Posted: Fri Mar 02, 2007 11:25 pm
Hi everyone and thanks for the replies, as you can imagine it has been very hard for me to concentrate today at work, so I went straight to mums to discuss the offer,
They have shares and Isa’s that they have been saving into for years, my dad had a very good job and they have managed to put quite a bit into these and on maturity they have reinvested, my dad had a triple by pass three years ago, unexpectedly, never been ill in his life, and since has not been able to work and to me they have lived on the breadline since, their choice they said as they didn’t want to cash in what they have saved.
However if they cashed them in now they stand to lose quite a bit of money, so I am going to be very selfish and decline their offer, they are only 60 and I would rather they enjoyed their hard earned money themselves, they tried to say I would get it eventually anyway, well I hope that is a long way off, and I do not feel that they should pay for my irresponsibility with money and finances, I know I stand to lose my home but could never live with the guilt of taking that money off them and again my children would suffer as it is meant for them also.
Plus I also think they were going to release a small amount of equity from their property, they didn’t say this but I read between the lines, their mortgage finishes next year, they bought their property for £10k and it is worth £150k now, they invested wisely, that I will not let them do, they have made themselves financially sound for me to mess up their good work.
I also feel that to my creditors I have gone down every avenue to pay them back and they refused yes they refused and I know a lot of people will not agree with this I tried my best and the offer wasn’t good enough before so I do not feel guilty about paying them all the money back, by declining the iva they obviously chose BR and that is what I am going to do.
With all the negativity around iva’s and my own personal experiences I do not want to go down that route again, I have thought hard and long about this all day, I seen an easy way out last night with the offer but in the light of day I have actually sickened myself to think I might have accepted it, Blackhorse very clearly yesterday stated they wanted all their money back and wouldn’t give me any leverage on the DMP even if I could have changed my circumstances with in the next 6 months they were willing to wait 21 years on the offer they made to me yesterday.
I have to stand up and be accountable for my own actions and pay the price for my mistake, I am only young and will be able to one day hopefully get back on the property ladder.
I also would never forgive myself if the iva was rejected again or they wouldn’t accept the money as full and final, plus the fact northern rock may also reject the offer
Thank you all who took the time to reply but my decision is final I will not be accepting their offer and will go BR , I know it will upset them that I have reached this decision but it would upset me more to accept it.
kerri
Please view my blog at: http://scaredkez.blogs.iva.co.uk/
They have shares and Isa’s that they have been saving into for years, my dad had a very good job and they have managed to put quite a bit into these and on maturity they have reinvested, my dad had a triple by pass three years ago, unexpectedly, never been ill in his life, and since has not been able to work and to me they have lived on the breadline since, their choice they said as they didn’t want to cash in what they have saved.
However if they cashed them in now they stand to lose quite a bit of money, so I am going to be very selfish and decline their offer, they are only 60 and I would rather they enjoyed their hard earned money themselves, they tried to say I would get it eventually anyway, well I hope that is a long way off, and I do not feel that they should pay for my irresponsibility with money and finances, I know I stand to lose my home but could never live with the guilt of taking that money off them and again my children would suffer as it is meant for them also.
Plus I also think they were going to release a small amount of equity from their property, they didn’t say this but I read between the lines, their mortgage finishes next year, they bought their property for £10k and it is worth £150k now, they invested wisely, that I will not let them do, they have made themselves financially sound for me to mess up their good work.
I also feel that to my creditors I have gone down every avenue to pay them back and they refused yes they refused and I know a lot of people will not agree with this I tried my best and the offer wasn’t good enough before so I do not feel guilty about paying them all the money back, by declining the iva they obviously chose BR and that is what I am going to do.
With all the negativity around iva’s and my own personal experiences I do not want to go down that route again, I have thought hard and long about this all day, I seen an easy way out last night with the offer but in the light of day I have actually sickened myself to think I might have accepted it, Blackhorse very clearly yesterday stated they wanted all their money back and wouldn’t give me any leverage on the DMP even if I could have changed my circumstances with in the next 6 months they were willing to wait 21 years on the offer they made to me yesterday.
I have to stand up and be accountable for my own actions and pay the price for my mistake, I am only young and will be able to one day hopefully get back on the property ladder.
I also would never forgive myself if the iva was rejected again or they wouldn’t accept the money as full and final, plus the fact northern rock may also reject the offer
Thank you all who took the time to reply but my decision is final I will not be accepting their offer and will go BR , I know it will upset them that I have reached this decision but it would upset me more to accept it.
kerri
Please view my blog at: http://scaredkez.blogs.iva.co.uk/