We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

why does everyone appear to be against IVAs?

13»

Comments

  • james32_uk
    james32_uk Posts: 1,223 Forumite
    IVAs arent for everyone. Normally they are for those whose job prevents bankruptcy or for those with assets to protect. However for me it felt the moral thing to do. It may sound strange for someone who has whiddled his way out of 50% of his debt but I wanted to repay what I could. Unfortunately I had been able to get myself into a debt position that was impossible to work my way out of but as least an IVA option went someway to me paying back what I could.

    By the way I'm with Payplan and I couldnt promote them enough. Theres been a few times where I've struggled with payments and they've allowed me to postpone payments. Very flexible and really there to support me when I've needed it.
    Debt as at 12th July 2006 - £61,345 :eek: :eek: :eek:
    Debt free 21st Oct 2011.

    All thanks to :money:
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354K Banking & Borrowing
  • 254.3K Reduce Debt & Boost Income
  • 455.2K Spending & Discounts
  • 247K Work, Benefits & Business
  • 603.6K Mortgages, Homes & Bills
  • 178.3K Life & Family
  • 261.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.