I'm taking the plunge....

Charco_2

Well, unless that one creditor is owed more than 25% of your overall debt then I'd say that's it!

Congratulations!

emma-uk

They were the smallest debt:T Not going to celebrate till friday, just in case:beer:

Charco_2

Ha ha probably wise - all the same, you could go mad this evening and have two biscuits with your cup of tea after dinner!

Just reading back over the whole thread - not sure if you mentioned who your IP was but credit where it is due they've done a fine job there! Nice of them to let you know how the voting is going even too though to it's not been finalised yet (foregone conclusion by the sounds of it!)

What I noticed in your posts though was that you mentioned BR was not an option and a DMP would have taken 12 years... which brought to mind an intersting article in the Independent on Friday past concerning DMPs

"A quarter of people on debt management plans will take at least a decade to clear their borrowings, research showed today.

Insolvency trade body R3 said many people are becoming "slaves to their debts", as in 26% of cases it will take 10 or more years to repay what they owe."

http://www.independent.co.uk/money/loans-credit/warning-over-debt-management-plans-1916813.html

(someone will be along shortly to break this link but it is an interesting read)

emma-uk

Charco wrote: »

Ha ha probably wise - all the same, you could go mad this evening and have two biscuits with your cup of tea after dinner!

Just reading back over the whole thread - not sure if you mentioned who your IP was but credit where it is due they've done a fine job there! Nice of them to let you know how the voting is going even too though to it's not been finalised yet (foregone conclusion by the sounds of it!)

I have a bottle of White chilling and pizza in the oven!!

What I noticed in your posts though was that you mentioned BR was not an option and a DMP would have taken 12 years... which brought to mind an intersting article in the Independent on Friday past concerning DMPs

"A quarter of people on debt management plans will take at least a decade to clear their borrowings, research showed today.

Insolvency trade body R3 said many people are becoming "slaves to their debts", as in 26% of cases it will take 10 or more years to repay what they owe."

http://www.independent.co.uk/money/loans-credit/warning-over-debt-management-plans-1916813.html

(someone will be along shortly to break this link but it is an interesting read)

It was originally with Debtmatters but after 2 years I got a letter saying it had been transferred to Payplan. DM were a bit of a mare, I had to chase them on many things whereas Payplan have been nothing but helpful and professional and I highly rate them. :TI have kept them abreast of the changes in my circumstances and I believe this is key when maintaining a positive relationship.

Am I also correct in thinking that DMP don't offer the same legal cover an IVA does? I know what you mean about the IVA bashers, I have wondered if someones going to jump on my thread and question my motives but I stick by my reasons for going the IVA route and have nothing but positive praise.

emma-uk

:beer:I am offically debt free!!! My F&F offer of 40% of the outstanding balance was accpeted by all.:j

Now need to embark another journey, cleaning up my credit record!:rotfl:

trudij

YAY !!! Well done you !!!!