IVA worry

moneysavingplumber

Yes of course I understood you were in an IVA for that amount of time, and I don't recall implying that you were daft. I appreciate how passionate you are due to your awful experience, and the figures you quote, and I've actually agreed consistently with you that IVAs are sold to people that they are not suitable for, and I also agree with a great deal of what you have said on your last post.

What I've taken exception to on this and in our previous discussion was the implication that the information I gave you on my own IVA was incorrect, based on the fact that no-one you knew of had the same experience. Well I can guarantee that was fact and am quite willing to prove it, it's a matter of public record after all, as we all are on this board no doubt :rotfl: . Also the implication that I will in someway gain from touting that 'IVAs are wonderful' was also unnecessary. For me it was simply the right option. Of course it was a gamble, and I was fully aware of that at the time (and was made aware of it, I wasn't sold it as a cure-all quick fix as alot of people seem to be, the supervisor was gravely serious about the implications of missing the payments), but the life of a self-employed person (which I no longer am) is a constant gamble, as a self-employed person there is simply no guarantee there will be money to pay the rent next month let alone in 1, 2, 3, years time, but several self-employed people I know have completed IVAs successfully, but that's my experience, which is valid as is yours. I won't bore the readers of this thread with my own details as to why it was suitable but I've outlined it briefly to you previously.

As far as I'm concerned, the OP on this thread is already in the IVA and whilst endorsing everything already said I suggested they stay in touch with the supervisor of the arrangement and may wish to seek advice from others in the same boat and IPs on another forum. If the OP chooses that the better course of action is to fail it right now (even though still currently employed and servicing the payments) and go BR that is entirely up to them, but my own opinion is that whilst still employed, albeit precariously, it would be better long-term for the OP for it not to fail.
Clearly that may be a point we have to agree to disagree on :beer: .

I understand your point that seems to be 'well it's likely to fail anyway with the recession etc so get it over with and save yourself some pain and money', but that's a decision the OP will have to make for themselves based on the advice received, but please don't think you haven't made your case well because you absolutely have!