And so it begins

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Today we sent off the paperwork requested by our debt advisors! its scary to think that today is the start of us hopfully getting debt free! we have been so busy past few days getting new bank accounts sorted direct debts cancelled or changed, income informed of change!
jsut got 2 more accounts to clear and close and we are all moved and ready!
I jsut hope when it gets done that the creditors meeting goes well, just not sure how long it will be till that happens! will we be waiting for weeks or even months till its all going and we begin to pay?
I love War Of The Worlds:heart2:
Justin Hayward Rules with Forever Autumn:smileyhea
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Comments

  • FavDaughter1
    FavDaughter1 Posts: 300 Forumite
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    Hi, our IVA was accepted last week so i know just how you feel.

    the bank account is important,it is a busy& stressful time. creditors put so much pressure on for payments but stand firm whatever they threaten to do,keep in touch with the firm helping you.try to save what you can for a emergency fund now.

    our creditors meeting was about 2 weeks after they had all the paperwork back. it felt an age,suddenly it was upon us! we did a one off IVA with help from my parents(got to re pay them though)but i think most people start paying in the next month. ask your firm though so your clear.

    others will be along to help,good luck, remember you're not alone.
  • Isis_Black
    Isis_Black Posts: 266 Forumite
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    Thanks! i hope it does all get sorted soon as it is starting to have an effect on my studies for university! the joys of being a mature students, kids house and money!
    I love War Of The Worlds:heart2:
    Justin Hayward Rules with Forever Autumn:smileyhea
  • FavDaughter1
    FavDaughter1 Posts: 300 Forumite
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    You'll soon have a date then you can back to concentrating on uni and the family!

    good luck
  • judojub
    judojub Posts: 276 Forumite
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    Hi Isis Black. It sounds like you are pretty much at the same stage as I am. It is such an emotional rollercoaster. I am a complete Newbie. I cannot offer you any advice but simply say that I know exactly how you feel and with everything crossed, the light at the end of the tunnel will all of a sudden become so much brighter!! Keep posting. Let us know how you are getting on and best of luck!!! ;)
  • plymouthpafc
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    We're new it all too and know where you're at. It's a serious hassle putting everything in place but a salutory lesson. Makes you feel more disciplined and in control don't you think?

    Our IP got it all booked and sorted within 5 weeks or so and that included Christmas! Long haul ahead but it'll all be worth it.

    Best of luck :beer:
  • FoggyBrain_2
    FoggyBrain_2 Posts: 1,121 Forumite
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    The worst part, I found, was seeing the total owed written down in "black and white" ....... and well over my "guesstimates" !!
  • judojub
    judojub Posts: 276 Forumite
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    FoggyBrain wrote: »
    The worst part, I found, was seeing the total owed written down in "black and white" ....... and well over my "guesstimates" !!

    Quite agree Foggy. I THINK I know how much I owe but once extra interest and what not has been added I think I might be way out!!:(. I may well have an ambulance on stand by for when I actually see the figures written down.:eek:
  • Isis_Black
    Isis_Black Posts: 266 Forumite
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    my husband still cant quite get his round all of this but as he says once its up and running and get the letters all sorted and creditors informed and we make payment then all will be settled in his mind!

    we ahd our first letter this morning from a creditior saying we had cancelled our direct debit and if its not restarted then will get a charge for it direct to our account, well they can do that as the account is closed lol. jsut gonna keep it and send it onto our debt management company.

    i just need life to get back to a calmness so i can concentrate on uni work, at this rate i will have to resit year one! (not that i mind that if i have to!)
    I love War Of The Worlds:heart2:
    Justin Hayward Rules with Forever Autumn:smileyhea
  • FavDaughter1
    FavDaughter1 Posts: 300 Forumite
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    this part when you start getting letters&calls is stressful, just hold on together through it,post when you need to. we got some awful letters saying they were from solicitors acting for Lloyds,threatening court action etc, scared me to death. it's all just pressure for £.

    can't stress it loud enough, ignore it and save like crazy,every penny so you have some emergency funds.

    it will get better,been there,got the t - shirt x
  • Isis_Black
    Isis_Black Posts: 266 Forumite
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    yeah we have already been getting a fw letters and phone calls but we not stressing over them as we have people working for us to help us get things sorted!

    the annoying thing is that it is having an effect on my university work so i can just see i will not pass my exams i jsut hope i am given the opportunity to resit the year if i am allowed!

    we have no cancelled all direct debits relating to the debts and saving it though its our anniversary soon so will have one last treat and are giving my eldest 2 birthday days out (2 birthdays in one month!)

    i will jsut be so glad once its all sorted and underway, though the mother in law ( who is jsut coming to the end of hers) has told us that it will take about 3 months till the payment agreement is agreed and sorted, jsut hope that they accept our offer! and that they don`t expect me to cut down on my university costs or i will not be able to carry on, that is nmy big worry and stress too !
    I love War Of The Worlds:heart2:
    Justin Hayward Rules with Forever Autumn:smileyhea
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