So pleased with myself

bextas

So we have around £20,000 of debt and for years really I have just buried my head in the sand. It's always been at the back of my mind that I need to sort it out and I have even made attempts to but failed. Anyway a few weeks ago I got out all the debt letters and worked out my statement of affairs. We have £200 a month to put towards our debts. I then wrote to each creditor enclosing a copy of my SOA and after working out the pro rata payments I made offers to them. I am very happy to say that I am now only waiting to hear back from one other and they have all agreed. First payments on the 22nd June. I am so glad I didn't go through a company like baines and ernst - I did ring them but they wanted to charge me £300 just to set up an IVA. I have managed to sort it by myself and the relief is awesome!

langtod8

Congratulations! The first step is the hardest and you have done a great job getting everything together and arranged yourself. It is a great feeling once you know that you can actually see a way out. Just stick to your budgets and pay off more when you can. If you intend to stick around here, it can help to put a summary of debts in your signature. If you keep it honest I find that it is a good feeling knocking some numbers down every now and then, and knowing the whole community will see if you let it lapse can be a real incentive to keep things on track.

WilliamsS87

Waw! good for you..
I don't know why to charge £300!!! this is too much

bottleofred

Well done Bextas, I hope your information about the fee charging companies gives others the motivation to do it themselves or even contact some of the free service providers. Good luck in your debt free journey.

Red