts we had 100k+ debt and feared the future,then we made the phone call in 2010.
Now roll on eight years we are debt free and in total control of our financial lives.
It's a long slog at times but well worth it.

Amazing! Good luck with it all xx

Thansk for all the good wishes guys, It really does mean a lot.
First payment done and 59 payments to go : )

Then end is a fair way off however there is an end at least where there was no sight of one before !!

Thanks again everyone

Congratulations!!

Well done from me as well.

Good luck. I to have just started my IVA journey, i'm two payments in

Just finishing my second year
4 to go
But the 2 years have flown by.
Can't wait to be debt free...
Never again will I get in such a mess
At times it's been bloody hard.
No holidays no luxuries I learnt to survive and live without them.......
Good luck on your journey...
Stay on here and share your experiences
Foggy is great for advice.

Hi guys just thought I’d pop on and give an update - I’m nearing completing 3yrs in April, it’s had its ups and downs since joining the IVA but 100% worth it. Payplan have been great with payments and I’ve used a few of the payment break holidays when my wage was a bit low. It’s not been a walk in the park however I have enough money to live on without having to struggle and the end is still in sight. I’m Pretty stress free now, my anxiety has reduced and having an end in sight is a great feeling.

For anyone worried about the IVA don’t be, Payplan especially have been amazing and helped me every step and been friendly about it without being judged. I haven’t had any creditor contact for over 2 yrs now, so even better considering my iva was for over £120k

Il pop back again once I’m near the end

Great to hear that it's going well ..... your IVA is doing just what was intended. On the downhill run now

Cheers foggy you helped me a lot at the start bro

It’s crazy when I look back I was paying about £1300 a month on interest and payments with no end in sight, which dropped to £400 and an end date. Just gotta keep cracking on follow that light at the end of the tunnel

So nice to get these updates ... gives others real hope for their IVA journey.

Stay in touch x